Defi Crypto, A Dubai Cryptocurrency Exchange, Launches ICO with a $25M Vision
Leading Crypto exchange, Defi Crypto, has launched its Initial Coin Offering (ICO) with a $25 million ($ million U.S.) fund target in a bid to revolutionise the sector. Defi aims to become a one-stop platform to help investors get access to and safely manage digital currency assets. The platform is led by CEO and Co-founder Sachin Sethi, who has more than 18 years of experience in the finance sector.
Sethi, who led Dubai’s top-tier bank Emirates NBD’s emerging markets investment banking team, and has successfully exited 10 investments over the past few years, believes that cryptocurrency technology has a huge upside potential. Defi’s vision is to build a leading exchange, a pre-ICO and a post-ICO to reach out to the large-scale investors.
The vision of Defi Crypto, according to Sethi, is to build a world-class digital asset exchange platform which will enable investors to access, trade, store and secure digital currency assets easily and safely. The pre-ICO, the first stage of the project, will see them introduce a number of digital assets and tokens and continue to build a strong community of investors before the ICO.
The pre-ICO, which will run until the end of February, will be open to investors from all over the world. The ICO, which is scheduled to start on April 2, 2019, will be open to investors from all over the world and will also enable all investors, irrespective of their location, to participate in the funding rounds. According to Sethi, the development is part of a rigorous planning to create a strong community of the investors in every phase of the project.
“Defi Crypto will be the first virtual asset exchange to empower investors to directly exchange crypto assets with fiat. Since crypto assets can be transferred digitally without any third-party interference, they are ideally suited to present a competitive trading platform. The fiat-to-crypto exchange will allow crypto assets, including ether, bitcoin, Lisk, Zcash and many more, to be traded for fiat,” said Sethi.
According to the ICO’s whitepaper, the market size of the digital asset exchange will be to the tune of $200 billion annually, and a $25 million target fund-raising target has been set in order to achieve this target. The platform will be built on a secure and fully scalable technology.
