The Roxom project is preparing to launch a Bitcoin-priced stock exchange, expected to operate from September 2024.
This exchange will apply the principle of global value storage without the need for permission from the Bitcoin white paper, allowing direct buying and selling of stocks from organizations that hold a lot of Bitcoin, such as Strategy and Metaplanet.
MAIN CONTENT
Roxom launches a Bitcoin-priced stock exchange, exploiting the philosophy of global value storage.
The project raised $17.9 million in early 2024 and is building its own Bitcoin reserve fund.
Currently, the project holds over 84 Bitcoin and plans to expand by 30 Bitcoin, with a reserve value of nearly $13.5 million.
How does Roxom's Bitcoin-priced exchange work?
The CEO of Roxom asserts that the exchange will apply knowledge from the Bitcoin white paper to create a global securities trading platform, without the need for approval from traditional intermediaries.
The exchange allows direct trading of stocks from organizations holding large amounts of Bitcoin such as Strategy and Metaplanet, helping investors access digital assets without converting to fiat currency or going through complex brokers.
Our exchange will be the first concrete step in turning Bitcoin into a global value storage and trading tool, in line with the spirit of Satoshi Nakamoto's white paper.
Michael Chen, CEO of Roxom, July 2024
How much capital has Roxom raised and how has it built its Bitcoin reserves?
In the funding round at the beginning of 2024, Roxom received $17.9 million from Draper Associates and other reputable financial institutions, aimed at building an independent Bitcoin reserve fund.
By May 2024, the project owns 84.72 BTC and plans to add another 30 BTC to raise the reserve value to nearly $13.5 million, reaffirming its commitment to sustainable and transparent development.
What are the investment benefits of participating in Roxom's Bitcoin-priced stock exchange?
Investors have direct access to the stocks of companies holding large amounts of Bitcoin, minimizing the risks of exchange rate volatility and the complex conversion procedures typically found in traditional financial markets.
This opens up opportunities for diversifying an investment portfolio based on Bitcoin while maintaining convenience, speed, and transparency according to Blockchain standards.
What is the current state of Roxom's Bitcoin reserves and future direction?
According to the May 2024 report, Roxom's Bitcoin reserve fund currently holds 84.72 BTC and is expected to increase to 114.72 BTC in the near future, equivalent to a value of nearly $13.5 million at current exchange rates.
This strategy helps the project establish a DeFi platform with liquidity and stable value, meeting the growing demand from cryptocurrency investors.
Increasing Bitcoin reserves not only strengthens Roxom's financial position but also contributes to the development of the global cryptocurrency market.
Sarah Lopez, Blockchain Finance Expert, June 2024
Frequently Asked Questions
When will the Roxom exchange start operating?
Roxom is expected to officially launch the exchange from September 2024.Do investors need to convert Bitcoin to fiat currency?
No, the exchange allows direct trading using Bitcoin without the need for conversion.What is the current volume of Roxom's Bitcoin reserves?
As of May 2024, Roxom holds approximately 84.72 Bitcoin and plans to increase by an additional 30 Bitcoin.How much capital has the project raised?
Roxom successfully raised $17.9 million from reputable investors at the beginning of 2024.Who are the main beneficiaries of this exchange?
Investors want to buy and sell stocks linked to Bitcoin without intermediaries or converting fiat currency.
Source: https://tintucbitcoin.com/bitcoin-roxom-ra-mat-san-co-phieu-bitcoin/
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