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EMX

Exchange

EMX is an exchange that revolutionizes the global derivatives markets. EMX offers derivatives that give price exposure to underlying assets as varied as crude oil, gold, stock indices, or bitcoin. Traders have access to liquid, global capital markets without ever having to convert to fiat.

Sale ended 10 September 2019
09 Sep 2019 - 10 Sep 2019
ICO Details
Hardcap:
8,000,000 USD
Token Price:
0.15 USD
Total Supply:
530,000,000
ICO Supply:
106,000,000 (20%)
Accepting:
ETH, BTC, USD
Whitelist/KYC:
Whitelist & KYC
Country:
Bermuda
Token Details
Token Platform:
Ethereum
Token Holders:
175
Token Transfers:
709
Token Explorers:
Coin Details
Ticker:
EMX
Share This Page
To The Moon 🚀🌕
ROI Price Market Cap Sale Supply Market Cap Total Supply
x1 $0.15 $15,900,000 $79,500,000
x2 $0.3 $31,800,000 $159,000,000
x3 $0.45 $47,700,000 $238,500,000
x4 $0.6 $63,600,000 $318,000,000
x5 $0.75 $79,500,000 $397,500,000
x6 $0.9 $95,400,000 $477,000,000
x7 $1.05 $111,300,000 $556,500,000
x8 $1.20 $127,200,000 $636,000,000
x9 $1.35 $143,100,000 $715,500,000
x10 $1.50 $159,000,000 $795,000,000
x15 $2.25 $238,500,000 $1,192,500,000
x20 $3.00 $318,000,000 $1,590,000,000
x25 $3.75 $397,500,000 $1,987,500,000
x50 $7.50 $795,000,000 $3,975,000,000
x100 $15.00 $1,590,000,000 $7,950,000,000
x1000 $150.00 $15,900,000,000 $79,500,000,000

The majority of futures trading volume is concentrated on a few large exchanges around the world, such as the Chicago Mercantile Exchange Group (CME), the Intercontinental Exchange (ICE), and the Eurex Exchange. These large entities are the result of dramatic consolidation in the sector.

These large companies extract massive rent costs from their established markets. In the United States, futures exchanges are free to dictate where their products are cleared and may also own or control the clearing house. Market and network effects create a “winner take all” environment whereby participants have no choice but to migrate to the most liquid market. This often leads to a single dominant market for each type of futures contract. Additionally, with only a handful of exceptions, the products for one exchange have no counterpart in any others. For example, S&P 500 futures are only readily traded on CME, while cocoa futures reside solely on ICE. Liquidity, licensing agreements and strong network effects erect high barriers to entry. On a product by product basis, exchanges wield global monopolylike power.

Since futures liquidity is so concentrated yet global liquidity pools are distributed across various exchanges for different contracts around the world, it can be difficult for traders who wish to trade in multiple contract types to simply trade only on one platform -- and thus it is difficult to reap the potential benefits of cross-margining across contracts on a global basis.

The EMX exchange will include both traditional and cryptocurrency futures contracts. Futures on EMX should function largely the same as they do on traditional futures exchanges with a few exceptions. EMX will administer an auction-based matching model versus a central limit order book, and contract quantities traded may be fractional, while on traditional trading platforms, they are whole numbers.

The majority of their contracts will be highly correlated with existing products on liquid exchanges and EMX may utilize leading benchmarks as part of the settlement process for EMX settlements. The mechanics behind order matching and settlement are described in section 5.

Features:

  • Contracts: EMX will list both crypto futures and traditional equity, commodity, and currency futures. Some of the initial contracts will include: BTC-USD, ETH-USD, LTC-USD, EMX Large Cap Crypto Index, US Equity Index, Gold. EMX system was built with scalability in mind and they will add additional contracts over time (crypto, equities, commodities, currencies, bonds, etc), in collaboration with their community and dictated by what traders around the world desire to trade.
  • Platforms and Connectivity: They will launch a web-based trading platform with lightning-fast REST and WebSocket APIs. Additional enhancements will include: Mobile “responsive” web App, Native Android App, Native iOS App, Native Desktop Apps (Windows, OS X), FIX APIs.
  • Language support: They will launch with English, Korean, Portuguese and Chinese language options in the trading application. Other languages (Japanese, Russian, etc) will be implemented over time.
  • Fees and Revenue - Sources of revenue for EMX include:
    • Exchange fee: Trading fees on a notional basis, instead of per contract basis.
    • Withdrawal fee: EMX may charge a small withdrawal fee.
    • Liquidation fee: Traders who are force liquidated due to insufficient margin will be charged a liquidation fee, which will be used to fund the guarantee fund.
    • Other fees: New features of the EMX platform may charge fees (for example, lending).

