Blockfunder, A New Token Launch Platform, Kicking Off with Crypto Social Network Blockster (BXR)
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25/05/2021, St. Vincent – Digitex Ltd, a commission-free crypto futures and spot exchange, has announced the launch of Blockfunder, its Initial Exchange Offering (IEO) platform, that will help to crowdfund and fast-track up-and-coming projects in the cryptocurrency space.
Through Blockfunder, Digitex will oversee the token sales of promising projects, carrying out prior due diligence to ensure only high-quality offerings. The first project to launch through Blockfunder will be Blockster, a social network for cryptocurrency enthusiasts with its own native token called the Blockster (BXR) token used for advertising and staking.
Blockster has been under development for over one year now, and currently the platform is in testnet to a closed group of testers and content creators with plans to open to the public in June. Driven by user-generated content focused on making money in crypto and blockchain, Blockster aims to become ‘the social network’ for the crypto industry.
With a full market data feed for all cryptocurrencies, its own user-generated blog, a mobile app available in June, plus an NFT marketplace coming soon, it’s been designed and developed in-house by Digitex specifically for crypto users, traders, and enthusiasts looking for opportunities to make money through investing and trading in digital assets.
The BXR token, which will be utilized by Blockster advertisers, will kick off its token sale on June 7, 2021 at $1 per BXR—and as the sale continues the BXR price will gradually increase until it reaches the peak sale price of $2.25. Once the IEO is concluded, BXR will be distributed to buyers and the token will be listed on Digitex and Uniswap. Other listings on major exchanges will be announced soon.
CEO of Digitex Adam Todd commented:
“We’re really excited to be launching our own IEO platform that will also introduce a new utility for our native DGTX token. As we raise funds for projects, partial payment will be accepted with DGTX, meaning a lot will be collected back from the total circulating supply.”
Unlike the fragmented social media landscape of today, where crypto enthusiasts and newcomers are forced to navigate between various different platforms to find the content they’re looking for, Blockster will be the go-to network for the crypto space. The Blockster utility token (BXR) will be issued on the Ethereum blockchain and will be the native currency of the platform, used for all advertising and commerce. BXR staking will also play a large role in sustaining the Blockster ecosystem.
“The first project to be launched on Blockfunder will be the dedicated crypto social network Blockster, but it’s just the first of many projects that will be tokenized on here. Some will be in-house-built products like Blockster and others will be innovative external projects that we believe have great potential to succeed.”
For more details on the Blockfunder IEO platform and the upcoming sale of Blockster (BXR) utility tokens, please visit: digitex.io/blockfunder/bxr
About Digitex Ltd
Digitex Ltd is a zero-fee cryptocurrency spot and futures exchange that makes use of its native DGTX token to enable liquid commission-free markets. Registered in St. Vincent, the company was founded by former futures and betting-exchange trader Adam Todd, who developed a revolutionary token issuance revenue model for sustainably operating an exchange without charging commissions.