Cryptocurrencies: 2684 / Markets: 20579 Market Cap: 24h Vol:

Description

Description


AWAX is building a new blockchain-based solution for investing in exchange-traded funds and value, passive coin-traded funds and active coin managed funds. Through the effective use of smart contracts, order and issuing fees can be reduced to a fraction of traditional costs. This will make investing in AWAX more financially inclusive across all income classes. Artificial geographical trading restrictions, including the need for a bank account, can thus be eliminated. Counterparty risk can be reduced to mere minutes. Furthermore, AWAX is introducing a new system of passively managed cryptocurrency baskets, which reduces the risks and high fees of actively managed coin funds by using liquidity providers, incentivized by arbitrage effects. AWAX system is based on an underlying rule-based asset allocation rather than high-risk contracts for difference. It uses the asset-first principle, which incentivizes asset vendors to deliver assets before getting paid, thus further reducing investor risk.

Full Name AWAX (AWAX)
Start Date N/A
Algorithm ETH Token
Proof Type N/A
Website https://www.awax.co.uk
Twitter N/A
Facebook N/A
Reddit https://www.reddit.com/r/AWAX_Blockchain/
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


AWAX is building a new blockchain-based solution for investing in exchange-traded funds and value, passive coin-traded funds and active coin managed funds. Through the effective use of smart contracts, order and issuing fees can be reduced to a fraction of traditional costs. This will make investing in AWAX more financially inclusive across all income classes. Artificial geographical trading restrictions, including the need for a bank account, can thus be eliminated. Counterparty risk can be reduced to mere minutes. Furthermore, AWAX is introducing a new system of passively managed cryptocurrency baskets, which reduces the risks and high fees of actively managed coin funds by using liquidity providers, incentivized by arbitrage effects. AWAX system is based on an underlying rule-based asset allocation rather than high-risk contracts for difference. It uses the asset-first principle, which incentivizes asset vendors to deliver assets before getting paid, thus further reducing investor risk.

Team:

  • Richard Haverinen: Chief Executive Officer / Board Member. 
  • Andrew Peciorin: Founder / Board Member / CTO. 
  • Magnus Larsson: Chief Operating Officer. 

AWAX ICO began on November 2, 2018. The ICO token supply represents 60% of the total token supply, so there is a total of 18,000,000,000 AWAX tokens available, for 0.05 USD each. The ICO funding target is 15,000,000 USD, the funding cap is 200,000,000 USD and is expected to end on December 15, 2018 or when the funding cap is reached.

AWAX ICO features a bounty campaign as well as a 20% bonus on the Pre-Sale and 10% on the Main Sale.

ICO Status Ongoing
Token Supply 30000000000
Start Date 2018-11-02
End Date 2018-12-15
Fund Raised (BTC) N/A
Fund Raised (USD) N/A
Start Price (USD) 0.05
Security Audit Company N/A
ICO Legal Form Corporation
ICO Jurisdiction UK
Legal Advisers N/A
Blog https://medium.com/@awax.blockchain
White Paper https://www.awax.co.uk/docs/Awax_WhitepaperV2-210918.pdf
Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer