Zimbabwe’s Crypto Exchange, Golix Launches its $32 Million ICO
Published
4 years agoon
By
CryptoTvplusGolix, Zimbabwe’s cryptocurrency exchange platform had been in the news recently after taking the Reserved bank of Zimbabwe to court over an unlawful ban. However, Golix is going ahead with its planned token sale which started at the beginning of the month. The exchange aims to expand to Kenya and Uganda as well as raise $32 million.
Golix had ceased its crypto operations after the Reserve Bank of Zimbabwe banned banks from accepting cryptocurrency transactions. Therefore it couldn’t proceed with its planned Initial Coin Offering. But now, the spokesperson for Golix, Nhlalwenhle Ngwenya revealed, “Zimbabwe’s digital currencies pioneer, Golix is raising $32 million through a token sale in, a bid to finance cryptocurrencies infrastructure across the entire African continent.” Golix has explained that from June 1, 2018, it’s tokens, the GLX token, which is an Ethereum ERC20 can be purchased from the Golix token sale website.
William Chui, the head of special projects at Golix explained, that GLX token is being sold at $0.05612 with about 1.2 billion tokens but only 637,120,049 have been availed for sale during the current and initial token sale. Chui said that potential buyers can “use their bitcoin (BTC) and/or ethereum (ETH) to buy the GLX token…People from respective different countries will be able to buy the GLX token from the exchange using their fiat currencies. The GLX token will be used to buy other Altcoins in the exchange, all this will be done at zero transactions fee.”
On the other hand, Panashe Tapera, the head of growth at the exchange platform says, “As part of our strategy starting from Friday 1 June, people in Kenya, South Africa and Uganda will be able to start trading from Golix. This is one of our plans to be the leading exchange in Africa, which inspired by the vision to provide financial autonomy in the continent.”
What do you think about Golix ICO? Share your opinion with us in the comment section below.
Image credit: Pixabay
Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.
You may like
Latest Episode on Inside Blockchain
Crypto News Update
Crypto Street
Trending
The Harmony Horizon’s Bridge Feared Hacked for $100 Million
The Harmony network’s Horizon Bridge has been halted as it is suspected of being hacked for up to $100 million...
Move-to-earn: Get Rewarded For Your Everyday Activity on Actifit
Technology is transforming our daily lives; innovative technological solutions are having an impact on many aspects of life and living....
Genopets vs Digital Fitness (DEFIT): A Comparison of Moves
While blockchain brought in new and innovative ways of earning with decentralized systems where anyone anywhere, around the world, can...
STEPN vs MOOV: A Comparison of Moves
The Move-to-Earn revolution started in 2021 with the release of Genopets. After that, other projects came into the scene with...
Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa
The advent of Bitcoin has paved the way for seamless cross-border payments. The demand for third-party intervention in financial transactions...
ALL Sections
Recent Posts
- Ethereum developers to retire Kiln, Ropsten & Rinkeby
- MoonPay launches NFT platform with Fox Corporation and Universal Pictures
- Blockchain Enables you to Build New Types of Innovative Products – Chuta Chimezie
- Binance Partner with Cristiano Ronaldo for Exclusive NFT Collections
-
The Harmony Horizon’s Bridge Feared Hacked for $100 Million