Ouinex, a crypto exchange under development led by the FX industry veteran Ilies Larbi, has announced a strategic partnership with GDA International, a Web3 investing and capital markets advisory firm supporting early-stage digital asset projects. The partnership came ahead of Ouinex’s initial coin offering (ICO ).
The official press release details that Ouinex will help launch the crypto exchange’s utility token, $OUIX.
Ilies Larbi, Co-Founder and CEO at Ouinex
“GDA has been an invaluable partner in helping bring the $OUIX token to life,” Larbi told Finance Magnates. “Coming from the tradFi space, we needed the invaluable expertise of web3 experts, notably on go-to-market strategies for ICO launches. From creating the fundamentals behind the token to investor relations and growth, GDA has helped build our brand, create new partnerships, and drive traction to the $OUIX token and Ouinex exchange.”
The primary purpose of the utility token would be to provide discounts on trading fees. Further, the exchange will allocate a portion of the tokens to a protection fund to be used as safety for clients’ assets. The token holders can also stake their holdings and will have a voice in decisions relating to products and trading functionalities.
Though the exchange initially planned to launch its ICO in the first quarter of 2023, it is now delayed.
“The reality is we are not in a rush,…
