Kyrrex launches the presale for KRRX token. What is it and how it works

By Stan Peterson
November 9, 2021 Updated November 9, 2021

Kyrrex, a global investing, payment, and financial ecosystem and the world’s first digital bank, has announced the launch of the presale round for its KRRX Token on October 25, 2021. Why it deserves attention:

What is Kyrrex?   

Launched in 2018 by Viktor Kochetov & Mykhail Romanenko, a crypto-fiat ecosystem Kyrrex has become a wide set of products and services. Kyrrex is a helpful and secure instrument for users who work with digital assets daily. Today, its main product is Kyrrex Crypto Exchange, where various cryptocurrency transactions are performed.

KRRX Token 

KRRX token implies different conditions for interacting with Kyrrex services and functions, it provides exclusive benefits for all KRRX holders. Specifically, the platform will assign each account into the General, Beginner, Pro Trader, Insider, Institutional, and Market Maker categories.

How KRRX token launches in Public Market: Kyrrex is planning to issue 50% of KRRX on the market in three separate public rounds with full availability in the marketplace: 

  • The platform has completed the first private sale round.
  • Kyrrex is currently carrying out the second round, namely presale. The platform will offer the discounted price of KRRX/US$ 0.7. 
  • And the full price during the third round of listing on the top-tier exchanges at the end of November 2021 will be KRRX/US$ 1.0 for KRRX 150,000,000. 

Lock and release: the platform will lock the remaining 30% of the tokens for 4 years with subsequent releases every 6 months and availability on the platform.

Use of Funds: Kyrrex will allocate the raised funds for the development of ecosystem products, marketing, legal support for obtaining licenses in the new regions, as well as insurance funds. The mentioned categories will account for 45%, 35% and 10%.

Finally, Kyrrex & KRRX key features:

The Social Trading feature will enable users to follow other traders at a fixed fee. The payment methods are fiat currencies, cryptocurrencies, or KRRX tokens.

The Multi-Account Management will include the trading services of a manager or a trader in exchange for the share of the profit made.

The Referral Program will offer bonuses after a user attracts 3 or more of their peers.

The Online Banking feature expected in the fourth quarter of 2022 will offer a 20% cash back and 3% on card transactions. Users who pass verification on the exchange will be receiving 20 KRRX tokens.

Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.