StrikeX

TradeStrike BVI is a cryptocurrency and blockchain financial services company based in the British Virgin Islands and London, United Kingdom. The company began by launching a cryptocurrency token built on the Binance Smart Chain in 2021, and has since created multiple cryptocurrency products including a cryptocurrency wallet, a decentralized exchange and are expected to release a multi-asset trading platform by the end of 2022. TradeStrike's main platform is said to be one of the earliest tokenized asset trading platforms.

Background
TradeStrike was founded in March 2021, by Joe Jowett and Kishan Vadgama following the 2021 GameStop short squeeze, as a result of frustrations over the retail investment landscape. The company initially launched a token built on the Binance Smart Chain in April 2021 called "Strikecoin". The token was then migrated to a new contract and renamed to the "StrikeX token" as part of the launch of TradeStrike's first official product, "TradeStrike Lite", a decentralized exchange where users were able to stake the StrikeX token and receive interest on their holdings.

In October 2021, TradeStrike integrated Chainlink's Price Feeds into their DEX platform. The following month, the team hired Rob Clark as their chief technical officer. It was also announced that TradeStrike hired SafeMoon's former CTO Thomas Smith, as a blockchain advisor. However, was dismissed by the company after the fraud allegations uncovered by Stephen Findeisen in April 2022. As part of the wider community, a "StrikeX song" performed by HÅLO and Cooli Carlito was released on February 13, 2022. In June 2022, TradeSrike CEO argued that the blockchain technology sector is growing rapidly and that the UK cannot "afford to ignore it" in light of persuading the UK government to consider the UK as a global crypto hub. TradeStrike also provide blockchain technology under their subsidiary StrikeX Technologies Ltd.

In early 2022, TradeStrike announced that they were working on a cryptocurrency wallet. The wallet was officially released on September 29, 2022, and provided users with a portfolio performance tracker and direct purchase of crypto with Apple Pay and Google Pay. Although it was noted for not having an integrated in-app browser, the team confirmed that it will support this in a future update whilst also announcing that a browser extension version of the wallet is in the works. As part of the wallet release, StrikeX also upgraded their decentralised exchange "TradeStrike Lite", and renamed it to "TraDex". TraDex was later integrated into the StrikeX wallet in an update.

TradeStrike's CCO Kishan Vadgama stated that the team are currently working on the flagship product, a multi-asset trading platform utilising tokenization technology which allows users to trade 24/7, outside the hours of the typical trading day.https://www.blockdata.tech/products/tradestrike It is expected to offer a diverse asset range, including cryptocurrencies, stocks, as well as other real-world & digital assets. Unlike standard trading platforms, this removes the need for multiple accounts on various platforms and allows for a diverse portfolio without added effort or costs. It is expected to be released in December 2022.

Products
 StrikeX token 
TradeStrike launched its cryptocurrency in April 2021, under the name "Strikecoin". The token was released as the founders believed it would correctly target the right demographics for the company. On October 13, 2021, the token underwent a migration. It was rebranded to "StrikeX token" and as part of the upgrade, held a marketing campaign to be the "first crypto in space". The team launched a hot-air balloon with a model of the StrikeX logo into space. The token currently has a CertiK Skynet Trust score of 80%.

References

External links


 Official StrikeX product website


Category:Blockchain entities
Category:Companies of the British Virgin Islands