Tagz, the Melbourne-based exchange platform, has broken new ground by becoming the first fully regulated exchange platform in Australia to offer trading for both Cryptocurrencies and Derivative Futures on a single platform at the same time.
Accepted by the Australian Securities and Investment Commission (ASIC), AML/CTF compliant and registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), the TAGZ dual gateway exchange will be available to users worldwide.
Those signed to the exchange will be able to trade the now-traditional cryptocurrency market, derivative futures or both at the same time, all from one platform.
By using the in-house TAGZ token , the platform allows base pairing in: BTC/TAGZ, ETH/TAGZ, LTC/TAGZ, XRP/TAGZ, BCH/TAGZ. All with zero fees on trading. There is also a 50% reduction in fees for TAGZ platform users holding at least 3500 TAGZ against other trading pairs.
A quick TAGZ review shows that the TAGZ token sale aims for a soft cap of $1.1 million USD, with a hard cap set at $7.5 million USD. With 1 TAGZ = 0.001ETH, there has been considerable interest already in the token sale which begins on 9am on May 2oth and ends at midnight June 30th. The discount in the crowdsale can be up to 75%, whilst four further ICO rounds in the month of June see discounts from 50% down to 15% in the fourth and final round.
Platform trials are set to begin in August this year with a Beta platform launch planned for September. By November, the TAGZ mobile app is due to be launched with full scale platform adoption proposed for December.
Can TAGZ Be a Success?
By becoming the first fully regulated dual exchange platform in Australia, TAGZ is opening itself up to a large and responsive market. As one of the most regulated markets, in the world, being licensed and regulated in Australia should give itself an edge over unregulated exchanges.
It’s a big tow months for TAGZ. The crowdsale and ICO rounds will make or break TAGZ. However, the signs are good so far and this should be a platform to look out for.
