Press release
PRESS RELEASE. WATERPORT PLACE, GIB., March 20, 2023 – Digital Asset Management Limited and the Damex group (“Damex” or “Damex.io”), a Gibraltar-based provider of distributed ledger technology, recently announced their IEO utility token, Damex Token ($DAMEX), which it can be used within the Damex app along with other non-fungible tokens (NFTs), to earn rewards for adopting a healthier and more active lifestyle.
Damex announced your IEO token by April 19. Its utility went live and tested during the first quarter of 2023, with future developments for both Damex Token and Damex App scheduled throughout the year. The total supply is 370 million Damex tokens.
The goal of these new Damex offerings is to encourage users to become healthier people while educating them about cryptocurrency and promoting environmental sustainability.
What can users earn in exchange for staking Damex tokens?
For example, when a user stakes 5,000 Damex tokens, they can gain access to a VIP Premium membership, as well as enjoy zero trading fees while using the Damex app. Premium Subscription members can enjoy benefits such as:
- Access to top-notch exercise challenges
- Get a premium member card
- Unlock cash back incentives at every level
- Get early access to new Damex features
During its first round of private sales (Q4 2022) for Damex tokens, Damex raised $3 million. During its second private sale (Q1 2023), Damex raised $1 million.
The basic Damex tokens will be created on Ethereum and then joined by other blockchain protocols such as Solana and BSC. In addition to being used for betting and rewards, the Damex token will allow users to vote on key features within the Damex ecosystem and key features, including the Damex token listing and Damex app features.
Damex is also introducing its Buy Back and Burn program, where 20% of the proceeds will be used to buy Damex’s native tokens off the market. The tokens will be burned or used as incentives for users.
Users can earn rewards when they complete challenges, which will change every three months. Also, the NFT rewards will vary on a monthly basis. For example, if a user completes the marathon challenge with a goal of 60,000 steps, which is equivalent to the London Marathon, they can receive standard rewards, such as 0.10% cashback and 10% discount on fees. change. Premium members can receive 0.15% cash back, while VIP Premium members (5000 Damex tokens) can receive rewards such as 0.2% cash back, free NFT airdrops, and zero trading fees. exchange on the Damex platform.
The Damex Token has received investment from various investors, including:
- CSDAO
- Capital of cetaceans
- Odin’s Capital
- fair companies
- IX coin
- Alpha Capital Headquarters
- Kebler Capital
- Belobaba
- chain capital
With the Damex digital asset finance app, users can deposit cryptocurrencies, exchange cryptocurrencies for fiat currencies, and pay for purchases with their Damex Visa debit cards. The Damex app was launched in beta on February 17, 2023, with the initial exchange offering for the Damex token scheduled for April 19, 2023. The Damex app is currently open in the UK and EEA.
About Damex.io
Damex.io is a digital asset group of companies operating since 2017. Digital Asset Management Limited (doing business as Damex or Damex.io) is a distributed ledger technology (DLT) provider that received its Authorization of Distributed Ledger Technology by the Gibraltar Financial Services Commission in 2019. Damex Token is issued by Damex Limited and is registered with the Gibraltar Financial Services Commission for the purposes of your token offering.
Visit www.damex.io for the latest updates and official information about the Damex token. Interested individuals can also contact Damex through their social media channels. Telegram: damex_ioFacebook: damex.io. Twitter: @damex_io. LinkedIn: https://www.linkedin.com/company/damexio/.
Headquarters: Damex.io, Suite 2.4 and 2.5, Waterport Place, Gibraltar, GX11 1AA
Customer service hours: Monday to Friday from 9:00 a.m. to 6:00 p.m.
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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