Mazzuma | Simex IEO
Hello Mazzuma Community,
Today, we are thrilled to announce our plan to launch an Initial Exchange Offering (IEO) in partnership with our exchange partner, Simex. After our Initial Coin Offering (ICO) stages which we finalised last year, we are now ready to enter into our next phase which includes the IEO and finally listing MAZ! It has been an exciting journey and we are deeply appreciative to all of you who have been with us.
What is an IEO?
Before we take a deep dive into the technicalities of the IEO, some of you may be asking, what is an IEO? An IEO is a liquidity creation mechanism for tokens via accredited exchanges. This process comes at a fee as the token sale is conducted on the exchange’s platform. Using exchanges makes it simple and safe for both the digital asset issuer and the buyer. Digital asset issuers can trust that buyers have already passed the standard KYC processes by the exchange and the buyers can trust that a thorough examination and review of the project was done by the exchange.
SIMEX?
Simex is one of the largest global exchange providers with a solid reputation as one of the Top 50 cryptocurrency exchanges by actively traded volume (Over $250 Million 24-Hour Volume) as verified by CoinMarketCap (The world’s #1 most-trusted cryptocurrency data authority). Buyers benefit from the advantage of the scale of a global digital asset exchange and do not have to undergo further KYC processes if they are already registered with Simex Platform. Also, the entire IEO process is meticulously vetted by Simex through several layers of technical and commercial due diligence from one of the industry’s most successful cryptocurrency exchanges.With global payment partners such as Visa and Mastercard, Simex also has media publications on global platforms such as Yahoo Finance and CNN Money. With all this in mind, we have a solid globally recognised partner to help usher us into the next phase of our growth.
Benefits of the Mazzuma IEO
With the Mazzuma ecosystem poised to grow exponentially due to our already established networks in the over $650 Billion Global Remittances market, the value of the Mazzuma ecosystem is poised to soar drastically in the coming months and years. We also have bonus incentives for all buyers who participate in the IEO to get good appreciation in value on their MAZ assets.
How To Participate
The First Token Sale on Simex will be commencing on the 24th of July 2019 through to the 4th of August 2019 at $0.80 for 1 MAZ with an 18% Bonus.
Token Overview
Name: Mazzuma
Token symbol: MAZ
Blockchain: Mazzuma Blockchain
Current Total Token Supply: 100,000,000 MAZ
Total IEO Allocation: ~2.5% of Total Supply
Minimum Purchase: $100 Equivalent
MAZ IEO Phase One Price: $0.80 for 1 MAZ at 18% Bonus
First IEO Date: 30th July to 10th August 2019
Hard Cap: $500,000
MAZ IEO Phase Two Price: $0.80 for 1 MAZ at 15% Bonus
Second IEO Date: 12th August to 26th August 2019
Hard Cap: $1,500,000
Final Proposed Listing and Token Release Date: TBC.
Limitations
Buyers from countries where cryptocurrencies have been banned are not allowed to participate in the IEO.
We will love to hear your views and thoughts through any of our social media channels or at hello@mazzuma.com.
