Emirex is excited to announce an IEO (Initial Exchange Offering) partnership with SiliconX, the token used to finance the research and development of innovative technologies in the Oil & Gas Industry and Renewable Energy. With the biggest amount of business and trust established in the Middle East, Emirex is eager to help innovative initiatives and unleash their full potential on the market, for which the exchange will list and promote the SiliconX (SNXT) token. Silicone X (SNXT) tokens will be available for sale in many stages as part of the Emirex Initial Exchange Offering (IEO).
What is SiliconX?
Silicon X FZ is a Limited Liability Company established on September 23, 2019, registered in the United Arab Emirates, operating under License No: 47002592, and headquartered at Business Center RAKEZ Ras Al Khaimah, United Arab Emirates. The main objective of Silicon X (SNXT) is to finance the research and development of innovative technologies in the Oil & Gas Industry and Renewable Energy, Silicon X has entered into a business agreement to aid the research and development of the world's greatest and most promising technologies:
- CoreAll: is a company that specializes in the development of new technological innovations for core drilling of subsurface reservoirs for the oil and gas industries.
- APIteq AS: is a pioneer in sophisticated 360° visual asset management and 3D picture scanning for the oil and energy industries.
Crowdsale funds will be utilized for the continued development, maintenance, advancement, new technology discovery, and global marketing of Silicon X FZ Oil & Gas technologies, as well as intellectual property rights. Silicone X (SNXT) tokens will be available for sale in many stages as part of the Emirex Initial Exchange Offering (IEO). Silicone X (SNXT) tokens will be priced in Emirex and will rise in value with each round. Each round will last one week, and there will be at least a one-week gap between rounds.
Public Offering
Number of tokens outstanding and issued: 80,000,000
Percentage of Public Offering: 20,000,000 tokens (25% of Equity)
Price per token:
- Round 1: $0.10 for 2,000,000 SNXT Tokens
- Round 2: $0.19 for 4,000,000 SNXT Tokens
- Round 3: $0.25 for 6,000,000 SNXT Tokens
- Round 4: $0.48 for 8.000,000 SNXT Tokens
Silicon X Tokens will be assigned to user accounts on the Emirex Exchange Market, a platform for investors and traders that facilitates digital asset exchanges in a simple, fast, compliant, and safe manner. At the time of the Silicon X Snapshot, the total quantity of Silicon X tokens (SNXT) for sale will be equal to 25%; that is 20 million tokens of the total outstanding tokens approved and issued of 80 million SNXT tokens on the Emirex Exchange. Furthermore, Silicon X Tokens will be withheld and distributed automatically to Silicon X holders at a ratio of 1 Silicon X: 1 Silicon X depending on their account balances at the time of the Silicon X Snapshot.
Silicone X (SNXT) tokens will not be traded or transferred across user accounts since they are a controllable currency. The purchase of SNXT currency units will only serve as proof of ownership. A controlled currency was chosen to prohibit transactions from taking place while the token sale is active so that purchasers of SNXT directly contribute to supporting the oil and gas innovative technologies initiative and renewable energy research and development. Holders of SNXT currency units will be able to swap them for other cryptocurrencies as well as conventional currencies such as EUR, USD, and a variety of others.
About Emirex
Emirex is an innovative platform that includes an exchange, and a marketplace where users can exchange any store of value for digital assets. It maintains 24/7 support accompanied by time-proven platform stability that guarantees the safety of assets and data. The team highly values the power of digital assets and strives to make this world a place with more economic freedom through public, open, fair, censorship-resistant networks that serve humanity.
