A crypto-to-crypto exchange that prioritises traders like you. WOWX ICO rating – not rated.
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PRE ICO Dates : 01/03/19 – 31/03/19
3 819 916
Rank in IN – 341197
About WOWX ICO (token sale)
WOWX ICO is a centralized crypto to crypto exchange operating on ERC20 platform that accepts Ethereum, and in the near future Bitcoin, as base currency for trading other coins. The native currency is called WOWX ICO token (WOWX). A centralized exchange like WOWX ICO can offer:
Centralized exchanges are more popular with investors and enable faster trading, hence higher trading volume
Faster Transaction Speed
Off-chain or centralized matching systems help facilitate far greater transaction speed than decentralized/P2P exchanges.
A user-friendly interface, especially familiar for users of traditional exchanges, lowers barriers to entry and allows easy on-boarding of new traders.
Most centralized parties are licensed companies and have to adhere to governmental regulations, lending them greater accountability.
WOWX ICO seeks to better customer participation and retention by engaging users on the platform through highly remunerative activities. In doing so we enable greater liquidity of digital assets within our system and higher trading volume. WOWX ICO currently has several features such as our unique token distribution to help our users profit, and plans to embrace even more convenient rewards for users for trivial yet desirable behaviour.
Distributed Transaction Rewards
WOWX is committed to growing its user base to increase trading volume and liquidity which will benefit everyone on the WOWX exchange. We will commit a percentage of revenue taken from trading fees to incentivise users to invite other traders to trade on the platform.
Users who register will receive an invitation bonus for inviting new users. Users invite others via a referral code unique to them. Those who successfully invite others to trade on WOWX will receive a share of the invited person’s trading fee as a bonus. The user who sends the invitation will receive a portion of trading fees accrued by the invitee. This has a network effect, so a user can accumulate bonuses from the traders that their referrals invite. The user who invited the referral gets a portion of the transaction fees.
There will be two tiers of referrals, and users will only get referral commissions from users they invite directly on the exchange and one tier below. Referral bonus will be paid out in the same cryptocurrency in which the transaction fee was paid in, in proportion to a user account level ranging from 50% to 100% of transaction fees collected. Referral bonus will be applicable to all transaction fees paid for 6 months from the date of the user account creation, paid out on a monthly basis.
The WOWX ICO Token Sale will be conducted on the Ethereum blockchain. It will be built on the ERC20 Token standard, users will be able to store their WOWX Tokens on an Ethereum wallet such as MyEtherWallet.
The team will be allocated 50% of all WOWX ICO Tokens generated at the end of the token sale, a maximum of 92,500,000 WOWX ICO Tokens if the hard cap is reached. WOWX ICO Tokens will not be minable, and no future tokens will be issued after the token sale. All unsold tokens will be burnt at the end of the token sale.
Participation in the public sale shall be limited to natural persons, whose wallets will be cleared pursuant to Know-Your-Customer (KYC) checks. KYC checks include proof of identity and residency.