{"id":9879,"date":"2018-10-31T00:00:00","date_gmt":"2018-10-31T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/10\/31\/cardano-ada-set-to-be-the-base-currency-for-emurgos-new-exchange\/"},"modified":"2018-10-31T00:00:00","modified_gmt":"2018-10-31T00:00:00","slug":"cardano-ada-set-to-be-the-base-currency-for-emurgos-new-exchange","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cardano-ada-set-to-be-the-base-currency-for-emurgos-new-exchange\/","title":{"rendered":"Cardano [ADA] set to be the base currency for Emurgo’s new exchange"},"content":{"rendered":"
One of Cardano’s parent organizations, Emurgo, has announced its plans to partner with IOHK<\/a> <\/strong>to develop a new cryptocurrency exchange with Cardano as the base cryptocurrency. <\/span><\/p>\n The two organizations have reportedly formed a partnership with an online forex platform known as IronFX<\/strong> in an attempt to raise $22.3 million towards building a new exchange expected to commence operations in December, 2018. <\/span><\/p>\n The new exchange, under the name IronX<\/strong><\/a>, will be using an ERC-20 token (IRX<\/strong>) and will be using the ADA token in the standard trading pairs. Just like in other leading exchanges such as Binance, traders with the native token (IRX) will be rewarded with substantial discounts on trading fees in addition to other associated benefits.<\/strong> According to the exchanges presale website, the ICO is set to start on Thursday this week and is expected to run until mid-December with a market cap of about $50 million.<\/span><\/p>\n