Jim Bai
CEO
Involved in 1 project
Craig Austin
CTO
Involved in 1 project
Jerald David
COO
Involved in 1 project
Eric Rogstad
Blockchain Development
Involved in 1 project
Evan Rothmayer
VP, Engineering
Involved in 1 project
Ryan Hansen
Managing Director of Business Development
Involved in 1 project
Kay Chang
VP, Product
Involved in 1 project
Sohyung Kang
VP, Marketing
Involved in 1 project
Vinson Leow
Director of Business Development
Involved in 1 project
Pavel Petukhov
Market Data Development
Involved in 1 project
Michael Siedlecki
Senior Engineer
Involved in 1 project
Earth Koed
Marketing Manager
Involved in 1 project
Advisors
Simon Kim
Involved in 3 projects
Kevin Guo
Involved in 1 project
Howard Chao
Involved in 1 project
Pang Chau
Involved in 1 project
Stephen Klein
Involved in 1 project
Yoshimitsu Homma
Involved in 1 project
Jon Anderson
Involved in 1 project
  • Q2 2017

    Founded

    Team established

  • Q4 2017

    Alpha launched on Rinkeby tesnet

  • Q1 2018

    Seed round completed

  • Q2 2018

    New branding EMX.com launch Beta development

  • Q3 2018

    Private Beta launch Token Pre-Sale begins External market maker recruitment Internal liquidity provisions team goes online

  • Q4 2018

    Security audit Exchange partnerships Customer Service and Asia teams established

  • Q1 2019

    Non-US exchange launch Affiliate Program Launch external market making Margin syndicate formed

  • Q2 2019

    iOS app launch Android app launch Market Research Program CFTC application EU expansion

  • Q3 2019

    Desktop app launch Additional contracts

  • Q4 2019

    Launch in other jurisdictions

Source
Rating
FindICO 404
4.4 / 5
ICODOG 404
4.5 / 5
3.8 / 5
4.7 / 5
TrackICO 404
5 / 5
Average
4.4 / 5
Ratings has been aggregated in date 01 November 2019
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Exchange

EMX

EMX is an exchange that revolutionizes the global derivatives markets. EMX offers derivatives that give price exposure to underlying assets as varied as crude oil, gold, stock indices, or bitcoin. Traders have access to liquid, global capital markets without ever having to convert to fiat.

Sale ended 10 September 2019
09 Sep 2019 - 10 Sep 2019
To The Moon 🚀🌕
ROI Price Market Cap Sale Supply Market Cap Total Supply
x1 $0.15 $15,900,000 $79,500,000
x2 $0.3 $31,800,000 $159,000,000
x3 $0.45 $47,700,000 $238,500,000
x4 $0.6 $63,600,000 $318,000,000
x5 $0.75 $79,500,000 $397,500,000
x6 $0.9 $95,400,000 $477,000,000
x7 $1.05 $111,300,000 $556,500,000
x8 $1.20 $127,200,000 $636,000,000
x9 $1.35 $143,100,000 $715,500,000
x10 $1.50 $159,000,000 $795,000,000
x15 $2.25 $238,500,000 $1,192,500,000
x20 $3.00 $318,000,000 $1,590,000,000
x25 $3.75 $397,500,000 $1,987,500,000
x50 $7.50 $795,000,000 $3,975,000,000
x100 $15.00 $1,590,000,000 $7,950,000,000
x1000 $150.00 $15,900,000,000 $79,500,000,000
ICO Details
Hardcap:
8,000,000 USD
Token Price:
0.15 USD
Total Supply:
530,000,000
ICO Supply:
106,000,000 (20%)
Accepting:
ETH, BTC, USD
Whitelist/KYC:
Whitelist & KYC
Country:
Bermuda
Token Details
Token Platform:
Ethereum
Token Holders:
175
Token Transfers:
709
Token Explorers:
Coin Details
Ticker:
EMX

The majority of futures trading volume is concentrated on a few large exchanges around the world, such as the Chicago Mercantile Exchange Group (CME), the Intercontinental Exchange (ICE), and the Eurex Exchange. These large entities are the result of dramatic consolidation in the sector.

