Damex Token price

DAMEX

#2857

The DAMEX token was created by parent company Digital Asset Management Ltd. Also known as DAM Ltd, our parent company was one of the first of fourteen companies in Gibraltar to receive this prestigious Distributed Ledger Technology licence from the Gibraltar Financial Services Commission.

DAM Ltd is approved to offer crypto custodianship and broker/dealer services as a financial institution. DAMEX token will be issued and sold by Damex Ltd, a subsidiary of DAM Ltd.

The project has over 65 employees based globally with the head office based in Gibraltar.

Damex Token (DAMEX) stands out in the cryptocurrency landscape with its innovative approach to digital finance. Launched in April 2023 by Digital Asset Management Ltd., Damex Token integrates a gamified experience into its financial application, blending health and wealth incentives. Users are encouraged to improve their physical activity through a move-to-earn model, where hitting step milestones can earn them DAMEX tokens. This hybrid model also includes a spend-to-earn component, allowing users to top up their crypto wallets or IBANs and spend via a VISA-approved debit card.

The total supply of DAMEX tokens is capped at 370,000,000, ensuring a controlled and finite distribution. The parent company, Digital Asset Management Ltd., holds a prestigious Distributed Ledger Technology license from the Gibraltar Financial Services Commission, underscoring its credibility and regulatory compliance. The company offers crypto custodianship and broker/dealer services, further enhancing its financial ecosystem.

DAMEX is available for trading on multiple exchanges, including MEXC, BitMart, Coinstore, Tidex, and Uniswap. The token has also seen significant events such as token buybacks and burns, which can influence its market dynamics. The Damex.io application not only facilitates crypto trading but also integrates features like topping up wallets and spending through debit cards, making it a versatile tool for users.

The Damex Token (DAMEX) operates on a sophisticated blockchain technology that integrates a hybrid move-to-earn and spend-to-earn model. This model encourages users to engage in physical activities and financial transactions, rewarding them with DAMEX tokens. The blockchain behind Damex Token is designed to ensure secure and efficient transactions, leveraging the principles of decentralization and cryptographic security.

The blockchain technology underpinning Damex Token employs a distributed ledger system, which means that transaction data is stored across multiple nodes or computers. This decentralized approach ensures that no single entity has control over the entire network, making it resistant to attacks and manipulation. Each transaction is verified by multiple nodes through a consensus mechanism, which could be Proof of Work (PoW) or Proof of Stake (PoS), ensuring that only legitimate transactions are added to the blockchain.

To prevent attacks from bad actors, the blockchain uses cryptographic techniques. Each transaction is encrypted and linked to the previous transaction through a cryptographic hash, forming a chain of blocks. This makes it nearly impossible to alter any information without changing all subsequent blocks, which would require consensus from the majority of the network. Additionally, the use of public and private keys ensures that only authorized users can initiate transactions, adding another layer of security.

Damex Token is authorized by the Gibraltar Financial Services Commission, which adds a level of regulatory oversight and trust. The token can be used within the Damex system for various purposes, including transactions, staking, and earning rewards. Users can pay for services in the Damex app, earn rewards by hitting step milestones, and participate in governance decisions, giving them a say in how the system is run.

The token was created by Digital Asset Management Ltd (DAM Ltd), one of the first companies in Gibraltar to receive a Distributed Ledger Technology license. This license allows DAM Ltd to offer crypto custodianship and broker/dealer services, ensuring that the Damex Token operates within a regulated framework. The project has a global team of over 65 employees, with the head office based in Gibraltar.

Damex Token has a total supply of 370,000,000 tokens and is listed on various exchanges such as MEXC, BitMart, Coinstore, Tidex, and Uniswap. This wide availability ensures liquidity and accessibility for users who wish to trade or invest in the token. The Damex app also allows users to top up their crypto wallets or IBANs, spend on VISA-approved debit cards, and engage in crypto trading, making it a versatile tool for managing digital assets.

