Search

Corporate

Diginex’s EQUOS Origin (EQO) Token Driving Growth Across Ecosystem

March 24, 2021
Diginex Limited (Nasdaq: EQOS) (the “Company”), a digital assets financial services company, today announced a significant acceleration in account openings and a daily record for retail trading volume on the EQUOS Cryptocurrency Exchange following the launch of the special issuance period for its EQUOS Origin token (“EQO”) on March 16, 2021.

Unlike most token offerings, EQO will have utility within an already fully functioning exchange and is not being offered for sale to raise capital. EQO can only be earned through trading on the EQUOS cryptocurrency exchange and rewards traders with fee reductions, yield enhancement on other assets and can be used as collateral for derivatives trades. Holders of EQO will also be entitled to future airdrops of new tokens issued for utility purposes within the Diginex ecosystem. As EQUOS rolls out borrowing and lending capabilities, scheduled for later this year, EQO will be used to boost yields available on assets held in Digivault, the hot and cold wallet custodian integrated into EQUOS.

Richard Byworth, CEO of Diginex, said: “We have seen an enthusiastic uptake for EQO since we launched just a week ago, with a meaningful increase in retail sign ups and a record retail daily trading volume. Together with strong interest from our institutional customer base, this reflects significant retail and professional trader interest in earning the EQO token. “

“EQO is designed to allow utility across the future prime / private bank-like experience for digital assets that we have been building. Since last week’s launch, we have seen increased activity coming from a diverse range of countries, with trading volume from customers across Europe, the Middle East, Asia and Australasia. It’s great to see such global recognition for this very unique exchange token.”

The EQUOS Origin will launch on 8th April 2021, with 11 Reward Blocks. Tokens will be distributed daily via a "Reward Block" over a two year "Issuance Period" and will have a regular supply reduction (or halving feature) every 90 Reward Blocks. The first 10 blocks will reward fee-paying clients' price taking volumes between 16th March 2021 and 7th April 2021.

To read the whitepaper, click here.

Related Articles

EQUOS Crypto Exchange Achieves “A+” Transparency Ranking

June 3, 2021

Ranked Top 20 For All Exchanges Globally by Cryptocurrency Market Data Provider Nomics

Keep up with crypto through EQUOS!


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trading Volumes on EQUOS Grow 300% Over Last 30 Days

May 4, 2021

Future Product Rollout to Drive Further Volume and Revenue Growth

EQUOS announces two new strategic liquidity providers

April 27, 2021

Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, announced today that it has entered into strategic partnerships with algorithmic trading firm Kronos Research and institutional liquidity provider Parallel.

Diginex’s Crypto Exchange, EQUOS, Trade Volume Crosses US$1bn for April Month-To-Date

April 19, 2021

Diginex Limited (Nasdaq: EQOS), a digital assets financial services company, today announced record total volumes of over US$1 billion in April month to date, with average daily volumes during the period increasing over three times compared to average daily volumes in the prior month.