INX Raises $7.5 Million From Their IPO And Launches Their INX Coins
The latest news from the Gibraltar state is that one of their cryptocurrency exchange, going by the name INX, recently planned to launch their first Initial Public Offering. In their first Initial Public Offering, INX is set to accept major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) etc. After the launch of the IPO and the feedback that INX has received, they are hoping that they will be able to raise around $117 with much input and contribution from the retail and institutional industry.
To be more precise, INX has announced that it will be accepting payments in the form of Ethereum (ETH), Bitcoin (BTC), and USD Coin (USDC), which has already begun this past Monday on September 14, 2020. Since the launch of IPO, INX has claimed to have raised around $7.5 Million till September 10th.
INX informed that they set the price of their token to $0.90 per token at and the minimum buyout amount was $1000. INX was delighted to share the news that there were more than 3000 accredited, and retail investors who registered for INX token, and all of this happened in the first three days of when INX announced their token offering.INX has informed that they are still observing a high influx of investors wanting to get their hands on INX tokens and once the influx normalizes, then the exchange rates for BTC/USD, USDC/USD, and ETH/USD will be determined.
One of the most promising attributes of the INX token that has resulted in many investors to invest and buy a large proportion of the tokens is that INX is the first-ever exchange to have launched a security token IPO, which is registered with the Securities and Exchange Commission of the United States.
In their recent announcement, INX has clarified that at the moment, they are only offering their INX tokens in Wyoming, Illinois, Michigan, New York, Washington, Texas, Wisconsin, Minnesota, Louisiana, Connecticut, California, and Colorado. INX also stated that they intend to use these funds to launch a digital asset platform with multiservice features. They are also aiming to make a regulated crypto trading platform for security tokens, crypto, and a cash reserve fund.