EXMO, Eastern Europe’s largest cryptocurrency exchange, has just announced the launch of stop orders on the platform, along with the start of the second IEO round. Starting October 3, 2019, at 17:00 (UTC +3), tokens will be available to purchase with 5% off for three days.
As CEO of EXMO Sergey Zhdanov confirmed, the simultaneous launch of IEO and the technical upgrade are not a coincidence as they follow the project roadmap.
“That is what our technical team have been focused on over the past few months in order to help users successfully implement their bravest trading strategies,” he said.
Stop orders – namely buy and sell stop orders – will be available for BTC/USD, BTC/USDT, BTC/RUB, BTC/UAH, ETH/BTC, and ETH/USD. In the future, though, the capabilities are about to be expanded. For users, this means the ability to hedge risks, and therefore, increase the trading process predictability.
As earlier, the full set of the exchange’s features is open to holders of EXMO Coin (EXM), and that is the reason for launching the second round of IEO, starting the same day.
As previously reported, on August 1, 2019, EXMO held its first open sale round with over 157 mln EXM bought by investors. This time, the hard cap is set at 148 743 645 EXM bar that equal to 141 BTC.
The token is set to be an internal currency making the trading process as smooth and easy for the user as possible. Based on Ethereum and compatible with all ERC-20 wallets, EXM is correlated with a whole range of perks:
- reduced trading commissions;
- high referral fees;
- access to copying of successful trading strategies;
- getting a discount when paying margin fees;
- converting the “cryptocurrency dust” (lower than the minimal trade or withdrawal balance) into coins;
- taking part in IEOs;
- voting for the listing/delisting of any coins;
- testing new features on the platform.
Also, EXM itself may be seen as an investment, since the particular amount of tokens are intended to be burned every quarter until 50% of them remain in turnover, so the price is likely to increase in the long run.
A 5% discount is valid for those who register and purchase within three days from the start of sales (the minimum amount to buy 1 EXM = 0,00000095 ВТС).
As stated on the EXMO website, other forthcoming features are about to be presented soon, namely a mobile app which is scheduled to be launched in 2019.