The CorionX project is dedicated to creating a platform for merging the cryptocurrency and stablecoin industry with its utility token. The CorionX token, CORX, functions as a tool for popularizing and spreading awareness about stablecoins and decentralized finance. The token facilitates the users to grow the CorionX community and increase the use of cryptocurrency apps for regular transactions.
The CORX token holders and daily users are compensated through various benefits, including a 2.5% staking quarterly. The #MoneyInTheRightDirection movement encourages the use of stablecoins as the new crypto tools that will revolutionize the methods of payments across the globe.
The CorionX project is going to achieve another milestone by setting up Initial Dex Offering (IDO). The CorionX IDO is scheduled to go live between 2nd – 15th November 2020. The token’s listing will be hosted by Tokenizer DEX, an entirely decentralized platform that enables the trading of over 100 different tokens. After its Initial Dex Offering, the CORX utility token will be listed on Tokenizer, Uniswap, and Probit exchanges.
Why Initial Dex Offering?
CorionX recently had a successful IEO partnership with Probit Exchange. The increasing inclination towards DeFi and DEXes has elevated its market in the past few months. This is primarily because decentralized finance brings greater transparency, reliability, and security to the overall system. Additionally, there has been an increment in the adoption of DeFi, making it an integral part of the token economy. Since CorionX is a decentralized project, the community members wish to use the CORX token on DEXes and an IDO for enabling liquidity for trading.
Benefits of IDO
- IDOs facilitate an ingenious method for fundraising via a decentralized finance system instead of centralized exchange listings.
- The Initial Dex Offering will enable the CorionX community to participate in decentralized exchanges. It will benefit the ones who were not able to benefit from the IEO process.
- The participants in the IDO with Tokenizer will receive a special promotion. They will get a sales bonus of 17% on token purchases. Additionally, they will be eligible for earning up to 27% rewards as an incentive for inviting friends. This referral campaign provides both referrer and referee with a 10% bonus.
- The funds raised by the IDO will aid the mission of the CorionX Foundation. It will also provide liquidity on major DEXs, including Tokenizer, Uniswap, and Probit.
This move to list the utility token, CORX, on DEXes with an IDO can fulfill the CorionX community’s demand while extending CORX use cases. The listing of CORX on Tokenizer and other DEXes will lead to mainstream adoption in the coming years.