Token Buyback Program - Another Milestone Initiative By Trade.io

samminator (74)in #tradeio • 5 years ago (edited)

Trade.io never ceases to wow us with brilliant initiatives and innovations. A few weeks ago, there was a major airdrop by the duo of Trade.io and KRATOS, which saw to the distribution of $130,000 worth of KTOS tokens. We are yet again faced with another initiative, which is called the "buyback program". No doubt, Trade.io can only get better.

In a press release by Bill Heyn (the CEO), an announcement was made that Trade.io would buy back a whopping 2,500,000 TIOx tokens from hodlers in an open-market. The awesome part of this is the fact that this program would increase the trust of users of the platform, and would not only attract investors, but would increase the overall market value of the tokens; of course this is what you and I have hoped for. Trade.io (and TIOx) has not fallen short of their words to make for a better crypto community.

If you have been following the market trend lately, you would have observed that there has been a down movement in the overall crypto market, which has led to a massive lost of funds. This is one of the reasons Trade.io has come up with this brilliant buyback initiative to cushion the effect of the bear market, to increase the flow of cash, and most importantly, to increase strength within the Trade.io ecosystem, which would make for continuous growth of users.

There is no doubt to the fact that this program would make for more adoption of cryptocurrency, and would increase confidence between TIOnauts and the community, which is what is needed for a brighter crypto future. For financing this initiative, the management team of Trade.io has stated that the cash for this program would be sourced internally from "free cash flow", but each negotiation would be done privately and closely in an "open-market". If you are a TIOnaut and you hodl TIOx tokens, it is time to make something great out of it - be part of the buyback initiative.

ANOTHER UPGRADE - BUYING CRYPTOS WITH CREDIT CARD

Judging from personal experiences, and from the random sampling I conducted, people normally resort to using third parties or escrow services for the acquisition of tokens, but another feature has been added to Trade.io, which will enable you to buy cryptocurrencies directly from your bank with either your debit or credit card by partnering with simplex inc. This move by Trade.io has shown great dominance in the crypto sphere, and has made them become a one-stop shop where fiats can be exchanged directly to cryptocurrencies without passing through third parties or escrow services.

The major barriers inherent in the crypto market are related to the acquisition of cryptocurrencies. I remember some months back, I wanted to acquire some tokens, so I had to pay an escrow to get the tokens for me, but till now, the tokens and the money are no where to be found. I'm sure some of you may have experienced this too, but a solution has been found for you: You can now buy directly from the Trade.io portal using your credit/debit cards.

Before the introduction of this feature; and like in other exchange portals; you can only purchase coins with other coins, but you now have two choices - either you buy with fiat, or with cryptos. For those that might have reservations about the security of their cards while performing transactions, simplex (which provides the card-payment option) is well known, and has a track record of providing a fraud-free online payment option for years, so your security worries have been maximally taken care of. You can take a look at this video for a quick tutorial on how to purchase cryptocurrency with your card.

For those of you that are yet to join this train, you can head over to Trade.io portal to create an account and have the feeling of paying for cryptocurrencies directly with fiat. Trust me, you would glad to become a TIOnaut.