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MoonX - World's First Collective Ownership Exchange Raises US$ 27M in a Flash


MoonX - World's First Collective Ownership Exchange Raises US$ 27M in a Flash

PR Newswire

LONDON, July 26, 2018 /PRNewswire/ --

MoonX Logo

MoonX, a decentralized ownership crypto exchange, offers investors, contributors, and traders a unique exchange platform that allows members to collectively participate and contribute, and in turn be rewarded with Moon Money (MM) equivalent to shares and voting rights within the company. MoonX has been backed by BCH Angel Fund, and funded by IDG, BITMAIN, and Fission Capital (backed by Shenobo of Fenbushi). Other investors include NGC (Neo Global Capital), Node Capital, DHVC, Pre Angel, Linear VC, Du Capital, and 20 more.

"A true first in the crypto world. An exchange that benefits the entire crypto market, being decentralized and 'not-for-profit'. It's great to see the launch of a true socially scalable product that changes perspective and eventually is in the service of the entire planet," said Dakongyi – Founder Du Capital and one of the largest holders of crypto assets in the world.

MoonX was conceived with the purpose of turning around traditional for-profit, centralised exchanges who made money from the end users through a revolutionary Coin mechanism with zero commission fees for users and community members.

"A tremendous feat in working on a Nano Second Matching Engine. Truly something that was traditionally achieved using hardware. Seeing these budding entrepreneurs achieving significantly more with software intervention makes the new-world go many notches higher in creativity and scalability with available tech expertise and vision," said Craig Peterson – Co-Founder & GM Intel Microelectronics and co-inventor of the world's first supercomputer.

"Our brand is about creating a decentralized economy by not charging fees but providing members with Moon Money equivalent to shares within the company. We are doing away with employer-employee and customer-business owner relationships to create a more peer-to-peer, equal relationship, offering our co-owners the fastest and most secure exchange technology verified by independent third-party experts," says Dr. Nithin Palavalli, MoonX Chief Executive .

MoonX Financial Controller Tony Lee adds, "We want to use our crypto exchange and revolutionary Coin mechanisms as a transaction hub for all crypto assets, benefiting other Coins and enabling more people to trade. The aim is to benefit society and solve existing, real-world social problems, including income inequality."

"Another success definitely in the making. The technology, social philosophy, and the nobler intentions are apparent. Absolutely decentralized platform created and managed by the family or community of investors and users," said Arvind Prakash Singh, UC Berkeley Graduate – Founder of Furdo.

The exchange's vision addresses other gaps in the current crypto trading landscape by using more evolved technologies compared to those of traditional stocks and futures exchanges, including providing a more open and trustworthy platform to facilitate crypto asset transactions and liquidity, 24/7 support, and financial products such as margin trading, futures, and other derivatives.

Media Contact::
Brian Anand Soans
Designation: MoonX Evangelist

Dr. Nithin Palavalli and Tony Lee ( Founders of Moonx) .

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