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Kyrrex pre-Sale (KRRX) What is it?



Kyrrex, a global investment, payments, and finance ecosystem and the world's first digital bank. The pre-sale round for the KRRX token starts on October 25th. KRRX is a native ecosystem utility token from Kyrrex with many features and services.

What is Kyrrex?

Kyrrex forms the link between the banking sector and the crypto markets. It does this through products and services that are relevant to a broad mass of people and companies. The global accessibility combined with the reliability of traditional banking shows the versatility and novelty of the platform on a global level.

The Kyrrex crypto-fiat ecosystem, founded by Viktor Kochetov & Mykhail Romanenko in 2018, has since developed a wide range of products and services. Kyrrex is a useful and safe tool for anyone who works with digital assets on a daily basis. The main product is the Kyrrex Crypto Exchange, on which various cryptocurrencies are traded. The company is based in Malta, operates worldwide, and has an average 24-hour trading volume of around $ 30 million, according to the official website.

Kyrrex recently received a Class 4 VFA Service Provider license in Malta, proving its reputation as a reliable partner in the field of cryptocurrency.

Under the Class 4 VFA license, Kyrrex will offer its VFA services to experienced and inexperienced investors in full compliance with EU regulations. This includes VFA exchange management, transactions for own account as well as the custody and control of customer assets. The Malta Financial Services Authority (MFSA) class 4 VFA license makes Kyrrex one of the few cryptocurrency exchanges to have received such an award.

The advantages and properties of the KRRX token

The most interesting feature is the KRRX token, which is used to interact with the services and functions of Kyrrex. The best thing about the token is that it offers exclusive benefits for all KRRX holders. For example, trading fees are reduced by using tokens.

Specifically, each account on the platform is assigned to the categories General, Beginner, Pro Trader, Insider, Institutional and Market Maker. In addition, Kyrrex will offer discounts on all trading fees.

The KRRX distribution

Public Market: Kyrrex plans to spend 50% of KRRX in three separate public rounds with full availability on the marketplace.

The platform has completed its first private sales round. Kyrrex is currently conducting the second round, the presale. The discounted price of 0.7 KRRX / USD is offered on the platform in this round. Full price will be 1.0 KRRX / USD for 150,000,000 KRRX during the third round at the end of November 2021 on major exchanges.

Operational needs: 20% of the supply is used as working capital to cover operational needs, with the team having a right of first refusal.

Blocking and release: The platform will block the remaining 30% of the tokens for 4 years and then release them every 6 months so that they are available on the platform. Kyrrex will not release more than 20% of the original amount in the respective intervals.

Use of funds: Kyrrex will use the funds raised for the development of ecosystem products, marketing, legal support for obtaining licenses in the new regions and for insurance funds. The above categories will account for 45%, 35%, 10% and 10% of the budget, respectively.

The platform will devalue part of the tokens received as fees every quarter. Specifically, at least 50% of the tokens issued will be affected.

The main features of Kyrrex and KRRX

The social trading feature will allow users to follow other traders for a fixed fee. Fiat currencies, cryptocurrencies or KRRX tokens are available as means of payment. The traders receive the full fees paid by their subscribers.

Multi-account management offers the trading services of a manager or trader in exchange for a share of the profit made. Traders have the option of receiving bonuses when accepting KRRX tokens.
The referral program will also offer bonuses if a user recruits three or more like-minded people. The last three functions will be implemented in the first quarter of 2022.

The online banking function expected in the fourth quarter of 2022 will offer 20% cashback for purchases within the app and 3% for card transactions. This feature will also include discounts, more cashback, and payment widgets. Users who successfully pass the verification on the exchange will receive 20 KRRX tokens.

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