Bitxoxo is an Indian cryptocurrency exchange which is currently having a sale of its tokens. Are you interested? Our review will tell you everything about it.
What is Bitxoxo?
Bitxoxo is a Bitcoin exchange which has grown in the market recently. It has real time trading, a flexible interface that can be intuitive to allow the user to trade easily and execute fast because of its technological design and scalability.
The platform is optimized for mobile phones and it has 24/7 customer support, so you can get help whenever you need it. Blockchain technology enables this company not to depend on a single server like some exchanges still do.
The company is running its business since before the Bitcoin craze, in 2016. It has more than 100 thousand active customers and a volume of over $10 million USD daily. It was low fees that are 0.1% per transaction and it has grown a lot lately.
Bitxoxo was founded by an experienced team made of long-time investors lead by Hesham Rehman (founder and CEO) and Mohammed Rezwan (co-founder and COO). The technical team includes Mohammed Sadic (CTO), Archit Tyagi (partner), Salvina Samson (certified Bitcoin professional) and advisors like Roger Ver, Mate Tokay, Stephen Drew, Sydney Ifergan and Robby Schwerner.
The company is also partners with Crypto Global Capital and Obbserv Beyond the Obvious.
The Bitxoxo Platform
The platform has many features that can be used to enhance the services of the people who decide to use like the Bitxoxo Gift Card, the mobile app, ICO launchpad, the BCH-altcoin marketplace, among other things.
The Bitxoxo Gift Card can be used as a pre-paid gift card. It is a physical gift that works in a similar way to the e-commerce ones and can be given to your family or friends and bought with cryptocurrencies. The Bitxoxo Gift Card can be redeemed on the company’s website and can be used to buy cryptocurrencies there.
The mobile app is another interesting feature because it enables the users to buy and sell cryptocurrencies anywhere in the world. They don't even need to be at home sitting in a computer to make exchanges.
The ICO Launchpad serves for the users to invest in ICOs without having to look for projects. All the projects on the platform are selected by expert traders and use many variables to determine which are the best options. Unfortunately, this options is for Indians only at this point, but you might expect to use it in the future from any place.
Bitxoxo will release a platform for Bitcoin Cash in the future, as it states that this is one of the crypotos with potential to surpass the original Bitcoin. The platform will enable people to use fiat currency to buy Bitcoin Cash and use BCH to buy altcoins at any time or place in the second half of 2018.
The company also has other services like a POS Bitxoxo app so you can buy offline using your Bitxoxo cryptocurrency wallet, the Bitcoin Cash e-university certification program, the Bitxoxo Incubator for blockchain startups and finally the Bitxoxo Debit Card so you can use your coins to buy anywhere at the time that you want.
Bitxoxo (XOXO) Token Sale
Token Supply: 20,000,000 XOXO
Token Type: ERC20
Pre-ICO Sales Token: 5,000,000 XOXO
ICO Sales Token: 10,000,000 XOXO
Founders, Advisors & Team 5,000,000
Pre-ICO Token Price: $1.5/XOXO 25%
ICO Token Price: $2/XOXO
Soft Cap: $5,000,000
The company is having a pre-ICO at this moment to launch its own XOXO token and develop the platform further. In the pre-ICO, you can buy the tokens for $1.50 USD each. The pre-sale will last until the end of April, when the main sale, that will happen during May, will begin. The price per XOXO token will then be $2 USD each.
There will be 10,000,000 XOXO tokens sold in the ICO and 5,000,000 of them will be going to the founders and advisors. The soft cap is $5,000,000 USD and the hard cap is $27,500,000 USD. 30% of the funds will be used in development, 20% in tech, 20% in marketing, 10% in research and 10% in legal expenses.
The Bitxoxo Verdict
This company definitely has potential to become bigger than it already is, so maybe there is some profit to be made from this ICO. Take into account that if, you live in India, this investment is bound to be better than it will if you live anywhere else. In any case, read carefully about the company before making your final decision.