- Founded by the former OKEx executive, Andy Cheung, ACDX is a crypto derivatives exchange that provides innovative structured products
- The public token sale held from 24 to 30 November 2020 achieved an oversubscription rate of 3.6 times
- The subscription round is largely driven by the community since they believe in the value of ACXT
Seychelles – ACDX, the world’s first crypto exchange offering advanced structured products for sophisticated traders, completed the largest-ever community-driven exchange marker governance token sale. Led by the former OKEx COO Andy Cheung, ACDX announced that their native token ACXT will be the first token ever to transform the crypto industry.
The ACXT token sale was launched on 24 November 2020. Thanks to the community’s support, it promptly flourished to become one of the most successful token sales to date with an oversubscription rate of 3.6 times. Priced at $3, the ACXT subscription (token sale) supply is 250,000 and they will be allotted through an entirely impartial lottery system.
“On the contrary to many projects out there, the funding rounds are largely driven by the community. This concurs with the idea of our governance token ACXT.” said Andy Cheung, founder and executive chairman of ACDX.
The public token sale followed the closure of $10M private investment rounds and the cACXT convertible token sale, which have been the recent spotlight of the crypto community as well. Led by the community-driven VC firm VYSYN VENTURES, the funds raised at the series pre-A equity round were valued $33.3M (post-money) at ACDX. Overwhelmed by the huge success in the private sale, ACDX has come to understand the soaring demand from the community regarding its governance token ACXT, which prompted the convertible token sale on Uniswap.
ACDX is a next-generation crypto exchange that offers quarterly futures, perpetual futures, and futures spread trading at launch. It strives to bridge the gap between DeFi and CeFi by partnering with decentralized protocols and supporting decentralized multi-asset collateral. With ACXT, the community can participate in listing votes and other governance decisions at ACDX, strengthening the bond between DeFi and CeFi.
“Our top milestone of 2020 or 2021 is the same – bringing in more innovations to drive the crypto industry forward. We talked about crypto structured products but now we’ll be also putting focusing on bridging DeFi and CeFi. And it’s not about making ACDX successful. But more about making contributions to the crypto and blockchain world.” commented Andy Cheung.
ACDX believes the success of the ACXT token sale is just the beginning and lays the groundwork for the exchange to experience a whole new stage of growth. With a 3.6 times of oversubscription rate in this round, ACDX is now well positioned to deliver on its huge vision as the exchange governance token for connecting DeFi and CeFi, as promised to the community.
About ACDX
ACDX offers a next-generation cryptocurrency derivatives trading platform with cryptocurrency structured products that the industry has not yet seen. The exchange is focused on true innovation across a wide range of easy-to-use, fair, and transparent trading products that suit the needs of current and emerging cryptocurrency traders.
Press Contact: Jesper Cheng
Email: jesper@acdx.io
