Trade.io published on its website that its ICO has been completed. The company has successfully raised $31,169,749. The number of participants in the ICO was listed at 15,073, purchasing a total of 65,782,147 Trade Tokens.
The ICO picked up steam rather swiftly. It was just over a week ago when the total amount raised surpassed $20 million. The company will use the money to fund its various initiatives, including a blockchain exchange creation. Additionally, one of the goals of the ICO was to strengthen the liquidity pool, which has yet to be achieved as a result of the raised capital.
Trade.io has been working to solidify partnerships that will enable the company to develop and implement its technological agenda. Last month, it reached an agreement with Civic Technologies, a US-based blockchain based identity platform. Trade.io intends to leverage the partnership, in order to use blockchain technology to induce faster KYC verification processes for trade.io users. Moreover, in an effort to assure the fast and simple conversion of its ICO tokens, the company recently announced that it has forged an agreement to integrate Bancor Protocol, through which its Trade Token (TIO) can be converted instantaneously to Ethereum ERC20 tokens.
FBS Receives Best Forex Broker Europe 2019 Award by The European MagazineGo to article >>
Trade.io at upcoming iFX EXPO Asia
The team behind Trade.io have a great deal of experience in the trading and fintech sectors. Two of the company’s top advisors have been pegged as speakers at the upcoming iFX EXP Asia conference. The conference, which attracts many of the top leaders in the financial trading industry, will have an increased focus on cryptocurrencies, and their influence on the trading world.
The upcoming iFX EXPO Asia will shed light into Asia’s changing atmosphere in the cryptocurrency realm. Additionally, the incorporation of crypto CFDs into the FX and CFD spheres have led to issues with risk management, which should lead to discussions about whether the product can remain appealing to market makers.
A highlight of the iFX EXPO Asia will be the a panel discussion under the name “New Era or the Beginning of the End”. The panel is expected to feature Trade.io advisors, Senior Buy-Side Research Analyst at Guotai Junan Securities John Patrick Mullin, and TokenTarget’s John Lewis.
Full disclosure: Finance Magnates CEO Michael Greenberg acts as an external advisor to Trade.io.