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Ovex

Shares offered

10K shares

Funds raised

4% complete

$150,000/$4,000,000

Founded Apr 13, 2013


Website

ovex

Location

,

Team Size

11-50 people

User Base

9,000,000 Users


Meet the team

About startup

Matic Network is a team passionate about decentralization and better products. The current decentralized eco-system lacks usability and convenience. Decentralized transactions are slow, expensive and complex. They aim to change this by leveraging a combination of blockchain scaling, developer platform and tools, and a rabid focus on userexperience. They aspire to see a world where blockchain gains mainstream adoption, and fulfills it's true promise.


Vision

The OVEX Arbitrage Service is a product that is designed to exploit mismatches in the price of Bitcoin in U.S. Dollars (USD) and South African Rands (ZAR). Over the past 4 years, BTC/ZAR markets have traded at an average premium of 4.6% to BTC/USD markets. The Arbitrage Service enables OVEX customers from South Africa to use their annual Single Discretionary Allowance (SDA) of R1 million and Foreign Investment Allowance (FIA) up to an additional R10 million to earn arbitrage trading profits.


Roadmap

2019
Jul 14th

Launch

Matic Scores $50M Funding

2020
Jan 1st

Increased

Increased MAU to 5M+ users and generated over 400B+ in transaction volume

2021
Dec 26th

Introduce

Matic Scores $100M Funding

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