By
Temitope Olatunji
April 18th, 2024
ImmVRse, a decentralised VR ecosystem, has announced its IMVR token’s official listing on DDEX, to celebrate which the company holds a trading competition.
Following the successful token sale for its VR market platform held between July and September, ImmVRse is proud to announce that their token, IMVR, is now officially listed on DDEX. To celebrate the listing, the company is currently running a trading competition.
The competition has started on September 25th and will be live until October 7th. 400,000 IMVR will be distributed in the form of rewards to the participants of the contest. Users rewarded will earn 4,000 IMVR, so traders are competing over 100 spots.
Rewards will be distributed within three business days after the event. IMVR tokens are expected to be listed on more decentralized exchanges as well as traditional ones in the coming months, with other giveaways and trading competitions planned.
The project has already amassed a social media following of nearly 50,000 users across various channels, a number that will only continue to increase as further promotional efforts are made to encourage use of the IMVR token.
Farabi Shayor, CEO at ImmVRse said,
“We would like deliver the amazing crypto community with multiple options to join and cooperate with us in the development of disruptive platforms that we aim to develop. DDEX provides an exceptional platform and prospect for current and upcoming IMVR traders to trade using a next-generation and cutting-edge user interface.”
While many exchanges, which store large amounts of cryptocurrency funds on their platforms at any time given, continue to join the list of hackers’ victims, decentralized exchanges, such as DDEX, are gaining popularity.
DDEX utilizes Ethereum smart contracts and the 0x protocol. Decentralized exchanges mean users do not need to make accounts and submit sensitive information. The funds stored on decentralized exchanges don’t leave user wallets until the orders of buying and selling have been matched.
This mitigates the amount of funds that are lost if the platform becomes compromised, as the platform itself doesn’t store user funds. Furthermore, security is also increased because users hold their own private keys, which are needed to authenticate the movement of any funds,
With the rising demand in exchange security, and the 0x protocol making the creation of decentralized exchanges extremely easy, many decentralized exchanges have sprung up. DDEX, however, remains a top choice due to the high liquidity and volume conducted regularly.
ImmVRse represents itself a decentralised app, which allows VR content creators to showcase their talent to companies around the world, as well as get hired and paid using ImmVRse tokens. All transactions within the ecosystem are validated and encrypted using Ethereum’s smart contract function. As a result, the ecosystem runs without the need of an arbitrary third party or a financial controller.
Members and advisors of the ImmVRse team are experienced in managing large-scale projects, marketing, human resources, infrastructure development, process specialisation and most importantly, blockchain. The experience of managing projects over an average of $30 million along with working at global corporations gives ImmVRse the edge over its competitors.