Patex, a blockchain ecosystem for the Latin American market, has announced the upcoming listing of its native token PATEX.
The token, which serves as the principal asset of the Patex Network, will be launched on three prominent decentralized fundraising platforms over the course of one week, starting with WePad on February 27, 2024, followed by DAOMaker, which starts on February 28 and concludes on March 4 and finally by ChainGPT Pad on February 29.
The news marks a significant milestone in the evolution of Patex, offering crypto investors and enthusiasts an exciting opportunity to be part of a rapidly-growing platform.
Ricardo Da Ros, CEO of Patex and former head of Brazil Binance and Crypto.com, said,
“We are excited to welcome investors to Patex. WePad, ChainGPT Pad and DAOMaker are perfect venues for the listing of our native token, and we are excited to expand our user base and broaden our reach as we build a comprehensive crypto hub for users throughout the continent.”
The PATEX token is intricately woven into the fabric of the eponymous ecosystem, and its integration is designed to enhance the utility of various Patex products such as its layer two network and C-Patex trading platform.
Last year, Patex recorded several notable milestones, including the launch of its network testnet, explorer, mainnet and wallet solution.
These advancements coupled with a strategic partnership with Brazilian investment firm Acura Capital saw Patex’s valuation soar to $100 million.
It was subsequently named ‘Best LATAM Blockchain Ecosystem of the Year’ at the Future Innovation Summit in Dubai.
Patex evolved from its predecessor C-Patex, which amassed over 100,000 users, with 20,000 monthly visits and a 30-day trading volume of $10 million.
This transformation into Patex, within which C-Patex will continue as an exchange, marks a new chapter in the team’s commitment to blockchain technology and community engagement.
About Patex
Patex is a blockchain ecosystem offering a range of products and services for users in Latin America.
Backed by Brazilian investment firm Acura Capital, Patex’s suite includes a layer two network, education platform (Patex Campus), SDK, explorer and wallet.
Going forward, Patex has plans to interact with governments on regulation and certification and aims to become the foundation for CBDC in the LATAM region.
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