Torex Launches Torex Initial Exchange Offering (IEO) on ProBit Exchange

Torex has announced its extended trading features policy on November 28, 2019. The main attraction of this policy is the Torex IEO (Initial Exchange Offering), which has been launched on ProBit Exchange.

The other important features include Arbitrage Tool, Price Checker, Price Notification, HODL Tool, Crypto Betting, Copy Trading, and all-inclusive trading application, among several others.

The price of the Torex token (TOR) has been fixed as $1/TOR in the debut round.

Initial Exchange Offering (IEO):

The concept of IEOs in crypto banking is fascinating the crypto traders and ICOs in recent times. This system acts as a mediator between the projects and the contributors where the currency is distributed appropriately through an account. This system has been approved by the major crypto players and seems to have great potential.

IEOs, as a reliable banking system, offer opportunities and convenience for new users. It offers more security, greater transparency, and a robust banking model, which is attracting a new set of users.

Bonuses Offered: 

The first round will offer a 45% bonus for all TOR purchased through ProBit Exchange token (PROB).

The second round will offer 35%, third 25%.

TOR can also be purchased with BTC, XRP, ETH, and USDT currencies.

Bonuses for them will be 35% for 1st round, 25% for second rounds, and 15% for the third round.

TOR available for every round will be limited with 1st round: 100,000 TOR, 2nd round: 200,000 TOR, 3rd round: 500,000 TOR.

Torex Platform: 

The Torex is a multifunctional blockchain exchange platform for crypto trading. It is currently associated with six major exchanges, including Binance, Huobi, Bittrex, and KuCoin, Poloniex, and Bitfinex aims to integrate with more than 23 exchanges in the upcoming year.

Apart from consolidating various exchanges, it offers various analytical tools and coins for trading and is even available on smartphones for smart trading.

Arbitrage Tool:

The Arbitrage Tool at Torex is highly beneficial during the price fluctuations. It offers inter-exchange arbitrage during the difference in price at various exchanges.

The arbitrage tool of Torex has two modes: Automatic & Manual, which make it highly effective for trading. The automatic mode function once set in operates automatically with the help of assistants, whereas the Manual mode helps to search various exchanges and displays price currency pairs to be analyzed and arbitrage windows and thus helps to carry out various functions with the help of an assistant.

The basic platform of Torex is universal and user-friendly. It is available free of charge, and anyone can open an account with minimum complexities.

About ProBit:

ProBit exchange will support the IEOs with several currencies, including the top five cryptocurrencies, various bonus rates, multiple sales round along with several lock-up structures. The funds received through these IEOs will be stored deploying high security for deposits at the ProBit exchange.

ProBit Exchange is a major cryptocurrency exchange that offers high-speed transactions (@1.5 million /sec.), high-level security, and customized user interface.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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