Huge success of the product launch and loan facility allowed trading platform EXMO reverse its plans for public TGE and fund platform’s development internally.
Cryptocurrency trading platform EXMO has canceled its public token generation event, due to a full supply of its own funds for margin loans and product launches.
The EXMO Cryptocurrency Platform has revealed the dates of its token generation event pushed forward for two extra months due to a massive public interest.
EXMO, one of the leading cryptocurrency exchange player, launches its token sale in order to support the ambitious goal of adding a Margin Loan service to its platform. The crowdsale officially starts on February 26, 2018.
The EXMO platform is to provide margin loan services, with EXO token holders monthly receiving half of the revenue generated from the lending activities.
In order to cover the traders’ demand for margin loans, as well as to enable the overall platform development, EXMO will attract additional investment capital by issuing its very own token called EXMO Coin (EXO).