Douglas, Isle of Man, 15th May 2025, ZEX PR WIRE, Echo, a revolutionary centralized crypto exchange, officially launched worldwide on May 15, marking a historical event for the digital asset trading landscape. On the same day, the platform started hosting a public sale for the ECHO token on its website. The team allocated 2% (20M) of the total supply of 1 billion ECHO tokens for this sale in an effort to accelerate the project’s development.
Echo is a community-focused centralized cryptocurrency exchange (CEX) seeking to deliver a different user experience than most CEXs. The platform expands beyond the limitations of a regular exchange to build a powerful ecosystem with numerous lucrative opportunities for its users.
Echo rewards active participants, whether beginners or professional traders, allowing users to benefit directly from the platform’s growth. This innovative approach has enabled Echo to secure $2.5 million in support from strategic investors during the early funding rounds.
In the wake of Echo’s official launch, Sam Dorrer, Chief Executive Officer at Echo, commented on the platform’s community-centric philosophy:
“Our mission is to create a cryptocurrency exchange that truly prioritizes its users. Echo is designed to be more than just a trading platform—it’s a dynamic ecosystem that fosters long-term engagement and participation.”
Echo welcomes new and seasoned traders, dividing its services into two convenient platforms – EchoX and Echo Pro.
EchoX caters to users taking their first steps in digital asset trading. It provides an intuitive dashboard with easy navigation features and helpful tips. Other supportive features include deep liquidity and high-speed trade execution, which simplify crypto trading for beginners.
Echo Pro is more suitable for advanced and institutional traders, delivering a unique experience to insightful users. This platform has a modular design and provides advanced trading tools, such as real-time analytics, market insights, and strategies, to help traders make better-informed decisions.
EchoX and Echo Pro users benefit from a minimal fee of only 0.1% per transaction.
The ECHO token is at the center of the Echo ecosystem. It is a real yield token built on Ethereum that features robust tokenomics. Most importantly, it has a fixed total supply of 1 billion tokens subject to a deflationary mechanism.
Notably, Echo allocates 10% of the daily revenue from EchoX and Echo Pro to repurchasing ECHO tokens on the open market. It will then burn the repurchased tokens to increase scarcity and drive ECHO’s value in the long run.
Echo is also developing the Echo Foundation, a pool dedicated to funding growth, strategic partnerships, and other governance initiatives. ECHO token holders will have an important say in which projects receive funding through the Echo Foundation.
Another aspect that sets Echo apart from other centralized exchanges is its rewarding approach to users. For example, the platform distributes 50% of the fees generated as stablecoin (USDC) yield daily, ensuring the community is rewarded at the same pace as Echo’s growth.
Echo abides by the industry’s highest security standards, ensuring optimal protection for its users and their assets. Some of its maximum safety features include multi-layered encryption, biometric authentication, robust KYC/AML checks, and institutional-grade wallet infrastructure.
Echo’s official launch and the start of the ECHO token public sale complete the project’s 1st development phase. The rapidly growing Echo community can now look forward to the following milestones on Echo’s ambitious roadmap:
Echo operates as a licensed Virtual Asset Service Provider (VASP) under the Regulatory Framework of the Isle of Man Financial Services Authority.
The platform’s partnership with the law firm Simcocks/JurisTrust allows it to offer Trust and Corporate Service Provision (TCSP) – a category that incorporates a PCC. This translates into tax advantages for EchoElite Traders, which means 0% capital gains tax and 0% corporate tax for crypto investments. As a result, EchoElite Traders can keep more of their gains while accelerating the ability to compound their portfolio.
The ECHO token public sale is live now on Echo’s website. The event follows the “first-come, first-served” rule, catering to participants who have already completed the registration process. Those who miss out may have to resort to secondary markets, where prices will vary.
For ongoing updates and community engagement, follow Echo on X (formerly Twitter), Discord, and Telegram.
HODL 2025, organised by Trescon, the world's longest-running Web3 event, officially opened today at Madinat…
Solana generated more daily revenue than any other blockchain, surpassing Ethereum, BNB Chain, Bitcoin, TRON,…
After weeks of sideways chop, Pi Network has finally cracked resistance, surging over 90% in…
Sharjah, UAE, 13th May 2025, Reflecting Sharjah’s leadership as the capital of Arab media, Sharjah…
5,000+ global leaders, investors, and innovators to gather in Dubai for the world’s longest-running Web3…
A Non-governmental organization, Ogoni Liberation Initiative has called on the Nigerian President Bola Ahmed Tinubu…