Sells out of its native ecosystem token QDX in less than 48 hours.

On what could be tagged as the worst day of crypto this year, African-founded exchange Quidax raised over 7,772 Binance Coin (BNB) from the public sale of its native token, QDX. The crypto market suffered its first major dip in 2021 on May 19, with Bitcoin (BTC) dropping as low as $30,000. Nevertheless, the public sale of QDX sold out in less than 48 hours.

Recently, Quidax announced that it had processed over $3 billion in transaction volume since its launch in 2018, with over 400,000 customers across more than 70 countries. In the announcement, Quidax also shared that a shift from its African-focused strategy to becoming the global home of BEP-20 tokens is coming.

Next steps for Quidax

On Friday, the exchange revealed that QDX will be listed on its platform and on DeFi platform JulSwap starting on May 23, where anyone will be able to trade QDX.

Quidax also unveiled its QDX roadmap, which highlights the next developments within the QDX ecosystem. The announcement included the listing of several tokens including BNB, Dogecoin (DOGE) and Shiba Inu (SHIB).

As part of its roadmap, the first major product in the QDX ecosystem is the QDX Vault, which will enable users to stake their QDX tokens and earn token airdrops from every other token that gets listed on the exchange.

Additionally, an airdrop has been scheduled in June for Quidax and JulSwap community members who hold QDX.

The QDX roadmap also indicates the launch of a self-service listing that will go live in August. This unique feature will serve BEP-20 projects looking to list their tokens on Quidax exchange within 24 hours.

A fast-growing ecosystem 

The Quidax ecosystem continues to grow with partnerships. One of these partnerships is with blockchain analytical firm Chainalysis. Quidax recently revealed that it would be listing Wall Street Games token (WSG). Wall Street Games is one of the biggest blockchain-based gaming platforms, and this partnership shows a commitment toward building a unique ecosystem.

Apart from its instant exchange and order book services, Quidax enables over-the-counter trading for institutions and gives fintech companies the tools to offer cryptocurrency services to their customers through a dedicated plug-and-play API.

About Quidax

Quidax aims to be the home of BEP-20, giving anyone access to tokens on the Binance Smart Chain, as well as popular cryptocurrencies. Apart from instant exchange services, Quidax enables OTC trading and gives fintech companies the tools to offer cryptocurrency services to their customers through a dedicated API. Quidax was officially launched in 2018 and currently has over 400,000 customers in more than 70 countries.


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