IronX raises $26+ million in token sale

IronX founder and chairman Markos A. Kashiouris

London, U.K.-based regulated crypto exchange IronX has raised a little over $26 million at the end of its token sale. The exact amount raised is $26,319,447.92.

IronX is a collaboration between worldwide multi-asset broker IronFX and Cardano (ADA coin) creator EmurgoHK. The exchange provides a full range of both fiat and crypto wallet funding options. Moreover, it offers direct access to trade forex, commodities, equities and other tradable assets via the easy-to-use ecosystem with IronFX Group.

The recently launched beta version at IronX.com is open for registration. All users who register and get KYC approval will automatically earn 10 IRX.

IronX CEO Dimitris Hatzis said in a press release CoinReport received from DM Communications, IronX’s PR company, “The IronX token sale indicates a strong public interest, and we are extremely excited that it has received attention from all over the world.”

He added, “Given the conditions of the ICO market, we couldn’t be happier about the public response to the IRX token. As impressive as has the sale has been, we still have much work ahead, and look forward to working with new contributors.”

The impressive token sale result accompanies the announcement of “End of Sale” 3% bonus to all new deposits under $49,999.

An ERC-20 utility token, IRX backs the usage of the exchange. The fees paid with IRX will offer further discounts on the exchange. Substantial contributors will also have voting rights concerning any new coin listings on the exchange.

The public sale and beta launch accompany their successful security audit from Hacken and Hosho. The exchange was regulated following the acquisition of a full regulatory license from the Estonian Financial Intelligence Unit in September last year, becoming one of the first European digital currency exchanges to seek and receive this level of approval.

Image via DM Communications