These large companies extract massive rent costs from their established markets. In the United States, futures exchanges are free to dictate where their products are cleared and may also own or control the clearing house. Market and network effects create a “winner take all” environment whereby participants have no choice but to migrate to the most liquid market. This often leads to a single dominant market for each type of futures contract. Additionally, with only a handful of exceptions, the products for one exchange have no counterpart in any others. For example, S&P 500 futures are only readily traded on CME, while cocoa futures reside solely on ICE. Liquidity, licensing agreements and strong network effects erect high barriers to entry. On a product by product basis, exchanges wield global monopolylike power.

Since futures liquidity is so concentrated yet global liquidity pools are distributed across various exchanges for different contracts around the world, it can be difficult for traders who wish to trade in multiple contract types to simply trade only on one platform -- and thus it is difficult to reap the potential benefits of cross-margining across contracts on a global basis.

The EMX exchange will include both traditional and cryptocurrency futures contracts. Futures on EMX should function largely the same as they do on traditional futures exchanges with a few exceptions. EMX will administer an auction-based matching model versus a central limit order book, and contract quantities traded may be fractional, while on traditional trading platforms, they are whole numbers.

The majority of their contracts will be highly correlated with existing products on liquid exchanges and EMX may utilize leading benchmarks as part of the settlement process for EMX settlements. The mechanics behind order matching and settlement are described in section 5.

Features:

  • Contracts: EMX will list both crypto futures and traditional equity, commodity, and currency futures. Some of the initial contracts will include: BTC-USD, ETH-USD, LTC-USD, EMX Large Cap Crypto Index, US Equity Index, Gold. EMX system was built with scalability in mind and they will add additional contracts over time (crypto, equities, commodities, currencies, bonds, etc), in collaboration with their community and dictated by what traders around the world desire to trade.
  • Platforms and Connectivity: They will launch a web-based trading platform with lightning-fast REST and WebSocket APIs. Additional enhancements will include: Mobile “responsive” web App, Native Android App, Native iOS App, Native Desktop Apps (Windows, OS X), FIX APIs.
  • Language support: They will launch with English, Korean, Portuguese and Chinese language options in the trading application. Other languages (Japanese, Russian, etc) will be implemented over time.
  • Fees and Revenue - Sources of revenue for EMX include:
    • Exchange fee: Trading fees on a notional basis, instead of per contract basis.
    • Withdrawal fee: EMX may charge a small withdrawal fee.
    • Liquidation fee: Traders who are force liquidated due to insufficient margin will be charged a liquidation fee, which will be used to fund the guarantee fund.
    • Other fees: New features of the EMX platform may charge fees (for example, lending).

Share This Page
Jim Bai
CEO
Involved in 1 project
Craig Austin
CTO
Involved in 1 project
Jerald David
COO
Involved in 1 project
Eric Rogstad
Blockchain Development
Involved in 1 project
Evan Rothmayer
VP, Engineering
Involved in 1 project
Ryan Hansen
Managing Director of Business Development
Involved in 1 project
Kay Chang
VP, Product
Involved in 1 project
Sohyung Kang
VP, Marketing
Involved in 1 project
Vinson Leow
Director of Business Development
Involved in 1 project
Pavel Petukhov
Market Data Development
Involved in 1 project
Michael Siedlecki
Senior Engineer
Involved in 1 project
Earth Koed
Marketing Manager
Involved in 1 project
Advisors
Simon Kim
Involved in 3 projects
Kevin Guo
Involved in 1 project
Howard Chao
Involved in 1 project
Pang Chau
Involved in 1 project
Stephen Klein
Involved in 1 project
Yoshimitsu Homma
Involved in 1 project
Jon Anderson
Involved in 1 project
  • Q2 2017

    Founded

    Team established

  • Q4 2017

    Alpha launched on Rinkeby tesnet

  • Q1 2018

    Seed round completed

  • Q2 2018

    New branding EMX.com launch Beta development

  • Q3 2018

    Private Beta launch Token Pre-Sale begins External market maker recruitment Internal liquidity provisions team goes online

  • Q4 2018

    Security audit Exchange partnerships Customer Service and Asia teams established

  • Q1 2019

    Non-US exchange launch Affiliate Program Launch external market making Margin syndicate formed

  • Q2 2019

    iOS app launch Android app launch Market Research Program CFTC application EU expansion

  • Q3 2019

    Desktop app launch Additional contracts

  • Q4 2019

    Launch in other jurisdictions

 Select Source
Source
Rating
FindICO 404
4.4 / 5
ICODOG 404
4.5 / 5
3.8 / 5
4.7 / 5
TrackICO 404
5 / 5
Average
4.4 / 5
Ratings aggregated in date 01 November 2019
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