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Home Cryptocurrency

Quidax, an African crypto exchange, raised over $3 million in less than 48 hours on the worst day in crypto

Tech Gist Africa by Tech Gist Africa
05/25/2021
in Cryptocurrency, Fintech, Funding, Innovator of the Week, News - West Africa
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Quidax cryptocurrency

Quidax cryptocurrency

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Quidax, an African-founded exchange, raised over 7,772 BNB from the public sale of its token, QDX, on what could be dubbed the worst day of crypto this year.

On Thursday, May 19, 2021, the crypto market took its first big hit of the year, with Quidax slipping as low as $30,000 from highs of $64,000. Regardless, QDX’s public sale was sold out in less than 48 hours.

Quidax recently revealed that since its launch in 2018, it has handled over $3 billion in transaction volume with over 400,000 customers in over 70 countries.

Quidax also unveiled its QDX roadmap, which highlights the QDX ecosystem’s next steps. Several tokens, including BNB, DOGE, and SHIB, were included in the revelation.

QDX Vault, the first big product in the QDX ecosystem, will allow people to stake their QDX tokens and receive token airdrops from any other token that is listed on the exchange, according to its roadmap.

In addition, in June, a QDX airdrop will be held for Quidax and JulSwap group members who hold QDX.

The QDX roadmap also predicts that a self-service listing will be available in August.

This feature would benefit BEP20 projects that want to list their tokens on Quidax within 24 hours.

Read more on Tech Gist Africa:

Luno, a cryptocurrency exchange, has grown by 300 percent, with $8.3 billion in transactions and over 4 million users from Africa

Revix, a cryptocurrency investment platform based in South Africa, has raised $4.1 million

Bitcoin falls below $40,000 as a result of China’s recent crypto curbs, wiping out $270 billion from the cryptocurrency market

 

 

 

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