Digital Asset Company Damex Introduces IEO and Smart Finance App

Digital Asset Company with Gibraltar DLT license Launches IEO and Health-Focused Smart Finance App

As the market ponders the collapse of Silicon Valley Bank, leaders in the crypto space are surging forward, boosted by a resurgent Bitcoin price. One such company is Damex, an established digital asset platform that has just announced the launch of its IEO, and smart finance application.

A Shift in the Market

In light of the recent financial collapses of both traditional and cryptocurrency banks, global regulators are steadily moving to enforce stricter digital asset legislation within their respective regions. For Europe-based companies, the new MiCA legislative framework will mean that unregulated companies will find it much harder to operate without following stricter guidelines.

Damex is well prepared for the new market conditions, and is one of only 14 companies in the world with a Gibraltar DLT license, giving it rights to trade and have custody rights of DLT assets. In addition to this license, the company is also fully regulated by the Gibraltar GFSC.

Health Orientated Finance App

As the world recovers from the malaise of back-to-back covid lockdowns, many people strive to be more active in their day-to-day lives. The Damex smart finance app harnesses this interest by encouraging users to walk instead of taking the bus or driving. The app offers a range of different features and rewards (like NTFs) with increasing benefits given to those who record more steps. The app is also not just for active people; There are an extensive number of premium features that could streamline the workflow of any blockchain project or traditional business.

So What Are These Features?

The Damex app (available to UK and EEA residents) offers cross-border remittance, OTC desk services, a digital asset payment gateway, and cold storage wallets, just for starters. Token staking also unlocks zero exchange fees, access to VIP Premium, cash back, and early access to the next set of new features.

Companies will benefit greatly from digital asset-to-fiat conversion, multi-currency solutions, and cross-border payments. Digital fiat wallets connect to a Visa debit card of users’ choice for easy physical or online transactions, while the added use of an IBAN number makes EU banking transactions a breeze. The app will also have a non-custodial wallet and offer perks such as life & health insurance, loans, and even stock options.

An IEO to Watch Out For

The IEO launches on April 19th and will be available globally to all interested parties. (not available to USA retail investors). With its already established regulation-friendly brand, strong revenue, reputation, and the added cushion of a Gibraltar DLT license, the Damex IEO is one that really stands out, and could be a sign of things to come in the crypto market.

Damex will announce launchpads info for the IEO from its official Twitter account soon, so stay tuned!

What is Damex About?

Damex.io is not a new project trying to stand out in a sea of competitors; quite the contrary. The company launched in 2017 and boasts over 750 institutional clients and $120 Million in transactions each month. With such a solid foundation, the company has now developed a smart finance app and is launching an IEO on April 19th, 2023.

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Image credits: Michal Mrozek.