INX Limited Plans Major IPO: A New Era for Crypto Trading

The Big Ticket: INX Limited’s IPO Plans

Gibraltar-based startup INX Limited is stacking its chips high, aiming to raise between $5 million and a whopping $130 million through an initial public offering (IPO). As per their filing with the United States Securities and Exchange Commission (SEC), this offers a new beacon for investors in the choppy seas of blockchain and cryptocurrency.

Token Talk: A Close-Up on INX Tokens

With plans to release 130 million INX tokens for this IPO, participating investors will need to ante up a minimum of $1,000. This isn’t your typical fare—these tokens represent a regulated platform for trading cryptocurrency and an alternative system for security tokens. The allure, however, comes laced with the cautionary whispers of the SEC’s heightened scrutiny of ICOs looking a tad shady.

Investment Minimum: $1,000
Max Fundraising Target: $130 million
Total Tokens Offered: 130 million INX tokens

The $5 Million Safety Net

Not all high-flying plans lead to takeoff. INX has declared they won’t proceed with the token sale unless they net at least $5 million within the first year. It seems they’re setting what could be seen as a ‘hurdle rate’ for venture-worthy investments in this crypto rollercoaster. Interested parties can pay with Bitcoin (BTC) or Ether (ETH), the exchange rates tethered to Brave New Coin’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX). What’s better? A whole ecosystem is being designed around this trading landscape!

Future Forward: What INX Has in Store

As part of their strategic roadmap, INX is gearing up to launch trading platforms coupled with a security token, courtesy of their subsidiaries. Anticipations are soaring, with plans to acquire money transmitter licenses to operate in eight U.S. states by the end of 2019. They’re also looking to branch into the derivatives market with futures options and swaps. Fingers crossed they don’t pull a Longfin.

IPO Opinions: Who’s in Favor?

The cryptocurrency community is decidedly torn on the monumental task of launching an IPO. Take the case of Canaan Creative, which made headlines with its own $200 million IPO request. This shake-up has stirred conversations about the feasibility and regulation of crypto-related IPOs, especially in light of recent SEC actions against firms like Longfin Corp, which allegedly inflated revenue numbers to secure Nasdaq standing. Let’s hope INX doesn’t follow suit!