EXMO cryptocurrency exchange announces the launch of stop orders. The new functionality will be available to users of the platform from October 3, 2019.
On the same day at 17:00 (Moscow time), the platform will host the second round of the EXMO Coin token sale token. Investors will be able to purchase tokens at a discount of 5% of the initial price.
About stop orders
The integration of stop orders on the exchange will take place in several stages. In the first release, platform users will be able to use two types of stop orders: a stop order to buy and a stop order to sell. At its core, their functionality is designed to make work more productive, predictable due to the ability to hedge risks. Starting from October 3, it will be possible to test the work of the new functionality for the following currency pairs: BTC / USD, BTC / USDT, BTC / RUB, BTC / UAH, ETH / BTC, ETH / USD.
“In accordance with the roadmap, the second and third stages of the initial exchange placement of the EXMO Coin exchange token are tied to the technical refinement of the platform. This is what dictated the decision to open stop orders on the same day as the second round of IEO. Over the past few months, all the efforts of our technical team have been focused on the implementation of stop orders in September in order to fulfill the promises announced in the roadmap. It is important for us that the product meets all the necessary standards and helps users successfully implement their trading strategies, ”said Sergey Zhdanov, CEO of EXMO cryptocurrency exchange.
How and when to buy EXMO Coin?
The total hardcap for the second stage of the token sale will be 148 743 645 EXM (141 BTC in equivalent). Investors will be able to purchase a token at a discount of 5% of the initial price within 3 days starting from October 3, 17:00 (Moscow time). To purchase EXMO Coin, it is enough just to be registered on the platform.
What is EXMO Coin?
EXMO Coin (EXM) is a token of the platform’s internal ecosystem, which is implemented on the Ethereum blockchain and is compatible with all ERC-20 wallets. The introduction of the token into the platform’s ecosystem will be carried out in stages, the project’s tokenomics can be viewed in more detail here.
Benefits for Token Holders
Token holders will be able to save on trading commissions, receive increased referral payments, use the services of copy trading, cloud mining and much more. Also, EXM token holders will be able to vote for listing and delisting of coins.
More information about the remaining benefits of the token can be found here.
Less tokens – more demand!
The EXMO team has provided a quarterly token burning process. All received tokens from the purchase of the Cashback premium rate on the platform will be utilized – up to 50% of the total turnover.
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