The DiFX platform offers three distinct features – the exchange and its native DiFX token, a multi-currency wallet, and its cross-asset platform.
The DiFX exchange and token
DiFX exchange is built on blockchain technology offering users a transparent, efficient, and low-cost platform to trade multiple cryptocurrency pairs. By leveraging blockchain technology, DiFX exchange provides traders with a seamless, secure, and instant platform to complete their transactions.
The exchange is powered by the native DiFX token which is built on Ethereum’s ERC20 standard. Holders and traders on the exchange can enjoy up to 15X leverage on the value of DiFX held on all listed cryptocurrency pairs listed on the exchange. Additionally, the DiFX token can be used as a medium of exchange, allowing fast and low-cost payments across borders globally.
Apart from its in-platform utility, DiFX token also offers other benefits to holders including:
- Discounts: DiFX holders enjoy trading fees discounts of up to 50% while paying with the token on the exchange.
- Leverage: As alluded to, traders are offered up to 15X leverage of the total DIFX token value held on any asset class listed on the exchange.
- Staking: Staking options where traders may stake or lock-in DIFX tokens for up to 8 quarters on the exchange-staking platform resulting in massive rewards.
- Investment opportunity: As seen with other exchange tokens, DiFX gives holders an opportunity to return high yields on their investments in the token.
The DiFX private token sale is ongoing till the 31st of March, 2021 as an initial exchange offering (IEO) on the exchange. There’s a total supply of 550 million DiFX tokens available during the IEO, with the starting price of the token set at $0.24.
The DiFX multi-currency wallet
The platform also ensures the highest levels of security on its clients’ funds by providing the “DiFX Multi-Currency Wallet”, which secures all the tokens on the exchange. The wallet is secured through a three-level authentication process and unique keys hence providing their users with a safe, secure, and inclusive platform.
Notwithstanding, the platform insures users in case of any hacks or theft and has partnered with custodial service providers for extra security.
DiFX history and roadmap
The DiFX hybrid exchange platform was first conceptualized in late 2019 followed by the software and smart contract code launch in Q3 2020. At the tail end of 2020, the company started its private sale of DiFX tokens and acquired their EMI, wallet and exchange license.
In the coming months in Q1 2021, DiFX is planning the launch of its exchange IEO platform and integrate the DiFX token on the exchange. Once complete, the team will release its cross-asset exchange platform, Android and iOS mobile applications, and release its debit card by the end of the first half of 2021.
Finally, the team plans to launch a blockchain advisory team on DiFX projects, launch DIFX token trading on other centralized exchanges and DEX and invest in other blockchain startups.
DiFX team members
The DiFX platform is built by an experienced team of developers led by Jeetu Kataria, the founding director and head of operations; Ahmad Abdul Hamid, strategic director; Nikita Sachdev, Chief Marketing officer, and Kokila Alagh, head of legal and compliance.
The team also has a number of experienced advisors on its board of directors including Mohammed Abdulrahman Aljallaf, former lead at the Emirates Bank, and Dr. Naser Muhyealdeen, who serves as the CEO of Global Investment Group.
Be the first to trade on DIFX
Following the existing roadmap, the DIFX exchange will launch in March 2021. Beta will be live in the last week of march and the public will start trading from 24th April. Visit DIFX.io to sign up and receive notifications of the latest developments.
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