Tokenize Xchange (TKX)

Trading

Tokenize Xchange is mainly used as a platform where users can buy, sell, and exchange cryptocurrencies easily. It supports trading for over 60 cryptocurrencies, including its native token TKX.

Token Launchpad

The platform offers a launchpad for new tokens and projects, allowing users to participate in Initial Coin Offerings (ICOs) hosted on Tokenize Xchange.

Utility Token (TKX)

The TKX token is used within the ecosystem for trading, staking, and community governance, giving holders benefits like voting rights and potential rewards.

Asset Tokenization and DeFi

Tokenize Xchange supports tokenization of assets and decentralized finance (DeFi) applications, expanding its use beyond simple trading.

User Experience and Security

The platform focuses on a user-friendly interface and advanced security features, including multi-signature cold storage, to protect users' funds.

Pros

• Easy-to-use interface designed for beginners and experienced traders alike.
• Supports buying cryptocurrencies like Bitcoin and Ethereum with Singapore Dollars (SGD) via Xfers.
• Competitive trading fees (Maker and Taker fees around 0.25%).
• Offers a wide range of cryptocurrencies and trading pairs.
• Integration with TradingView for advanced charting and trading tools.
• Over 100,000 users, showing growing popularity and trust.
• Provides features like staking and earning interest on crypto holdings.
• Multiple payment methods including bank transfer, credit card, and crypto deposits.

Cons

• Withdrawal process can take 1 to 2 days for confirmation.
• The order entry window may be better suited for intermediate or experienced traders, which might be less friendly for complete beginners.
• Limited instant swap or simple fiat-to-crypto conversion features on the main dashboard.
• Mainly focused on the Singapore market, which might limit accessibility for some international users.

Overall, Tokenize Xchange offers a solid, user-friendly platform with competitive fees and useful tools, especially for users in Singapore.

Founders

Tokenize Xchange was founded by Hong Qi Yu, who is also the CEO. He is a blockchain expert and entrepreneur with a background in engineering. Some sources also mention Jimmy Zhong and Michael Cao as founders involved with the Tokenize Xchange token, but Hong Qi Yu is the primary founder of the exchange platform.

Investors in Tokenize Xchange

• Animoca Brands: A major strategic investor known for its involvement in digital entertainment and blockchain projects. Animoca Brands supports Tokenize Xchange through investments and partnerships, including market-making and node validation.

• TRIVE: A venture capital firm that participated in Tokenize Xchange's Series A funding round, contributing to a significant investment phase.

• High-Net-Worth Individuals (HNWIs): Various wealthy private investors have also contributed to Tokenize Xchange's funding rounds.

• Kenanga and Blockchain Coinvestors: Institutional investors involved in funding rounds alongside TRIVE.

• Joseph Koh: The only angel investor publicly noted for Tokenize Xchange.

These investors have helped Tokenize Xchange raise over $23 million across multiple funding rounds.

Halal Status of Tokenize Xchange

Yes, Tokenize Xchange is considered halal because it operates as a digital asset exchange that complies with general Islamic finance principles by avoiding interest (riba) and gambling (maysir). However, users should verify specific tokens and transactions for compliance with their personal beliefs.