eBankX presently has a launchpad, which is a safe environment to launch new projects and investments. The platform will tokenize real assets leveraging the launchpad to raise funds while investors can invest incredible projects.
The E-BankX Launchpad is presently allowing investments through the Initial Exchange Offering (IEO) and Security Token Offering (STO).
–Â Â Â IEO:Â The Initial Exchange Offering (IEO) relies on a crowd-funding model for issuing tokens to its investors. The model involves a partnership between the project and the existing exchange, and the objective is to sell and list tokens or coins on the identified exchange. Investors buying tokens from the exchange, which carries out all activities on behalf of the project and investors. It is also responsible for due diligence on behalf of investors and their investments.
–Â Â Â STO:Â STO or Security Token Offering is like an ICO whereby investors gain crypto coins or tokens upon investing in a project according to their compliance requirements. However, the issued security token represents an underlying asset, including physical commodities such as real estate properties, stocks, diamonds, etc. Tokenizing of revenue streams helps investors to derive income in accordance with the number of tokens held by them.
eBankX will ensure all investments on the Launchpad are extensively approved and credible and authentic. The platform ensures legitimacy and value of the projects after the due diligence process, and in compliance with laws and regulations.
Blockchain technology benefits investors with legal ownership of real assets while keeping tokens tradable for all times. The first IEO project to be launched is the EBX token.
EBX and the eBankX Launchpad
Here is the step-by-step of starting a project on the Launchpad with EBX:
– Register an account with EBX and complete KYC.
– Add funds to your account via FIAT or cryptocurrency.
– Buy EBX Tokens via eBankX Launchpad.
– Pay for EBX tokens with funds deposited in your account.
– Receive money directly into the EBX wallet.
– Profits made from ECO Investments will be paid directly into your wallet.
The native cryptocurrency for the E-BankX platform will be known as EBX Coin and will be issued on the ERC20 network. Based on the Ethereum platform, this is the first IEO project launched through eBankX launchpad. The supply of these tokens is limited to 100 million tokens only, in its lifetime. Since the prelaunch phase is undergoing, EBX is presently available for just $0.20.
The platform makers have outlined a plan to release a limited number of EBX tokens for every phase at a stipulated rate with phase 1 feature a price of $0.25 per token. The next phase after the launch will see EBX tokens priced at $0.50, and the third phase (in a year) will witness the price rise to $1 per EBX. The pre-sale period will open 10,000,000 tokens to been sold in Phase 1.
Furthermore, the platform has launched three stablecoins connected to FIAT currency valuation of USD, GBP, and EURO in the name of EBXUSD, EBXGBP, and EBXEURO, respectively,
eBankX EBX Tokenomics
eBankX is planning to utilize EBX in varied ways:
– The native utility of EBX coins will be to facilitate payment of approved fees on the platform.
– Users will also be able to choose from other stable coins underlying the main crypto to transact across the E-BankX ecosystem. The stable coins will cushion users against volatility in the cryptocurrency industry.
– All EBX stablecoins will have an associated bank account with the equivalent monetary equivalent in FIAT currency in circulation.
– eBankX is presently promoting EBX to account holders with access to full mining operation data. Unsold EBX tokens will be burnt at the end of the IEO.
– Out of 80% of coins are allocated to the IEO (80,000,000 EBX coins). Funds raised from the IEO will be utilized for:
- 20% for Platform development
- 20% for Marketing and Advertising
- 40% for ECO investments
- 15% for operations
- 5% for Reserves
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