SORAIX TOKEN – A DIGITAL ASSET OF SIGNIFICANT VALUE
You would be forgiven to believe cryptocurrencies are any better than fiat currencies. To some extent, the invention of cryptocurrencies has further shown that fiat currencies may still be in dominance for many years, if not decades, after all. Otherwise, how can we explain that the erstwhile plans to launch a “global currency that knows no borders” as championed by cryptocurrencies had finally fallen to the same challenges they wanted to fix? Sadly, digital assets, aka cryptocurrencies haven't successfully created a path for themselves, because they still rely on many fiat currencies like the USD when trading on notable cryptocurrency exchanges.
Such intimacy shouldn’t be encouraged as both currencies are working from different perspectives. Therefore, they ought to break even and work at their pace. That and many other factors are the reasons behind the launch of the SORAIX platform and the underlying asset, the SORAIX Token (SRX).
THE MOVE FOR STABILITY
Stability is one feature that continually misses out in many of the over 2,000 cryptocurrencies in stock. The prices are not only fluctuating, especially after the dwindling fortunes of the crypto market since 2018, but also the circulations of the currencies are too. Cryptocurrencies ought to have a limited supply, which is a perfect way to create scarcity. In the light that such has eluded the cryptocurrency community for long, it became imperative that a platform like SORAIX is here to help fix the problems.
REINVENTING CAPITAL SOURCING
The first working resource of the project is the creation of an Equity Token Offering (ETO), where companies and startups can launch their projects to raise seed capitals. The tokens issued in this instance wouldn’t be the conventional crypto coins, but Equity Tokens. Once the ETO stage is over, the participating companies would have to remit specific portions of their Equity Tokens to the SORAIX exchange. The latter would use the same to peg to a segment of its SORAIX Token (SRX). The pairs would then be listed for trading on the platform for interested investors to buy into it.
When it comes to the impact of the SRX token and the Equity Tokens received by SORAIX as listing fees, it should be noted that the goal is to trigger the growth of the SRX token, just as it enhances the value. Ideally, each of the Equity Tokens the platform (SORAIX) receives at the end of an ETO hosted on the platform is usually equal to $100. On the other hand, the pegging of the same to the SRX token is a dedicated attempt at triggering an influx of investors to purchase the SORAIX Token (SRX) because it is pegged to Equity Tokens that grow over time. Also, buying the SRX token empowers the investors to buy into any company they wish, against the traditional waiting for the stock market to reopen. This time, investors on the SORAIX Token (SRX) can buy into the market provided they hold the Equity Tokens of the company, especially if such a company is trading on the SORAIX exchange.
CONCLUSION
By and large, the value propositions by the SORAIX platform could be feasible because of the interoperability of its token (SRX) with fiat company’s Equity Tokens. In that instance, its investors can always exchange their SRX token for the corresponding Equity Token of the company they wish to invest in. Likewise, the Equity Tokens can be exchanged for the SRX token ahead of the increased values that await the former.
SORAIX is a project that would perform better than its competitors. Besides, the company is headquartered in Switzerland, which also doubles as one of the countries that makes crypto trades easier. So, you can be confident that your investments and rights are legally and technically protected.
USEFUL LINKS
Website: https://soraix.com/
Whitepaper: https://soraix.com/static/whitepaper.pdf
Telegram: https://t.me/soraixico
Twitter: https://twitter.com/Soraix3
Facebook: https://www.facebook.com/soraixteam/
AUTHOR'S DETAILS
Bitcointalk Username: Chomsy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1759759