CGCX ICO details
Start Date: 2018-7-5
End date: 2018-7-31
CGCX – Singapore’s First Insured Hybrid Crypto Platform
Calfin Global Crypto Exchange – CGCX, offers a state of the art, highly sophisticated hybrid platform. Unlike most exchanges that offer only cryptocurrency trading, CGCX is uniquely positioning itself in the blockchain world by providing four modules under a single platform to offer a wide range of services to its customers. As a unique security feature, committing to our values of security, all tokens stored on our exchange wallets are insured against cyber attacks and hacking. We are offering to the public a total quantity of 1 Billion CGCX tokens representing 50% of the total issuance volume of 2 Billion at the price of 1ETH = 8500CGCX tokens. The proceeds of the token sales are mainly used for enhancement of our hybrid platform with further modules in order to offer additional blockchain solutions. The funds would also be used for the planned expansion into other regions as detailed in our roadmap.
CGCX is a cryptocurrency exchange platform that facilitates extensive and specialised functions that are designed for a range of users, from an everyday user to institutions and advanced traders. CGCX is an all-in-one Exchange that allows its users to buy and sell different coins on its platform. By unifying all transactional aspects, it makes buying and selling coins easier for the users. The state of the art features of the CGCX platform can withstand concurrent orders of more than 1 million per second and will ensure the security and stability for its users.
Calfin Global Crypto Exchange
CGCX provides all its users with multi Wallets to store CGCX Tokens, Bitcoin, Ether and other cryptocurrencies in a single location safely. All digital assets stored in this wallet are insured against cyber attacks and hacking, and is a first-its-kind feature in our exchange.CGCX Token
The CGCX Token is the integral part of the CGCX ecosystem. Tokens will be issued on the Ethereum blockchain using a Smart Contract. The platform maintains a total issuance volume of 2 Billion tokens. It is a decentralized cryptocurrency based on standard ERC 20 token protocol. The CGCX Token supports all Ethereum wallets and will be freely transferable on the Ethereum platform. CGCX Token is not a security token with equity rights but rather a utility token.
Benefits of CGCX token
CGCX Tokens find extensive utility value inside our ecosystem. They can be used as a medium of exchange in our platform for Merchant transactions and in Smart Contract Applications. They can also be used to vote in the Alt Token listing.Exchange platform users get discounts on fees on our platform while paying with CGCX tokens. With the ever expanding opportunities for utilization, the demand for CGCX token automatically gets enhanced, increasing the value of the token holders.
Alt tokens listing
CGCX’s Alternate Cryptocurrency voting program is a monthly process spearheaded by CGCX’s team of cryptocurrency experts and external auditing firm. They would identify viable alternate cryptocurrencies to be listed on the exchange. Users would be then be able to use CGCX tokens to vote for their preferred alternate cryptocurrencies to be listed on the CGCX exchange platform.
This voting program ensures that only legitimate projects with potentially appreciating cryptocurrencies are filtered into the exchange. As more ICOs take place and more alternate cryptocurrencies are developed, this program aims to protect our traders from potentially depreciating or scam projects.
Merchants or online vendors can start accepting payments in cryptocurrency (CGX, BTC, ETH) in just a few minutes by plugging-in the payment gateway or installing the CGCX Point-of-Sale application (web-based and Mobile app) and benefit from a lower transaction fee and wider reach.Smart contracts
Our platform facilitates the creation and digitisation of certain types of assets like trade agreements and bank instruments. This improves the turnaround time with low transaction cost. This allows for automated settlements and trades based on predefined conditions, which will trigger the self-execution of these smart contracts. All tradable assets that can be represented via a digital token and publicly traded can be used in these smart contracts, subject to regulatory requirements.