Banking & Payments
Bitex will provide crypto-banking services through their global platform focusing predominantly on Asia.
Bitex customers will be able to avail of bank-like services (payments, currency exchange and transfers, debit card, and personal loans) that will be offered in 8 countries initially.
When a consumer wants to purchase an item, the merchant presents him with a payment screen showing the price in various crypto and fiat currencies accepted on the EZBitex platform.
Consumers participating in trading will pay trading fees denominated in each crypto currency they sell whereas for fiat currency the fees will be converted into XBX tokens at the current market price on the EZBitex exchange automatically.
Consumers that wish to obtain loans from Bitex by offering a cryptocurrency as collateral will be provided with a Loan Wallet. This wallet maintains the state of the loan and its payback.
|ICO start date||30 Jun 2018|
|ICO end date||31 Aug 2018|
|ICO token supply||210,000,000|
|Soft cap||1,000 ETH|
|Additional Token Emission||No|
0-999 XBX - 0% bonus
999-4999 XBX - 16% bonus
5000-9999 XBX - 20% bonus
10000-49999 XBX - 26% bonus
50000-over 50k - 34% bonus
over 50k XBX - 17%
49.999 XBX - 13%
9.999XBX - 10%
4.999 XBX - 8%
999 XBX - 0%
The tokens remaining unsold after the pre-ICO and ICO phases will be vested in a Bitex company account controlled by a smart contract. The smart contract will be programmed to release each month to the Bitex community 1⅔ % of the total tokens initially held. The released tokens may be distributed through airdrops, bounty Confidential and Proprietary. Bitex Global Co., Ltd., BitX Global Pte. Ltd. 37 offerings, lottery, advertisements, or used for development, partnership and infrastructure as decided by the governance committee.
The token price may fluctuate between USD 0.7 and USD 1.0 by the end of the token sale.
70% - public
15% - reserved funding
9% - founders and team
3% - advisors
1.5% - bounty
1.5% - campaign
47% will be spent on ongoing development of the Bitex, EZBitex, and BitexPay platforms;
17% will be spent on registration fees, legal and accounting expenses for building franchises in more regions where Bitex seeks to register its financial services;
13% will be spent on marketing ap physical locations (Kiosks and Retailers), the Web (through social media) and using cross-border payments partnerships;
10% will be spent on recruitment of a banking team with expertise in the financial industry;
8% will be spent on administrative expenses for running Bitex Global;
5% will be spent on investment in development of Bitex-related apps and platforms supporting the future expansion of Bitex
Type of scores
Rating Review and Analytics
|Start ICO||30 Jun 2018|
|End ICO||31 Aug 2018|
|Price||1 XBX = 1 USD|
|Product Type||Service Cryptocurrency|
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