Hello Stoboxians,
Stobox Exchange Beta is live! We planned to release the exchange in Q1, but it took us more than expected and we have released the public beta last week. Meanwhile Stobox Exchange is in beta mode we are beta testing the correctness of all procedures: Deposit, Withdraw, Order Marching, Trade History, Open Books, etc.
The next update will include: Rewards/Referrals, Notifications, APIs. Once the API is complete we will be able to start connecting to third-party venues and providers. We would start building knowledge about Stobox Exchange.
Meanwhile we work on the exchange, our second tech team focuses on DS Dashboard, first client’s deliveries and development of DS Swap. The latter is the AMM decentralized venue for secondary trading of security tokens. This is our unique product destined for mainly corporate clients who seek tokenization of securities.
Finally, there are plenty of tasks that we are closing: legal framing, operational growth (50+ team members managed online), technical development of several products, financial and long-term planning… Some important completed tasks have been included in this report.
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Important! Please read the following!
As market turns bearish, most of activities on the market shrink. Early DeFi investors close profits creating even more uncertainty. New to market investors seek previous profits, but BTC pushes market below expected fibo levels of correction. Sophisticated crypto investors hide in stable-coin LPs generating some profits away from common impairment loss. Investments into tokenized shares of real businesses is the great alternative that Stobox is revealing to you!
Today, at Stobox we are restructuring our processes and resource allocation to even more focus on real-world tokenization and our STO clients. As we have declared earlier there are 5 companies have already signed for tokenization on DS Dashboard 2.0 (which is about to be released after a global update from previous version 1.4). We expect first client’s STOs to be launched from the first days of September, when global business activity is much higher comparing to August.
Our revenue grew 54% from Q1 to Q2 from STO-related operations, and now we expect to multiply it with increasing number of clients in Q3/Q4. We believe that focus on tokenization of traditional businesses may create a great hedge to traditional crypto assets like Bitcoin or Ethereum.
Meanwhile we are preparing to launch our client’s Security Token Offerings, we welcome all community members to participate in Stobox STO at http://dashboard.stobox.io
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Registration involves identity verification and compliance to Anti-Money-Laundering policies. When you are whitelisted you will be able to participate in Stobox STO. To learn more - please visit https://stobox.io/stbx and watch corresponding video https://www.youtube.com/watch?v=9C8RNhadNIY&t=9s
Please join our Discord Community. We are creating a place where everyone can share thoughts and ask questions about Stobox products and services.
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