Las Vegas, NV, July 22, 2019 – AXEL, the innovative team that successfully launched its blockchain-powered AXEL.Network, announces an Initial Exchange Offering (IEO) with ProBit Digital Asset Exchange as the latest development in its comprehensive AXEL ecosystem. AXEL selected ProBit for this strategic partnership, given their deep experience in the blockchain technology industry. The IEO, which start August 12th, 2019, will provide AXEL.Network with valuable exposure to drive user engagement and AXEL Token purchase activity on ProBit’s Exchange, while expanding the network globally. The IEO model, provides significant benefits to help structure and safeguard the AXEL.Network decentralized platform, as it’s governed by a “crypto exchange” (ProBit) on behalf of the “company sponsor” (AXEL) seeking to raise funds with newly issued tokens – in this case, AXEL Tokens.
“This partnership between AXEL and ProBit is very exciting for us, as it offers exposure to an entirely new group of users. It also allows for the access and stability of AXEL.Network, to help us drive the next phase of growth,” says Tony Tan, Chairman and CEO of AXEL. “We chose to partner with ProBit, because they share our core values as a company, and our vision for future developments of this very important decentralized project.”
ProbitExchange is one of the fastest-growing exchanges in all of Asia, and additionally, with the ability to process over 1.5 million orders per second, is one of the fastest-operating platforms in the world. Dozens of the top digital currencies are listed on Probit, and the AXEL team is honored to soon join that exclusive list.
There are also added security measures already built in this strategy – the partnership of ProBit and AXEL illustrates to the user community a valuable endorsement and credibility factor about the project, since both partners have conducted extensive due diligence before teaming up. Also, because the token sale is conducted on the exchange’s platform with listing fees paid by the company sponsor, the exchange is motivated to help drive visibility and increase token sales.
Unlike an ICO (Initial Coin Offering), AXEL.Network IEO participants don’t need to send their monetary contributions to a smart contract, but instead will create an account on ProBit’s exchange and fund their AXEL Wallets with AXEL Tokens, to exchange goods and services directly with their peers on the network.
Most recently, AXEL reached several key milestones including an exclusive Masternode Pre-Sale Event which allowed the AXEL community the chance to sign on early to the AXEL.Network; the launch of AXEL IPFS Pinning Facility, which secured hundreds of sign ups and thousands of pins globally in only a few weeks; AXEL.Walletgoing live on the platform with desktop, web and mobile wallets available; the partnership with KABN to implement a Blockchain Verification User Platform (“BVUP”), increasing security levels for existing and new users with a verification and non-private attribute whitelist; and being awarded four new patents this past year, with several more pending.
Additional Translations of this Press Release:
AXEL is committed to providing users with true ownership over their data with dynamic, easy-to-use technology solutions
for file sharing, access, security and privacy, transfer, streaming and integration, from one secure platform.The company launched AXEL.Network, a global decentralized network to help foster the movement from centralized to decentralized computing — the next-generation internet.
With operations in North America, Asia and Europe, the company’s veteran 100+ member team built a suite of proprietary software products already used by millions of people globally, with patented technology and a user-friendly app that works across Windows, Mac, iOS and Android. The AXEL platform allows users to link digital content across all of their devices, without using a third-party.
Details the AXEL IEO on ProBit – https://support.probit.com/hc/en-us/articles/360031152871-AXEL-Network-AXEL-will-launch-IEO-with-ProBit-Exchange
Jeremy Forsberg, CMO, AXEL
Roberta Tsang, RTPR