IDAX: Mongolian Cryptocurrency Exchange & Trading Platform?

2017 had been a turbulent year for the financial world and a major part of the disruption came from blockchain technology. Not only FinTech but most of the industries were taken aback by this innovative technology. The huge strategic and monetary advantage of blockchain enabled a stiff competition around it. This innovation, disruption and volatility was not limited to companies and industries, but also nations faced it.

Most of the forward thinking saw the emergence of this technology, no matter rich or poor, big or small. Mongolia was one of those nations.

What Is IDAX?

IDAX has originated from GBC(Global Blockchain Research Center), an international blockchain research center. IDAX is GBC’s global digital assets service platform that is designed for blockchain exchange research.

GBC has a high-tech industrial complex in Ulaanbaatar, Mongolia and this is where IDAX operates from. The industrial complex has 22,000 M2 work space and 50,000 M2 designated mining facility area. In addition, one of their mining facility has the potential to be expanded to 250,000 at any given time, which means that they will be able to store and operate another 200,000 mining equipment.

Their platform is a trustworthy and user friendly cryptocurrency exchange which is supported with many functions like multi-cryptocurrency, multi-language options and multi level of security architecture that ensures safe transactions of digital assets.

IDAX is a platform that establishes a global decentralized blockchain asset exchange platform in order to assemble global blockchain assets and provide more secure and efficient blockchain asset exchange service to the customers. Compared to traditional digital asset exchanges, IDAX has dominance on its secure technology protection, convenience and smooth transaction, strict currency checking, national policy support and fixed asset support.

IDAX Mongolian Cryptocurrency Exchange & Trading Advantages

Business Model:

From the faith of the people, which was vindicated by centralized profit education to most of the users. They are committed on creating civilian rich ecological network of decentralized assets.

Blockchain Technology:

With the support of GBC’s top blockchain tech research team who work on multiple top global blockchain projects.

Digital Coin Introduction:

They have a system set up which introduces digital coins to the market. They provide blockchain individuals and companies with cheaper digital asset exchange utility and highly efficient management utility of clearing operation.

Stable Resource Provisions:

Mongolian National Team is their consistent source for finances and are set to provide GBC with $300 million USD.

National Policy Support:

Mongolian policies are in line with that of GBC and are set to draw significant attention from this.

Low Fees:

There are no fees for deposit and the fee for trading is just 0.2%.

IDAX Conclusion

They are striving to develop source integration, cross border strategic partnership, and develop financial tech. By doing so, they will be able to boost the IDAX platform’s innovation and R&D process. Venturing to reach the highest quality digital asset exchange platform of the blockchain ecosystem, they are driven by basic principles like security, stability and sophistication. The introduction of the product will bring together many high quality assets around the world. IDAX has abundant resource advantage with a broad perspective of future development.

You can find out more about the platform on their website

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