TUE, MAR 12, 2019 / PALM BEACH, FL / GLXWIRE – Today GLX announced that we have launched our Security Token Offering (STO) for non-U.S. investors under Regulation S.
“After a significant amount of testing, trial and error we have made the STO contract live for the XX tokens which we created on the Polymath platform.”, said Ronald Russo, GLX’s Founder & CEO
About GLX Class A Common Equity Tokens (XX)
GLX has created a series of security tokens on the Polymath.Network representing class A common voting equity ownership in GLX, Inc. The XX tokens are available to non-U.S. investors under Regulation S and are issued on the Ethereum blockchain using the Polymath ST20 compliance standard.
The token price is fixed at 700 XX per 1 ETH (approximately $0.20 per-token USD). There is a hard cap of 6 million XX tokens; 5 million are available for sale and 1 million are available for bounties and bonuses.
The XX token contract can be viewed at:
The XX STO contract can be viewed at:
To get whitelisted and buy tokens non-U.S. investors must sign up at GLX.com and email your ETH wallet address to email@example.com to begin GLX’s KYC / AML / CTF process.
About GLX – Global Listing Exchange™
GLX is a blockchain-powered Capital Market Directory & Social Finance Network. The destination is a global capital market news data portal and ground-breaking financial networking platform.
Disclaimer: Regulation S is a “safe harbor” that defines when an offering of securities is deemed to be executed in another country and therefore not be subject to the registration requirement under section 5 of the 1933 Act. This announcement may contain certain “forward-looking” statements and information relating to GLX that is based on the beliefs of GLX’s management, as well as assumptions made by, and information currently available, to GLX’s management. This announcement does not constitute an offer or solicitation to sell securities in GLX, Inc., the GLX platform, or any related or associated company.
Ronald is the Founder & CEO of GLX. He has been an entrepreneur and an active member of the private equity and investment banking communities for over 26-years.
Ronald completed high school in 1988 at Seton Hall Preparatory School in West Orange, NJ. He received a Bachelor of Science, Business Administration degree from St. John’s University in Queens, NY in 1993. He resides in Palm Beach, FL.