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EXMO cryptocurrency exchange announces the launch of stop orders. New functionality will be available to users of the platform starting from 3October 2019 On the same day at 17:00 (Moscow time), the platform will host the second round of the EXMO Coin token sale. 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 placein 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 and 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.
EXMO cryptocurrency exchange CEO Sergey Zhdanov noted:
In accordance with the roadmap of the second and third stagesEXMO Coin's primary exchange offering is linked to the technical development 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.
How and when to buy EXMO Coin?
General hardcap for the second stage of the token salewill amount to 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 internal ecosystemplatform, which is implemented on the Ethereum blockchain and is compatible with all ERC-20 standard wallets. The introduction of the token into the platform’s ecosystem will be carried out in stages, in more detail the tokenomics of the project can be viewed here.
Benefits for Token Holders
Token holders can save on tradingcommissions, receive increased referral payments, use the services of copy trading, cloud mining and many others. Also, EXM token holders will be able to vote for listing and delisting of coins.
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.