Upcoming ICO: Digital Ticks tempts traders with new commodity platform
Digital Ticks claims to be the ‘first ever commodity crypto currency exchange’ where users can trade in commodities as well as cryptos.
Its ICO is preceded by an already successful presale which raised $5.7 million in the first 40 minutes of going live. CEO, Jitu Bajaj and CCO Mayur Poddar both said they were ‘humbled and excited by the response from the contributors during the ‘pre-sale’.
It is expected that the ICO price will be offered in four tiers, rising in price from $ 0.37 to $ 0.70 for the main ICO.
The funds raised from the DTX token sale will be invested into the build of the platform which the team says addresses the pain-points that exist in current crypto trading exchanges.
It believes there is a need for trading in multiple currencies which it aims to bring with its new technology.
Platform for all traders
The Digital Ticks team consists of those experienced in a number of sectors including IT, finance, marketing and licencing. It says its technology, backed by traders, for traders, with the aim of appealing to newcomers, professionals and high frequency investors.
Secured with multi-faceted wallets and two factor Google ID authentication, the site has single portfolio view, hot keys and multiple device capability.
The team hopes to fulfil its vision of providing 2000 + cryptos on their trading exchange with more than 200k BTC of daily volume. Pairing options available include gold, silver and it is believed there are ‘early bird free of fees’ in early stages of trading.
Both makers and takers can operate on the platform offering liquidity and trades, respectively. Referrals will gain a 5 % of all proceeds from trades. The ICO will end on May 15th or until hard cap is reached. Investors can purchase DTX tokens using ETH or BTC.