Eidoo listed on Bitfinex
Today Eidoo is very proud to announce that our Eidoo tokens (EDO) will be listed on Bitfinex, the trading environment for the spot purchase and sale of digital tokens, against the pairs USD, Ethereum and Bitcoin.
Margin trading for these pairs will be enabled gradually, as the order book develops sufficient liquidity.
EDO will be listed on the Bitfinex exchange with a starting price of $2.30 as the token sale price was.
What’s Eidoo?
Eidoo is an innovative mobile app to leverage the full potential of digital currencies in one easy to use environment.
As a multicurrency wallet, Eidoo supports Ethereum and all ERC20 tokens automatically, so there is no need for users to set up a new wallet every time.
Following a successful token sale that raised $27.9M, Eidoo is accelerating its development roadmap to integrate a hybrid exchange, a Bitcoin wallet, an Eidoo-branded debit card, and a raft of innovative add-on services that will enable customers the convenience of having a single mobile app where they can buy, sell, convert and spend digital currencies with ease.
Built on top of the Ethereum Blockchain, EDO is an ERC20 token necessary for users to pay fees for the services offered in the Eidoo app.
Eidoo Revenues
The net revenue from all the value-added services linked to the Eidoo app will be collected in EDO tokens by a public auditable smart contract that will divide it as follows:
- 50% will represent the revenue flow for the companies involved in the Eidoo project providing the added value services;
- 50% will be a voucher for the service. The voucher will be deleted from the blockchain after its use, effectively forwarding these tokens in a burn address that doesn’t have a private key to move funds from.
Eidoo on Bitfinex
Bitfinex is the world’s leading digital asset exchange and provides the most advanced trading platform in the industry.
A principal source of price discovery, Bitfinex also underpins a large part of the cryptocurrency economy by enabling merchants, payment processors, individuals and traders with access to the deepest liquidity pools.
Bitfinex was the first platform to offer leveraged spot trading in cryptocurrency, and created the largest peer-to-peer financing solution in the digital token space.
Founded in 2012, Bitfinex is an established thought leader in the digital currency exchange economy, constantly delivering innovative features and functionality to its global customer base.
Below you can find an insightful chart of the recent volume traded of Bitfinex.com
