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Beaxy, a soon-to-launch Saint Kitts and Nevis-based platform vying for the title of “best spot cryptocurrency exchange on the market,” has announced its first round of listings.

According to the announcement, the following 25 cryptocurrencies will be available at launch:

Similar to other exchange tokens, Beaxy customers are incentivized to use Beaxy Tokens (BXY) to pay for trading fees, as fees are reduced by 50% compared to when a user trades with Bitcoin or Ethereum. Users can also earn an additional 25% for staking their BXY via a lockup program directly on the exchange.

Beaxy is currently conducting a private token sale for BXY and has already surpassed its soft cap of $4.2 million. The company’s private token sale will last until 600 million tokens are sold and all unsold tokens will be available for purchase directly on the new exchange for 100 days following the launch.

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In addition to its desktop retail exchange, Beaxy is planning to launch a mobile trading app, in addition to an OTC trading desk and an ICO launch platform.

While the exact launch date hasn’t been announced, Beaxy is planning to go live sometime in Q1 2019, with plans to announce the second round of listings shortly after launching. Interested investors can signup for the exchange as the user portal is now up and running.

More: Beaxy Announcement
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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