What Is BitBounce CredoEx?
BitBounce is set to launch a new digital currency exchange platform known as CredoX. The company, which currently runs a blockchain-driven email anti-spamming solution, has developed the exchange primarily for holders of the Credo Token. Initially, the fresh exchange will transact in Credo to Ethereum pairs, with other virtual currencies as well as fiat money still in the pipeline. However, the addition of these other currencies is subject to their demand within the BitBounce community.
Late last year, BitBounce managed to raise a whopping $11 million during its initial coin offering event. The highlight of the crowdsale was undoubtedly Tim Draper, a revered venture capitalist who purchased 10% of the tokens offered during the ICO. Furthermore, this was not Draper’s first cash injection to the BitBounce project, as he had earlier contributed on multiple occasions.
According to cryptocurrency analytics website CoinMarketCap.com, the Credo Token is listed on two trading platforms, Tidex and OTCBTC. The establishment of the CredoX digital currency exchange eliminate the charges that BitBounce has to pay to exchange platforms for the listing of Credo, its native token. Apparently, cryptocurrency exchanges usually charge up to $3 million to startup tokens which are looking for liquidity.
How BitBounce CredoEx Crypto Exchange For Credo Token Works
As mentioned earlier, BitBounce is a service that seeks to eliminate spam messages from their client’s email inboxes. Essentially, this platform enables its user to levy fees on unknown individuals or institutions who send emails to them. Hence, users of the BitBounce service only receive mail from known parties, and get paid by senders unknown to them.
BitBounce operates in a similar manner to Earn.com, a services that rewards users in Bitcoin for every query they answer or the successful completion of a designated task. Recently, Eran.com was acquired by Coinbase.
BitBounce is a highly popular services, as it has over 1 million registered users. Even better, the platform’s client base increases at average rate of 46% per month. Within the platform, all charges levied on transactions are paid in form of the Credo Token.
BitBounce CredoEx Release Date
The CredoX exchange platform will be rolled out on the 1st May 2018. While it is yet to be released, several businesses have already expressed interest in the services. By enrolling to this programs, companies will be privy to Credo Tokens which are useful in the organization of incentivized email marketing campaigns.
Lastly, BitBounce is presently working on an enterprise version of its solution which will facilitate email marketing campaigns on a large scale. Ultimately, the services will enable businesses to interact directly with customers and only pay when the clients initiate the engagement.