African Cryptocurrency Exchange Quidax Secures More Than $3 Million Through Public Sale of QDX Token During the Crypto’s Major Dip in 2021


No issues here: Africa-based cryptocurrency platform, Quidax, announced on Monday that despite the crypto market’s first major dip in 2021 on May 19th, it raised more than 7,772 BNB ($3 million) from the public sale of its token, QDX. Quidax reported on the 19th, Bitcoin dropping as low as $30,000 from highs of $64,000 and despite this, QDX’s public sale sold out in less than 48 hours.

Quidax further revealed that its QDX roadmap that highlights the next developments within the QDX ecosystem, included the listing of several tokens including BNB, DOGE, and SHIB.

As part of its roadmap, the first major product in the QDX ecosystem, QDX Vault will enable people to stake their QDX tokens and earn token airdrops from every other token that gets listed on the exchange. Additionally, an airdrop has been scheduled in June for Quidax and JulSwap community members that hold QDX.”

Quidax then noted that the roadmap also indicates the launch of a self-service listing that will go live in August. The feature will serve BEP20 projects looking to list their tokens on Quidax’s exchange within 24 hours. 

As previously reportedQuidax reported that it is seeking to become home of BEP-20 is a token standard on Binance Smart Chain (BSC) that extends ERC-20, as well as other popular cryptocurrencies.

Apart from instant exchange services, Quidax enables OTC trading and gives fintech companies the tools to offer cryptocurrency services to their customers through a dedicated API.”

The company recently announced it has officially processed more than $3.2 million in transactions and revealed its plans to expand globally . The platform also revealed it currently has more than 400,000 customers in over 70 countries. While sharing more details about the platform’s future plans, Buchi Okoro, CEO of Quidax, revealed at the time:

“We are set to become the global home of BEP20 tokens. This means that anyone in the world can trade over 100 cryptocurrencies in the Binance Smart Chain ecosystem on Quidax.”

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