Tokens issued by Eidoo (EDO), the multicurrency wallet, hybrid exchange and token sale engine, will be listed on the Bitfinex Bitcoin trading platform, against the pairs’ USD and Bitcoin.
Margin trading for these pairs will be enabled gradually, as the order book develops sufficient liquidity.
EDO will be listed on the Bitfinex exchange with a starting price of USD2.30 as the token sale price. Eidoo is a mobile app to leverage the full potential of digital currencies in one easy to use environment.
As a multicurrency wallet, Eidoo supports Ethereum and all ERC20 tokens automatically, so there is no need for users to set up a new wallet every time.
Following a successful token sale that raised USD27.9 million, Eidoo is accelerating its development road map to integrate a hybrid exchange, a Bitcoin wallet, an Eidoo-branded debit card, and a raft of innovative add-on services that will enable customers the convenience of having a single mobile app where they can buy, sell, convert and spend digital currencies with ease. Built on top of the Ethereum Blockchain, EDO is an ERC20 token necessary for users to pay fees for the services offered in the Eidoo app. The net revenue from all the value-added services linked to the Eidoo app will be collected in EDO tokens by a public auditable smart contract that will divide it as follows: 50 per cent will represent the revenue flow for the companies involved in the Eidoo project providing the added value services; and 50 per cent will be a voucher for the service. The voucher will be deleted from the blockchain after its use, effectively forwarding these tokens in a burn address that doesn’t have a private key from which to move funds.