We just concluded Soxax Decentralized social media ICO and raised $6213450 worth in total. Thank for all for supporting the Soxax project.
The Soxax ICO started on the 23rd of April 2018 and ended on the 23rd of May 2018 with which Coinspayments was used as escrow for investors.
During the ICO, many marketing techniques were implemented including adverts, webinars and reach out.
The Soxax community has been able to grow over 10,000 users in one month and currently discussing with major and best cryptocurrency wallets and exchange for a possible listing.
Once the Soxax Coin has been listed on the exchange, withdrawals will be enabled on the Soxax platform which will enable users to withdraw their funds and trade Soxax on various listed exchange sites.
During the Soxax ICO, a major algorithm upgrades made on the SOXAX platform at www.soxax.com. This algorithm is called PROOF-OF-HOLD.
This means, the more Soxax you hold in your Soxax account, the more chances of earning more the Soxax dollars on the platform.
What this means is that any Soxax account with more Soxax balance will earn more for al social activities recorded on the user database.
To take advantage of this algorithm, you can buy more Soxax from exchange site and transfer it to your Soxax account while socializing on the Soxax platform, this will trigger more Soxax dollar rewards for each daily payout.
Accounts with 500,000 Soxax will definitely earn a more Soxax dollar than an account with just 1000 Soxax.
Smart entrepreneurs and businesses can take advantage of this to grow their business by advertising on the Soxax platform, as well as spending the Soxax dollar on the Soxax marketplace. Kindly see Soxax whitepaper and roadmap for more details.
Please see our previous algorithm update post for more details regarding this.
Having raised $over 6 million, which is very close to our hard cap, below is how we intend to spend the money raised from the Soxax ICO.
Servers and tools
Once again, thank you for supporting the Soxax project.
Do invite your friends across other social media platform to join and become part of the movement.