… initial public offering (the “Offering”) of up to 130 million INX Security Tokens (the “INX Tokens” or “Tokens”). INX has set the offering price at $0.90 per Token with a minimum investment of $1,000. It is anticipated that the Offering will begin on August 25, 2020 at 10am Eastern Daylight Time.
So What’s the INX Token?
In our previous report, Tone Vays compares INX tokens with Binance [BNB] coin, which seems quite apt but with its differences. The token will be used for profit-sharing from the exchange and provide a Cash Fund as security for users.
@INXLimited already joined the #LiquidNetwork. Migration is in the plans but as you should know, requires new filings and SEC approvals. It’s an IPO, they can’t just do whatever they want on a whim.
It’s a Start-up!
There is a difference when it comes to shilling tokens and building an actual company. INX is an exchange, hence, naturally, a business must involve profits and stakeholders who reap them. Co-incidentally in this case, they happen to be this popular bunch of Bitcoin maximalists, known to derate Ethereum.
…real startup stocks would look like if ever tokenized. It’s a real rarity, and hopefully, some more legit companies use the process. Needs to be faster tho 2.5 years.
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