Bitex is conducting an Initial Coin Offering of its utility token, the Bitex Coin with symbol XBX, to promote the use of the Bitex crypto-banking platform. XBX will be used for access to the services offered by the Bitex platform. After the ICO, the token will be available for purchase from other XBX token holders at Bitex’s exchange as well as other well-known crypto exchanges.
All financial transactions on the EZBitex platform will be fueled by the XBX token. The XBX token is therefore the utility token that allows various stakeholders in the Bitex financial ecosystem to use its offered services.
XBX conforms to the ERC-223 token standard to permit integration with existing wallet and exchange software.