Tokenize Xchange: Elevate Your Trading Game with TKX!
Tokenize Xchange is a crypto platform targeting the Asia-Pacific region. It has secured $11.5 million in funding and offers features like staking and swift trading via its token, TKX. According to its roadmap, its future plans look promising. Go ahead, dive in.
Tokenize Xchange's primary goal is to link the digital community and create a democratic Buy/Sell spot where enthusiasts can trade digital assets without generally assumed snags.
TKX Coin Utility
Tokenize Emblem, or TKX, is a utility ERC-20 token powered by Ethereum. The token was released in August 2018 as part of the ICO (initial coin offering) round.
According to Coinmarketcap, key token indicators as of June 20, 2023, are as follows:
- Token name: TKX
- TKX price: $5.82
- Technology: ERC-20
- Fully diluted market cap: $582,461,256
- Market cap: $465,945,706
- Volume (24h): $8,110,087
- Total supply: 100,000,000 TKX
- Circulating supply: 79,995,999 TKX
TKX use cases include staking, trading fees, and commission payments.
Tokenize Xchange Origin
The project started in 2017 as the brainchild of Hong Qi Yu. The headquarters of the crypto exchange are located in several spots at once, namely the Asia-Pacific and Southeast Asia regions. However, the company's primary operational focus remains in Singapore.
In the meantime, the exchange also offers merit in Malaysia, where the SCM (Securities Commission of Malaysia) officially approved it, making Tokenize the leading marketplace for buying and selling crypto assets.
How Does Tokenize Xchange Work?
The idea of Tokenize is that all clients of the crypto exchange are divided into three main categories depending on the amount of TKX on their balances. Users with less than 160 TKX have a basic badge.
Premium customers are netizens holding TKX worth between 160 and 800 tokens. Users with more than 800 TKX in their accounts are equated to the Platinum level of traders. The catch is that the number of trading commissions and premium features will vary depending on your level.
Tokenize Xchange Funding
Tokenize obtained investment support totaling $11.5 million through two funding rounds (August 12, 2022, Series A, and February 8, 2021, Series B). At the same time, the crypto exchange was financed by a single investor, namely Kenanga Investment Bank Berhad.
Tokenize Xchange Roadmap
Here are a few key milestones in the development of the project from 2019 to 2020:
- Q1-Q2 2019: Off-chain and On-chain hybrid solution | Cross-chain trading/atomic swap | Wallet on-chain integration | Payment and donation gateway
- Q3-Q4 2019: Off-chain and On-chain hybrid solution | Tokenize blockchain smart app development | Six-degree network
- Q1-Q2 2020: On-chain solution, decentralize | Tokenize blockchain AI integration | Rolling out MFA (multi-factor authentication) | Exchange migration to on-chain Alpha
- Q3-Q4 2020: On-chain solution, decentralize exchange | Exchange migration to on-chain Beta
Tokenize Xchange Tokenomics Details
The tokenomics of the crypto exchange looks as follows:
- 48.32% - ASEAN token swap
- 25% allocated to treasury and reserve fund
- 15% given to the founding team
- 5% transferred to advisors and partners
- 5% reserved for bounty and reward incentives
- 1.68% distributed for Tokenize live consensus
The Singapore-based Tokenize Exchange platform is a niche trading place as it offers services for selling and purchasing crypto assets exclusively for Asia-Pacific and Southeast Asia. Tokenize went the extra mile to acquire official licenses from regulators, thereby greatly enhancing trustworthiness in the eyes of its customers.
