MoonX a cryptocurrency platform based in Switzerland is planning to launch a decentralized non-profit trading platform. And through this platform will reach more Indian traders.
According to IndiaTimes, The company will hold a development center in Indian leading cities like Bengaluru and Kerala. Also abroad, they will have in Bejing and London.
Nithin Palavalli, Founding chief executive of the MoonX said, Their platform will allow members to participate and contribute and they will receive moon money. Members will get equality share and voting rights in the company and thus they can be part of the MoonX family.
MoonX is said to charge lowest transactional fees and they have the fastest exchange then the rest of the market mentioned Palavalli.
MoonX has been started by a group of investment banking experts and it has gained funding of $ 29 Million. The company also plans to use blockchain technology for several other sectors like agriculture, healthcare, education, food.
Tony Lee founding chief controller at MoonX said the platform is expecting to grow rapidly in one year. And is projected to have around 5 million customers across the world.
The Firm’s future plan is to trade with treasury bills, foreign exchange, and commodities. This way they can reach a large number of traders and financial institutions.