Bittrex International partners with Vodi X on IEO

(source: Unsplash/Austin Distel)

Bittrex International’s digital asset trading platform will host the upcoming Initial Exchange Offering (IEO) of Vodi X tokens, under a partnership the two entities have entered into, according to a press statement sent to Business Malta.

The IEO will officially start at 14:00 GMT on Tuesday, 21 May, and end at 14:00 GMT on May 22, 2019 unless sale supply is reached. Vodi X will be listed on Bittrex International on May 22, 2019 at 17:00 GMT, according to the press release.

Authorised Bittrex International users will be able to purchase VDX tokens using bitcoin (BTC) directly on Bittrex International, a digital asset platform based in Malta. In preparation for the IEO, Vodi X completed an evaluation process that included technical, compliance and regulatory reviews, the press statement says.

“We are excited to partner with Vodi X on their IEO on Bittrex International. The funds raised will help them build out their smart contract technology and operations for a series of innovative use cases,” said Bill Shihara of Bittrex International. “Incubating projects like Vodi X is why we started Bittrex International in the first place and why the IEO platform is such a promising development in the blockchain industry. We look forward to this partnership and introducing our user base to Vodi X along with other exciting projects driving the blockchain revolution to the next level,” he added.

The mentioned improvements will be built around their existing infrastructure of over five million existing Vodi users in over 200 countries worldwide.

Vodi X says it is seeking to overhaul the micro-work industry by positioning their project on the blockchain. Job creation is particularly important for Vodi X, the firm says. Strategically positioned on the blockchain, with the leveraging of smart contacts, Vodi X hopes to foster equal wealth distribution.

Bittrex International operates a digital asset platform built on own technology. Their mission is to be “a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world”. Their international trading platform operates within the regulatory framework established by the European Union and Maltese Government, including the Malta Virtual Financial Assets Act. The company will apply to the Malta Financial Services Authority (MFSA) to become a regulated Virtual Financial Asset exchange.