Monday, Apr. 15 pukkamex, a cryptocurrency trading platform from Jordan, has revealed a strategic partnership with GoChain, a web3-based blockchain group.
pukkamex is the world’s first leveraged cryptocurrency derivative trading platform to share revenue with token holders via its innovative PUX token. pukkamex is also the only cryptocurrency trading platform to offer Arabic language support.
GoChain is the world’s fastest and most reliable web3-based blockchain protocol and client. GoChain is 10 times more decentralized, 100 times faster, and 1000 times more environmentally friendly than other major blockchain platforms.
Under the partnership, pukkamex will become the first ICO (Initial Coin Offering) to launch a GO-20 token on the GoChain blockchain. GO-20 tokens will be used for the pukkamex ICO, and also for the distribution of revenue to PUX holders. GoChain will provide technical support to assist pukkamex in the creation of smart contracts for its ICO and revenue distribution.
We’re excited to be running our ICO and deploying our revenue distribution contract on GoChain,” said pukkamex CEO Ahmad Sharkatly. “GoChain is one of the fastest, greenest, cheapest and most reputable platforms in the market, with backing from one of the best communities in the cryptosphere. It’s been a pleasure to work with the Go team, and we look forward to great things to come.
pukkamex token economics are carefully designed to maximize value for investors. PUX holders enjoy discounted fees, and an immutable smart contract will automatically distribute a 25% share of gross revenue to PUX holders each week.
We're extremely impressed with the team and the technology that pukkamex brings to the marketplace and to GoChain’s network,” says Ian Alexander, Director of Business Development at GoChain. “The crypto derivatives market has yet to see such a strong company emerge, and the caliber of investors behind the project uniquely positions pukkamex ahead of similar companies.
pukkamex intends to launch its initial MVP in May, with 50,000 users who have already registered on the platform after a highly successful referral campaign. The company’s early private sale continues to attract very strong interest and is selling out quickly after opening early last week. The crowdsale will begin in July and run for a month or until the hardcap is reached.
According to the pukkamex representative, interested parties are encouraged to contact [email protected] to secure a private sale allocation.
The pukkamex white paper provides further detail on the platform’s advanced technology, token economics, and competitive market advantage.