BDSwiss is preparing to launch its new cryptocurrency BDXCoin, with an ICO currently scheduled for mid-2018. The FX and CFD brokerage is preparing for the ICO by providing clients with the opportunity to purchase pre-ICO tokens that can later be exchanged for BDXCoins. Tokens have already become available for sale at the price of 10 cents per token.
The company has removed all risks associated with the purchase of pre-ICO tokens by offering a money back guarantee program. The offer specifies: “There is also absolutely no risk for Pre-ICO participants as BDSwiss commits to buy back all tokens or BDXcoins for their original value of 10 cents once the ICO starts mid2018.” Moreover, according to the BDXCoin website, “The buyback guarantee make this an opportunity not to be missed. If you participate in the ICO you are not underlying the risk of total loss due to the buyback guarantee.”
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BDSwiss is emphasizing its ICO by providing a guarantee that investors who purchase their tokens for $0.10 will double their money, claiming: “Exchange your tokens for BDXCoins at ICO, each coin will be valued at €0.20!” The FX and binary options broker has announced a maximum supply of 50 million token that can be acquired. At the time of this writing, over 5.3 million tokens have already been sold.
Will Brokerage ICOs Become a Trend?
The decision to launch its own cryptocurrency could be linked to other brokerages and firms expanding their operations to enter the blockchain industry. IQ Option similarly provided prospective investors with the opportunity to purchase tokens, ahead of its scheduled ICO date.
While the terms of BDSwiss’ offer appear highly appealing, it should be noted that the company has endured issues with regulatory proceedings in the past. The CySEC regulated firm was suspected of breach of conduct by the Cyprus regulator, as both sides eventually reached a settlement of a 150,000 EUR fine in January of this year.