VinDAX Review – An Interesting ICO?

VinDAX is a new cryptocurrency ICO and trading platform which brings a lot of advantages to the table. Their concept of removing the conflict of interest is one of a kind.

Currently, they are offering their tokens for sale for $0.1, but it has a lot of potential to rise up in value. If you are a avid cryptocurrency trader, then you are going to love the number of options given by them.

Join us in this review wherein we are going to discuss every aspect about this project.

Core Concept of VinDAX

There are two things, this platform is focusing on. The first part is about funding the new entrepreneurs. Since most of the start ups face a huge obstacle in raising the necessary funds, this project assess the pros and cons of the specific item and provides them capital, if it fits their criteria.

Not only will they help with raising capital, they are also said to take over the marketing part as well. It is nice to see the kind of steps taken by them to move forward as a community.

As far as trading is considered, they have done an amazing job. The asset class they offer is huge and any cryptocurrency trader will be pleased to have so many options at their disposal.

It is said that, they have diminished house edge in trading by incorporating transparency and blockchain technology.

VinDAX Trading Platform

VinDAX has a custom web based trading platform. Their charting solution is sufficient for most beginner traders. However, there are certain disadvantages as well. Compared to MT4/5 platform, the number of custom indicators on this platform is less.

Moreover, we still do not know whether they support algo-trading. If you rely on EA or trading robots for your decision making process, then it might be something you should worry about.

Many platforms offers account management services which is beneficial for people looking to create a secondary source of income from the markets, but do not have enough time to dedicate to trading. On the bright side, their platform is user-friendly and should be sufficient for the average traders.

There is a position size calculator on their site. So, before entering any trades, you will know the exact amount per pip value. Since, the default charting platform does not support the addition of custom indicators, it’s better to invest in some service dedicated to that.

Overall, considering the ample amount of pairs, it’s definitely a cryptocurrency trading haven.

Customer Support

If you need any assistance regarding this platform, then know that you are in safe hands. The clients can reach the support team via email or social media platforms.

There are telegram channels custom to most of the countries and the links to each one of them is provided on their website. Moreover, they constantly update their pages, informing the clients about the new features and products being introduced. So, they check all the boxes as far as customer satisfaction goes.

Domain Information

Thanks to the courtesy of whois.com and alexa.com, we were able to gather the following details about the domain.

Domain – Vindax.com

Registered On – 09/08/2018

Expiry – 09/08/2019

Alexa Global Rank – 176,990

Rank in Brazil – 8,111

Audience Geography – Brazil, Russia, India, Pakistan and Indonesia.

Coin Info

Round 1

Presale Time – 8:00 AM (UTC) May 3, 2019

Presale Supply – 25,000,000

Public Sale Price – 1VD = 0.1 USDT

Round 2

Presale Time – 8:00 AM (UTC) May 6, 2019

Presale Supply – 25,000,000

Public Sale Price – 1VD = 0.12 USDT

Round 3

Presale Time – 8:00 AM (UTC) May 8, 2019

Presale Supply – 25,000,000

Public Sale Price – 1VD = 0.14 USDT

Deposit and Withdrawal

The minimum deposit is unknown. However, note that they only deal with cryptocurrency payments. Sadly, there is no information about the minimum withdrawals either and we do not know the time they take to process them as well.

The minimum lot size is 0.001. So, as far as risk management goes, it provides an excellent opportunity for the retail traders to be conservative in their approach without having to put huge upfront capital.

Referral Program

This platform offers a referral program wherein the promoters can take advantage of this platform to make consistent flow of revenue. However, there are some ground rules.

The promoters should hold at least 1000 tokens themselves in order to receive the rewards and they shouldn’t use any unethical practises to sell them to their clients. It is nice to see this kind of transparent gesture.

We do not know the exact rate of commissions this firm pays. However, if you are interested, then you can go ahead and contact their support team.

VinDAX Review Conclusion

VinDAX is an interesting project and depending upon your risk appetite, it might be a must have project in your portfolio. Nowadays, there are a ton of ICO’s launching each and every day.

So, make sure that you are diversified and invest only what you can afford to lose. Regardless of all the potential upside, remember the golden rule of investing is not to put all your eggs in one basket.

Will you invest into VinDAX? Let us know in the comments section below!