Crypto – Fiat Ecosystem KRRX Launches Public Sale


Expressing that they are the first digital bank in the world with a global investment, payment and finance ecosystem, Kyrrex has been listing its own token on HitBTC since November 30.

What is Kyrrex?

Kyrrex, a crypto-fiat (traditional money) ecosystem launched in 2018 by Viktor Kochetov and Mykhail Romanenko, has grown into a wide array of products and services. Kyrrex is described as a useful and secure tool for users who work with digital assets on a daily basis. The main product of the platform today is the Kyrrex Crypto Exchange, where various cryptocurrencies are traded.

License: Kyrrex has obtained the highest Digital Financial Asset (VFA) license from the Malta Financial Services Authority (MFSA). Thanks to this license, the company gives users complete assurance that their funds are safe. With its Class 4 VFA license, Kyrrex is able to offer its customers a variety of crypto-related products and offers, such as a trading program, deposit program, crypto payment services, and crypto-to-fiat and fiat-to-crypto transactions.

KRRX Token: KRRX token means different conditions are created for interaction with Kyrrex services and functions, and special benefits are provided for all KRRX holders. The KRRX token is listed on HitBTC as originally stated. In addition, according to the statements made, other agreements with other famous exchanges will be announced for different listings in the near future.

Lock and Release: The platform will lock 30% of tokens for 4 years with subsequent releases and availability on the platform every 6 months.

Use of Funds: Kyrrex will allocate funds raised for ecosystem product development, marketing, legal support for licensing in new territories, and insurance funds. The mentioned categories will be calculated as 45%, 35% and 10%.

In addition to these, the main features of Kyrrex and KRRX can be listed as follows:

Social trading feature: This feature will allow users to follow other traders for a fixed fee. Payment methods will be fiat currencies, cryptocurrencies or KRRX tokens.

Multi-account management: It will include the trading services of a manager or an investor in exchange for a share of the profits.

Referral program: This program will offer various benefits to the user after a user has referred 3 or more relatives to the platform.

Online banking feature: This feature, which is expected to be available in the fourth quarter of 2022, will offer 20% cash and 3% cashback on card transactions. Users who pass the verification on the exchange will receive 20 KRRX tokens.