Izx Is Opening The Door To Cryptocurrencies To World By Appealing To Gamers
Izetex is an up and coming company that single-handedly has successfully incentivized the use of digital currencies around the world in a short time using gaming as their main draw. They currently house 38,000 users in 80 countries through a mobile app based on Blockchain Technology. The big question that instantly comes to mind is: How do they do it?
The basic idea is actually not that hard to grasp if we take a moment to look at recent technological developments. Augmented reality seems to be the new trend that is here to stay since every social network is adding the feature in their coding. Some mobile video games have started to offer their own spin on the technology by dipping their toes into interactive features. IZX is planning for a wider reach with actual rewards that offer benefits to players, advertisers, and developers.
How does IZX works?
The IZX platform works with a system akin to the one laid out years ago by chain stores that offered coupons and loyalty programs. The catch this time is a very differently: IZX has developed a token that can be bought by developers and advertisers to offer them through open gameplay. These token can be collected by players to be stored, traded or used in real-world transactions.
How IZX has achieved all this?
So far the company has managed to fulfill their projected roadmap. The BETA version of the platform has been tested since July of 2017 on Android OS using a selected audience. The project was made public in August of the same year gathering positive attention on their trials with certain established business such as fast food restaurants and certain convenience stores. In October the company created the technology to offer ad providers support to create the first reward campaigns.
How IZX is financing this plan of action?
IZX offered their first Pre-ICO sell on November of 2017 and closed in the same month after all the issued tokens for the campaign sold out; they are currently undergoing a Pre-sale that is meant to end in February of 2018. The company has issued 50 million tokens, and they have a specific plan of distribution that is lined out as it follows:
- 25 million units of IZX will be offered in the crowdsale
- 6, 5 million will be kept and distributed among the founders
- 7,5 million will be used for development and expansion of the IZX platform
- 8 million units of IZX will be distributed as an incentive to advisors and early investors
- 3 million will be used as bounties
IZX has a planned cap of $10 million to be considered successful, but the true goal lies with the hard cap located on $24 million. The company has no plans to issue new emissions of the ICO after the sale. The unsold pieces of the currency will be disposed of. To learn more about the way IZX works and how they want to make their platform accessible and profitable for everyone you can check https://ico.izx.io/
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