What is EQO Token?
EQO “EQO” (patent pending) is the origin token of the EQONEX exchange “EQONEX”. EQO is the first token issued by EQONEX Group [Nasdaq: EQOS]. EQO was launched in April 2021 under the name EQUOS Origin. The EQONEX exchange was formerly known as EQUOS.
EQO can only be earned by trading or staking on the exchange. EQO will have five key utilities:
Enhanced Interest Rates
Reduced Trading Fees
Why is EQONEX launching EQO?
From a compliant, secure, fair, and equitable perspective, the EQONEX platform is already leading the industry. However, a key component for institutional clients and traders is having deep liquidity and consistently growing volumes.
EQONEX continues to build partnerships with some of the world’s leading liquidity providers and will continue to incentivise increasing depth to the markets provided on EQONEX in a compliant and fair manner.
EQO is being issued specifically to drive activity, volume, and balances on the platform. It has been carefully designed to incentivise traders for trading and holders for holding and bringing balances to the platform.
Unlike most token offerings, EQO will have utility within an already fully functioning exchange and is not being offered for sale to raise capital. Instead, EQO can only be earned by trading on or ‘staking’ on the exchange.
EQO is built as an ERC-20 compatible token on the Ethereum blockchain.
For further assistance or more information, please contact our Customer Support team via firstname.lastname@example.org or click on the chat widget at the bottom right-hand side of the EQONEX page.