MoonX Decentralized Ownership Crypto Exchange Gets $27 Million In Funding
World's First Collective Ownership Exchange, MoonX, Raises US$ 27M in a Flash
Decentralized ownership crypto exchange, MoonX, has been backed by BCH Angel Fund, and funded by IDG, BITMAIN, and Fission Capital (backed by Shenobo of Fenbushi). Other investors include NGC (Neo Global Capital), Node Capital, DHVC, Pre Angel, Linear VC, Du Capital, and 20 more.
MoonX, offers investors, contributors, and traders a unique exchange platform that allows members to collectively participate and contribute, and in turn be rewarded with Moon Money (MM) equivalent to shares and voting rights within the company. MoonX
An exchange that benefits the entire crypto market
MoonX was conceived with the purpose of turning around traditional for-profit, centralized exchanges who made money from the end users through a revolutionary Coin mechanism with zero commission fees for users and community members.
MoonX is a true first in the crypto world. An exchange that benefits the entire crypto market, being decentralized and ‘not-for-profit'.
According to Dakongyi – Founder Du Capital and one of the largest holders of crypto assets in the world, it's great to see the launch of a true socially scalable product that changes perspective and eventually is in the service of the entire planet.
In the same vein, Craig Peterson – Co-Founder & GM Intel Microelectronics and co-inventor of the world's first supercomputer, said MoonX is tremendous feat in working on a Nano Second Matching Engine.
Truly something that was traditionally achieved using hardware. Seeing these budding entrepreneurs achieving significantly more with software intervention makes the new-world go many notches higher in creativity and scalability with available tech expertise and vision.
On their part, R. Nithin Palavalli, MoonX Chief Executive said MoonX is about creating a decentralized economy by not charging fees but providing members with Moon Money equivalent to shares within the company.
They are doing away with employer-employee and customer-business owner relationships to create a more peer-to-peer, equal relationship, offering our co-owners the fastest and most secure exchange technology verified by independent third-party experts.
The exchange's vision addresses other gaps in the current crypto trading landscape by using more evolved technologies compared to those of traditional stocks and futures exchanges, including providing a more open and trustworthy platform to facilitate crypto asset transactions and liquidity, 24/7 support, and financial products such as margin trading, futures, and other derivatives.