Golix Company to raise $32 million from the token sale


Golix, a Zimbabwean cryptocurrency Exchange Company recently launched its token trade. The move will enable the company to raise $32 million investment funds. However, the Reserve Bank of Zimbabwe prohibited the banks from trading in cryptocurrency. The circular order banned banks’ cryptocurrency trade within sixty days as from last week Friday. Despite the ban, Golix Company launched its GLX token. The GLX token trade started this week on 14th May 2018. The public will carry out their GLX token transaction through the company website. The online platform is tokensale

According to Nhlalwenhle Ngwenya, the estimated cost per GLX token was $0.05612. He added that customers will use their ethereum (ETH) or bitcoin (BTC) to buy GLX tokens. Golix Company has been encouraging customers across Africa to trade in cryptocurrency. The initiative uses predominant payment channels. Some of them include bank transfers, mobile money, and cash payments. The company planned to expand its operation all over Africa. This will be achieved through revenue generated from the token sale. The company also targets to establish more exchange points across the continent. The exchange terminals will use the local fiat in various regions in Africa.


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Written by Denis Opudo

Am an engineer who's a tech blogger, hit me up on [email protected] and we base our discussion on technology in Africa and the rest of the world.
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