EmurgoHK, which is the commercial arm of Cardano (ADA), has raised approximately $22.3 million from the private sale with trading platform IronFX for a new cryptocurrency exchange — IronX, according to Finance Magnates.
Established in 2007, EmurgoHK is a global leader in blockchain technology and the venture builder for the Cardano blockchain protocol and its hugely successful native cryptocurrency, the ADA Coin. Located in Hong Kong,#crypto #cryptoexchange #cryptocurrency #ironx pic.twitter.com/kMudIp5RbM
— IronX Exchange (@IronXExchange) October 28, 2018
It’s reported that IronX will be using IRX token as its native asset, though it’ll also use token ADA for standard pairs.
The future exchange has already obtained a license in Estonia. Further actions for the exchange — to hold public ICO with a $50 million cap. The start of ICO is planned on Thursday and to run until December 15.
Earlier in October, the Founder of Input Output Hong Kong (IOHK), Charles Hoskinson, and CEO of Emurgo, Ken Kodama, required Chairman of the Cardano Foundation, Michael Parsons, resign.
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