With the rise in popularity of and , it’s no surprise that there is a high demand for exchange to facilitate the of these coins. Without an exchange or platform to trade these and give them market value, those are essentially worthless. This is where TOKEX comes in. This is a platform that focuses on listing that haven’t been listed on other exchanges yet. TOKEX allows ICOs to list their with no unnecessary delay and get to right away.
Usually, it can take up to three months after an ICO is finished for the to be listed on an exchange. By that time, the hype is all dead and when the ICO finally start volume and interest is low. By getting listed in a short period of time, it creates an opportunity for these projects to keep participants interested.
To get started with on the platform is extremely simply. Just register an account with a name and email and you are ready to go. Unlike regular exchanges, there are no order books. You simply select an ERC20 that you would like to sell for , select the amount of you want to sell, send the to the exchange and you will have a balance after receives the . Currently there is no way to buy ERC20 with , one can only sell them.
We tested out TOKEX by selling 1 OMG for . At the time of writing, looking on , 1 OMG went for 0.000316 , however, TOKEX was able to offer a much higher price of 0.000653 per 1 OMG .
We tested out the offer by creating a sell order on TOKEX for 1 OMG and were after sending the to the exchange’s address we did indeed get credited with 0.000653 . Unfortunately, it did take us over 6 hours to get the in exchange for the . When we reached out to TOKEX about why they are offering such high prices for the along with how long it will to get credited after the order we got the following response:
“We are able to offer higher price because we trust crypto currency on long term. We know that price will raise even more than we can offer. TOKEX has huge reserve of FIAT from the end of 2017 and the beginning 2018. We came here to show people that they not lost money after prices goes down. They still can get higher price here (of course not 10x or 100x). We believe that people will start trust crypto currency again. At the moment almost 80% of crypto investors are tired, don’t believe that something will change soon. TOKEX came here to help each other, to build trust again.”
Overall we give this exchange a 4/5 stars. The design of the platform is a huge plus, however the delay in receiving the along takes away a star from the platform. Furthermore, it’s important to highlight that the team behind the project is anonymous.
Disclaimer: The Merkle Hash is not affiliated with TOKEX. Please do your own research before using any platform or exchange. The Merkle Hash is not responsible for any funds which might be lost as a result of using the platform.
Published at Sat, 16 Feb 2019 23:09:09 +0000
