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South Korean Exchange Zeniex to issue the world's first
fund-type token ZXG
ZXG is an ERC20 based token that will be available to public from Sept 12th, with total fund of 1,000 ETH (1 year maturity basis).
Users will receive ETH and coins of invested ICO corresponding to their token holdings.
At the expiration of the fund, the entire
ZXG tokens will be incinerated when the fund is redeemed.
Zeniex will invest about 80% of funds in the ICO project. To this end, we are going to find promising ICO projects led by Genesis Capital, a Chinese VC specialist.
Zeniex CEO Will Choi about Zeniex token:
“If the first ZXG fund round will be successful, 2nd and 3rd rounds will present a new paradigm to domestic and overseas crypto markets through the activation of the fund-type exchange tokens.Cryptocurrency exchange Zeniex established by a group of financial and security experts from South Korea and China has been launched on May 8th, 2018.
CCN about Zeniex "Zeniex, an exchange which received investment from China’s largest internet security company Qihoo 360 and is connected to Bishije and Jinse Chaijing crypto/blockchain media outlets, is now based in Korea."
https://www.ccn.com/a-big-threat-to-korean-exchanges-chinese-capital-floods-korean-crypto-markets/Website:
https://www.zeniex.comTwitter:
https://twitter.com/ZeniEXchangeBlog (kor.):
https://blog.naver.com/zeniexBitcointalk:
https://bitcointalksearch.org/topic/m.39111069Zeniex - Promoting sound crypto investment environment