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MyEG’s Blockchain Infra Zetrix To Issue Crypto
MyEG Services Bhd’s blockchain developer Zetrix is set to launch an initial exchange offering (IEO) on cryptocurrency exchange Coinstore from October 18 to 26, with Zetrix tokens ZTX listed on Coinstore on October 28. The IEO will allocate up to one million ZTX at 5.00 USDT per token, raising five million USDT, or US$1 (RM4.72) per token, in the exercise, which refers to cryptocurrency stablecoin Tether.
Zetrix aims to be a blockchain gateway for global trade, utilizing Web3 services like Blockchain-based Identifiers and Verifiable Credentials. Its decentralized application, ZTrade, offers a faster and seamless cross-border trading experience for exporters to China by digitizing their certificate of origin, which meets the requirements of the General Administration of Customs of the People’s Republic of China.
(With inputs from Shikha Singh)
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