Partnerships with companies like Modulr Finance B.V. further enhance the functionality and reach of the Damex ecosystem. These partnerships enable seamless integration with traditional financial systems, allowing users to bridge the gap between fiat and cryptocurrency. The Damex app gamifies the digital asset finance experience, making it engaging and rewarding for users to improve both their health and wealth.

The technology behind Damex Token is not just about transactions and security; it also focuses on user engagement and real-world utility. By incentivizing physical activity and financial transactions, the Damex ecosystem aims to create a holistic experience that benefits users in multiple ways.

Damex Token (DAMEX) offers a range of real-world applications that cater to both financial and lifestyle needs. Launched in April 2023 by a team based in Gibraltar, DAMEX is designed to gamify the digital asset finance experience. One of its standout features is the hybrid "move-to-earn" and "spend-to-earn" model, which incentivizes users to improve their health and wealth. By hitting step milestones, users can earn DAMEX tokens, blending physical activity with financial rewards.

The Damex application allows users to top up their crypto wallets or IBAN accounts, which can then be used to spend on a VISA-approved debit card. This card enables users to make purchases using their DAMEX tokens, bridging the gap between cryptocurrency and traditional fiat currencies. Additionally, the token can be used for crypto trading, providing a versatile financial tool within the Damex ecosystem.

DAMEX also plays a role in governance, allowing token holders to participate in decision-making processes within the system. This democratic approach ensures that users have a say in the future development and direction of the platform.

The token is listed on several cryptocurrency exchanges, making it accessible for trading and investment. The parent company, Digital Asset Management Ltd (DAM Ltd), holds a prestigious Distributed Ledger Technology license from the Gibraltar Financial Services Commission, enabling it to offer crypto custodianship and broker/dealer services. This regulatory approval adds a layer of trust and security for users engaging with the Damex ecosystem.

In summary, Damex Token integrates financial services with lifestyle incentives, offering a unique blend of health and wealth improvement opportunities. Its applications range from earning rewards through physical activity to spending on everyday purchases, all while maintaining a strong presence in the cryptocurrency market.

Damex Token (DAMEX) emerged as a notable player in the cryptocurrency landscape with its launch in April 2023. The token was introduced by Digital Asset Management Ltd, a company headquartered in Gibraltar and recognized for its Distributed Ledger Technology license from the Gibraltar Financial Services Commission. This launch marked the beginning of a series of strategic moves aimed at establishing DAMEX in the digital asset space.

The token's launch was accompanied by a total supply of 370,000,000 tokens, setting the stage for its entry into the market. Shortly after its introduction, DAMEX was listed on several prominent exchanges, including MEXC, BitMart, Coinstore, Tidex, and Uniswap. These listings significantly increased the token's accessibility and trading volume, allowing a broader audience to engage with it.

In addition to its exchange listings, Damex Token has been actively pursuing partnerships to enhance its ecosystem. Notably, it formed collaborations with Verasity and Poundtoken, aiming to expand its service offerings and integrate more functionalities into its platform. These partnerships are part of a broader strategy to create a comprehensive digital asset finance application experience.

The Damex.io application, which integrates the DAMEX token, adopts a hybrid move-to-earn and spend-to-earn model. This innovative approach incentivizes users to improve their health and financial well-being by rewarding them with DAMEX tokens for achieving step milestones. Users can then utilize these tokens for various purposes, such as topping up their crypto wallets, making IBAN transfers, or spending on VISA-approved debit cards.

The parent company, Digital Asset Management Ltd, has a global presence with over 65 employees. This extensive network supports the development and expansion of the Damex ecosystem, ensuring that the token and its associated services continue to evolve and meet the needs of the market.

Damex Token's journey has been marked by strategic listings, impactful partnerships, and a unique application model that combines health and financial incentives. These key events have positioned DAMEX as a noteworthy contender in the cryptocurrency space, driven by a vision to integrate digital assets into everyday life.