Today's Jex Token price is $0.012863, which is down 2% over the last 24 hours. Jex Token's market cap is $15.47M. 24 hour JEX volume is $284.41. It has a market cap rank of 283 with a circulating supply of 1,202,625,198 and max supply of 2,000,000,000. Jex Token is traded on exchanges. Jex Token had an all-time high of $0.054031 about 1 year ago. Over the last day, Jex Token has had 0% transparent volume.
JEX is an exchange-based token that was used on a little-known crypto trading platform offering crypto futures and options. It was acquired by a Chinese-based monster in the cryptocurrency field Binance in September 2019. At the time of writing, the platform is named Binance JEX. The project aims to create a decentralized exchange for blockchain assets. Jex, which replaces Binance’s much older trading platform, was founded in 2019.
The company uses a few interesting and modern technologies to keep its users’ data safe and secure. The first one is called GSLB (Global Server Load Balancing). It represents the practice of distributing traffic among numerous servers distributed across the world. This technology leads to increased reliability and reductions in blockchain latency.
Also, Binance JEX has developed its own technology to provide its users with safe and secure transactions on Bitcoin and Ethereum-based futures and options. This all becomes possible due to different blockchain-based security methods.
In addition, Binance Jex has developed its own cold e-wallet. It is a digital wallet that is connected to the internet and provides almost immediate access to your digital currencies. To protect users from being scammed, Jex gives out a private offline key for users to be able to access such a device.
Using all the above-mentioned pieces of modern technologies, Binance Jex provides its customers with safe cryptocurrency futures transactions and other cryptocurrency-related services.
Initially launched on the Ethereum blockchain, JEX token along with its trading platform was bought by the cryptocurrency giant Binance and it has been working under the huge corporation ever since.
200 million JEX tokens were given away via airdrop back in 2019. This amount of cryptocurrency was equal to 12 million USD in real-life cash at that time. The airdrop took place on Binance, and those who wanted to participate had to hold at least 10 BNB from the 6th of September till the 6th of October.
JEX token itself does not have any serious requirements and can be stored on all Ethereum-compatible wallets since it is an ERC-20 type. The most famous Ethereum wallets include MyCrypto, MyEtherWallet, and MetaMask. JEX is mainly used for trading on the exchange markets and does not possess any further importance in itself.
Since the token and the platform have been bought by Binance, the team of the token is the same as the team of Binance.
Changpeng Zhao (aka CZ) is the founder of Binance, a large organization that helps people trade cryptocurrencies around the world. Before launching Binance, he founded Fusion Systems and worked at OkCoin as a Chief Technical Officer.
Yi He is the co-founder of the company. She entered the cryptocurrency field back in 2014 by leading the OkCoin’s branding and marketing strategy. After that, she also worked as Vice President at Yixia Technology.
Other members include Erick Zhang as the managing director, Jiho Kang as the director, Ted Lin as a CGO(Chief Growth Officer) and Catherine Coley as a Chief Executing Officer.Read More