As the world continues to embrace digital assets and decentralization, it’s no surprise that digital asset management platforms are becoming increasingly popular. And in this fast-evolving space, one name that is making waves is the Damex.
This innovative platform was born out of the passion of three individuals who stumbled upon Bitcoin and recognized its potential for financial freedom, mass adoption, and financial inclusion. Driven by their values, they quit their jobs and poured all their efforts into creating a tool that would make cryptocurrency accessible to everyone. They were convinced that everyone should have access to a decentralized financial system that was not controlled by any government or financial institution.
But they also realized that there were many barriers to entry for people who wanted to get involved in cryptocurrency. The process of exchanging fiat currency for crypto was complicated and time-consuming, and many people didn’t know where to start.
That’s when they decided to take matters into their own hands. They quit their jobs and started working on a solution that would make it easy for people to exchange crypto for fiat currency and vice versa.
The company grew to 65 people, has over 750+ OTC clients and generated over $2.4 billion OTC volume in the last 24 months.
Recently Damex launched its retail app in addition to its business product. Currently the app is available in the UK&EEA and already got over 10 thousand users.
Features of Damex App
The Damex App is a revolutionary digital asset management platform that offers a range of features and services, including digital asset exchange, custody, traditional payment features, and an inbuilt move-to-earn gamification layer. With the Damex App, users can easily manage their digital assets, make payments, and earn rewards. In addition, users can get Crypto Visa Cards and make purchases with their crypto.
One of the most exciting features of the Damex App is its move-to-earn gamification layer. Through this layer, users can earn rewards for adopting a healthier and more active lifestyle. There are steps or challenges that users need to accomplish in order to earn rewards, such as cash back incentives, refer-a-friend bonuses, NFTs, and discounts on trade fees.
Damex, a fintech company, launching a finance app with gamification features is an interesting development in the world of personal finance. The app’s gamification features are designed to make managing personal finances more engaging and interactive for users, potentially increasing financial literacy and promoting better financial habits.
Gamification is the process of using game mechanics and design elements to make non-game activities more fun and engaging. In the context of personal finance, gamification can be used to encourage users to save more money, track their spending, and make smarter financial decisions.
The finance app developed by Damex includes a range of gamification features such as points systems, badges, leaderboards, and rewards for completing certain tasks or achieving specific financial goals. These features can be used to incentivize users to engage more with the app and take greater control over their finances.
In addition to the gamification features, the finance app launched by Damex includes a range of other tools and features to help users manage their finances more effectively. These include budgeting tools, expense tracking, investment management, and financial planning.
Digital Asset Management Limited (“Damex” or “Damex.io”), a Distributed Ledger Technology provider in Gibraltar, recently announced the launch of its utility token, the Damex Token ($DAMEX), which can be used within the Damex App along with other non-fungible tokens (NFTs) to earn rewards. The total supply is 370 million Damex Tokens, and it’s used to incentivize and reward users by giving them access to exclusive features and services.
The Damex Token is scheduled to have its Initial Exchange Offering (IEO) on April 19, 2023, on Coinstore and Bitmart. This presents a great opportunity for investors to buy into a promising digital asset management platform that has a 5-year track record, over $2.4 billion OTC volume in the last 24 months, 750+ Damex OTC clients, and has been profitable with positive EBITDA for over two years.
