Golix, the Zimbabwe crypto exchange, is getting close to raising $32 million with its token sale. It has plans to expand in Kenya and Uganda that will start early this month.
Crypto in South Africa
Now that it’s all set, the company shows that they’ll plunge the African market while the token sale is on.
Nhlalwenhle Ngwenya, the Golix’s spokesperson, said this on Friday night:
“Zimbabwe’s digital currencies pioneer, Golix is raising $32 million through a token sale in, a bid to finance cryptocurrencies infrastructure across the entire African continent.”
Golix makes prior agreement launching its cryptocurrency operations and partnerships in South Africa.
Panashe Tapera, the Golix’s growth head, reveals more about the company’s plans:
“As part of our strategy starting from Friday 1 June, people in Kenya, South Africa, and Uganda will be able to start trading from Golix. This is one of our plans to be the leading exchange in Africa, which inspired by the vision to provide financial autonomy in the continent.”
Golix’s plans for the crypto token sale
Special projects head of Zimbabwe’s crypto exchange, William Chui, mentioned that the token sale aims to gain exposure and initiatives. This allows for easy access to remittances and overseas crypto payment transactions.
Golix’s ICO is in fact been interrupt because banks are said to be banned from processing cryptocurrency proceedings in the country. The head bank particularly ordered Golix to stop crypto services related.
Soon, the exchange is back to business when it obtains a court ruling in result.
Starting June 1, GLX token or also known as Ethereum ERC20 token, is already available according to its token sale site.
“People from respective different countries will be able to buy the GLX token from the exchange using their fiat currencies,” Chui mentioned this. ”The GLX token will be used to buy other Altcoins in the exchange, all this will be done at zero transactions fee.”
Users are free to buy it by bitcoin (BTC) and ethereum (ETH). The GLX token is currently in a price $0.05612.
Author: Kella Pacquiao, Philippines