DLT licensed platform Damex .io announces token IEO launch and Smart App Sponsored
is a digital asset platform that uses NFTs and $DAMEX tokens to reward all users for being healthy and active. Damex has developed a smart finance app with a gamification layer to increase participation and promote healthy goals. The app is already available in the UK and EEA and will launch the $DAMEX token utility following the Damex IEO presale which starts on April 19th, 2023.
With the new EU legislation digital service providers with DLT licenses will have the edge over those that do not. Damex is only one of 14 companies in the world with a Gibraltar DLT license, which means that the company can offer trading and custody of DLT assets. Damex also has an established client base of 750 different companies, is fully regulated by Gibraltar GFSC, and is currently overseeing $120 Million USD in trading volume per month.
Inspired by the Covid-19 lockdowns Damex started developing a smart finance app in 2022 that promotes a healthier, more active lifestyle. The app also uses non-fungible tokens and Damex’s proprietary $DAMEX token to make digital asset finance more accessible and engaging through gamifying user experiences.features include cross-border remittance, a Visa Card Program, OTC desk services, and cold storage for crypto wallets.
One huge upcoming feature is that Non-Custodial Wallets will come with improved rates for users who complete step challenges. In keeping with the company’s focus on health, another future app feature will be both life and health insurance features again with cheaper rates for those who complete the in-app challenges.
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