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DLT licensed platform Damex.io announces token IEO launch and Smart App

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Damex is a digital asset platform that uses NFTs and $DAMEX tokens to reward all users for being healthy and active. Damex has developed a smart finance app with a gamification layer to increase participation and promote healthy goals. The app is already available in the UK and EEA and will launch the $DAMEX token utility following the Damex IEO presale which starts on April 19th, 2023. 

Ahead of the Market

Following a spate of big-name collapses in the crypto market throughout 2022, regulators across Asia, the US, and Europe have turned their focus towards bringing more stringent legislation to their respective markets. The Markets in Crypto-Assets (MiCA) Regulation will introduce a new regulatory framework for European crypto-assets, aiming to protect investors, ensure financial stability, foster innovation, and grow interest in the crypto-asset sector.

With the new EU legislation digital service providers with DLT licenses will have the edge over those that do not. Damex is only one of 14 companies in the world with a Gibraltar DLT license, which means that the company can offer trading and custody of DLT assets. Damex also has an established client base of 750 different companies, is fully regulated by Gibraltar GFSC, and is currently overseeing $120 Million USD in trading volume per month. 

Damex Platform & Smart App

Established in 2017, Damex.io is a crypto payment platform and smart finance application currently available to UK and EEA residents. The platform offers a broad selection of financial tools that benefit its growing institutional client base and the needs of the everyday crypto user, whilst tapping into the 96.7 billion USD fitness industry through its move-to-earn gamification layer. 

Inspired by the Covid-19 lockdowns Damex started developing a smart finance app in 2022 that promotes a healthier, more active lifestyle. The app also uses non-fungible tokens (NFTs) and Damex’s proprietary $DAMEX token to make digital asset finance more accessible and engaging through gamifying user experiences.

App Features & Rewards

The Damex App features include cross-border remittance, a Visa Card Program, OTC desk services, and cold storage for crypto wallets. Users can freely exchange all digital assets, as well as pay in & out using crypto or fiat. The Damex step gamification means that users can take part in challenges, converting the steps they take each day into rewards such as NFTs and VIP Premium memberships. 

One huge upcoming feature is that Non-Custodial Wallets will come with improved rates for users who complete step challenges. In keeping with the company’s focus on health, another future app feature will be both life and health insurance features again with cheaper rates for those who complete the in-app challenges. Users will also be given the option to trade stocks, traditional assets, and NFT  

Token & Utility 

The $DAMEX token is the app’s native utility token and can be either purchased during the IEO or earned by participating in various tasks. Users can stake $DAMEX tokens to unlock various rewards, (like NFTs) and give access to governance rights on key app features, token listings, and more. Staking tokens will also unlock a VIP Premium Membership which has no fees and gives access to additional exercise challenges, a premium member Visa card, and early access to new features.

DAMEX Token IEO

The Damex IEO starts on April 19th and is available to all interested parties. With the company’s proven track record, impressive revenue, and highly converted Gibraltar DLT license, the $DAMEX token IEO offers a safer and fresher opportunity than other unregulated or unproven projects. Damex will run the IEO from its smart finance app and at least two launchpads that will be announced from the Damex Twitter account in the near future.

Disclaimer: This is a paid post and should not be treated as news/advice.  

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With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.
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