This Wednesday, the Gibraltar Blockchain Exchange (GBX), a cryptocurrency alternate and market for preliminary coin choices, has added a brand new cryptocurrency to its Digital Asset Exchange (DAX) – ICNQ.
ICNQ is the fifth token to be listed on the alternate to this point this 12 months, following on from EOS and XRP, amongst others. Iconiq Lab Token (ICNQ) is a cryptocurrency token which “powers the economic system” of Iconiq Lab, a decentralized enterprise capital group. The token operates on the Ethereum platform.
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On the GBX-DAX, the ICNQ token shall be out there to commerce in opposition to the United States greenback (USD), Bitcoin (BTC) and Ethereum (ETH) to start with, the assertion from the alternate mentioned. In the close to future, extra pairs shall be added.
According to the assertion launched immediately, ICNQ is now listed on the DAX due to Sponsor Firm Iconiq Holding, which was additionally liable for the itemizing of the EOS token.
Commenting on the addition, Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited mentioned: “I’m happy to unveil the newest improvement in our ongoing efforts to offer essentially the most dynamic buying and selling expertise potential, with the addition of the ICNQ token to the GBX-DAX.”
“The Iconiq group have a wealth of expertise in conventional monetary markets and are conscious about the significance of accessibility and liquidity — two ideas on the coronary heart of our providing. Collaborations with like-minded organisations reminiscent of Sponsor Firm Iconiq, are basic to attaining better recognition for our rising business.”
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The addition of ICNQ follows various adjustments on the blockchain alternate, together with it being granted a full license from the Gibraltar Financial Services Commission in November final 12 months. It was launched by the GSX in February of 2018 with an ICO, by means of which it raised $27 million.
“We are within the midst of a sustained part of exercise, with a variety of excessive profile token additions reminiscent of XLM and XRP to the GBX-DAX to this point in 2019, strengthening our place as a world-class cryptocurrency alternate. We function in a dynamic, fast-paced surroundings, and are decided to set the best requirements in pace and effectivity by evolving in tandem with the business, whereas repeatedly including worth to our platform,” added Cowan.