What Is Simpex?

Simpex has been designed as a fast, user-friendly, and secure crypto exchange. It will also allow instant payments and come with a secure wallet application for mobile, desktop, and web.

Simpex Exchange

This exchange will come with a modern user-friendly interface that is easy to use even for the newbies. This exchange will be capable of handling millions of transactions per second with low fees by utilizing the SPX tokens.

On this exchange, it will be possible to make deposits and withdrawals in fiat. To ensure the transaction fees are as low as possible, the SPX coin will be used. The exchange plans to have over 20 crypto coins being traded on the day the exchange launches. Within the first one year of operation, the plan is to grow that figure to over 100 crypto coins.

This exchange wants to solve some of the major issues in the crypto world such as those of buying and selling many crypto coins using fiat. In many cases, traders experience problems when they try to use credit cards and payment gateways. The other issues this exchange will solve are the danger of hacking at online exchanges and slow transaction speeds.

Simpex Pay

Simpex Pay will be a fast and low-fee payment gateway. The Simpex developers will ensure that they develop numerous plugins that target different e-commerce systems so that merchants can easily accept the SPX tokens as payment.

This gateway will be secure and make instant payments possible. It will work as an off chain payment gateways using the SPX tokens. It will resolve the major problems of crypto payments. This includes issues like slow transactions, which is a major barrier to the adoption of real-world payments in crypto. The high fees and the limited payment gateway integration will also be history once it launches.

Simpex Wallet

The Simpex app will come with its own e-wallet. This will be separate from the exchange wallet so that the user of the Simpex Wallet controls the private key. The wallet itself will be secured using three-factor authentication.

The wallet will also support all the crypto coins supported by the exchange. The three-factor authentication will consist of the SMS verification or email verification, a 4-8 digit pin code, fingerprint scanner or facial recognition on supported devices. Besides that, it will incorporate the Google 2-factor authentication. This wallet also has exchange-transfer capabilities, which will let users transfer SPX tokens from their wallet to the exchange in an instant.

Simpex SPX Tokens ICO Details

Parameters Of The ICO

  • Symbol: SPX
  • The Protocol: ERC20
  • Decimals: 18
  • Total Supply: 100,000,000
  • Pre-ICO: June 9, 2018 – July 15, 2018
  • Pre-ICO Token Supply: 20,000,000
  • Pre-ICO Price: 1 ETH = 10,000 SPX
  • Pre-ICO Soft cap: 2,000 ETH
  • Pre-ICO Hard cap: 9,142 ETH
  • ICO: July 15, 2018 – September 1, 2018
  • ICO Supply: 50,000,000
  • ICO Price: 1 ETH = 7,000 SPX

Token Distribution

  • ICO: 70%
  • Bounty Program: 10%
  • Developer Team: 10%
  • Reserve Fund: 10%

Funds Distribution

  • Development of the Platform: 50%
  • Platform Maintenance: 10%
  • Market Purposes: 25%
  • Legal Issues: 5%

All unsold tokens will be burned. If the soft cap is not reached, the funds will be returned to contributors.

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