StrikeX
StrikeX Ltd. also registered as 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, and a decentralized exchange, and is expected to release a multi-asset trading platform by March 2024. TradeStrike's main platform is said to be one of the earliest tokenized asset trading platforms.[1][2]
History
2021
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.[3][4] The company initially launched a token built on the Binance Smart Chain in April 2021 called "Strikecoin".[5] 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.[6][7]
In October 2021, TradeStrike integrated Chainlink's Price Feeds into their DEX platform.[8] The following month, the team hired Rob Clark as their chief technical officer.[9] 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 SafeMoon fraud allegations uncovered by Stephen Findeisen in April 2022.[10]
2022
As part of the wider community, a "StrikeX song" performed by HÅLO and Cooli Carlito was released on February 13, 2022.[11][12]In June 2022, TradeStrike 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.[13] TradeStrike also provide blockchain technology under their subsidiary "StrikeX Technologies Ltd."
In early 2022, TradeStrike announced that they were working on a cryptocurrency wallet.[14] 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.[15] 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 decentralized exchange "TradeStrike Lite", and renamed it to "TraDex". TraDex was later integrated into the StrikeX wallet in an update.[16][17]
2023
In January 2023, TradeStrike's CCO Kishan Vadgama stated that the team is currently working on the flagship product, a multi-asset trading platform utilizing tokenization technology that allows users to trade 24/7, outside the hours of the typical trading day.[18][19] 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 early 2024.[1][2]
On June 9, 2023, it was reported that CMC Markets acquired a 33% stake in a UK-based blockchain technology firm, StrikeX, for an undisclosed sum. The investment in StrikeX is the first from CMC Markets’ in positioning itself in trading outside its typical CFDs and Forex markets. In partnership with StrikeX, CMC markets will be working with the StrikeX team on releasing the company's TradeStrike platform.[4]
Team
Main team
- CEO - Joe Joewett
- CCO - Kish Vadgama
- CTO - Rob Clark
Wider Team
- Jason Butler
- Sam Taylor
- Mark Mandalorian
Board of Directors
- Laurence Booth (of CMC Markets)
- Simon Campbell (of CMC Markets)
Past Notable Team Members
- Blockchain Advisor - Thomas Smith (of SafeMoon)
Products
StrikeX Token
StrikeX (STRX) is the native utility token of the blockchain-powered eco-system, built by TradeStrike. Although it is currently built on the Binance Smart Chain, it is being utilised as the native asset underpinning TradeStrike's growing eco-system, enabling StrikeX to deliver utility. The token currently implements a 3% sales-tax where 0.5% of all STRX sells are sent as BNB to a dedicated buy-back and burn wallet, this is used to buy STRX on the open market, which is then burnt, 1.5% of all STRX sells are automatically sent to the STRX/BNB liquidity pool to reduces volatility as the STRX token grows and the remained 1% of all STRX sells are sent as BNB to a dedicated STRX marketing wallet, allowing STRX to scale up exposure as it grows. The token currently has a CertiK score of 80/100.[20]
StrikeX Wallet
TradeStrike BVI officially launched its mobile crypto wallet on September 29, 2022. The wallet “enables retail investors, as well as the 10,000+ holders of its $STRX utility token, to track their portfolio’s performance via a mobile app. The wallet was noted for supporting a variety of crypto ecosystems including Bitcoin, Ethereum, BSC and Solana blockchains. Users of the StrikeX wallet are be able to swap, track and even purchase crypto directly with fiat currencies through Apple Pay and Google Pay. This improves accessibility for those who wish to purchase $STRX or other tokens on a number of ecosystems.
TradeX
Initially called TradeStrike Lite. TradeX, a portmantaeu of "Trade" and "Dex" is the official decentralised exchange by StrikeX. As TradeStrike Lite, the dex was released in October 2021 after the migration of the StrikeCoin token to StrikeX. TradeStrike Lite was officially upgraded to TradeX in November 2022, it allows users to swap, track & stake assets straight from the DeFi Exchange without KYC.[22] It was upgraded to Tradex in February 2022 and allowed for more staking and farming options to take place on the dex as well as the inclusion of a live price screener.
Website: https://launch.dex.tradestrike.io/
TradeStrike
TradeStrike is the flagship product of StrikeX expected to be released in Q1 2024. It is a multi-asset centralised exchange. The platform will be utilizing tokenization technology that allows users to trade 24/7, outside the hours of the typical trading day. 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 early 2024.
Other Products/Services
StrikeX launched its Web3 Consultancy Services in March 2023, aiming to educate and advise traditional financial institutions on the potential of the rapidly evolving digital landscape.[5] Although not many details surrounded these products have been released, XChain is said to be StrikeX's own blockchain and StrikeX Mint will be the stock token bridge used on TradeStrike. A product titled StrikeXtra has also been leaked within the community. These products do not have an official release date and more information will be provided after the release of TradeStrike.
Community
StrikeX Lounge
The StrikeX lounge is a StrikeX news YouTube channel founded by Dalen aka CryptoHodlson. It was the first community place with the purpose of discussing everything related to StrikeX. After the growth of StrikeX Lounge, CryptoHodlson became a part of the StrikeX team and the teams official YouTube channel was rebranded to the StrikeX Lounge. CryptoHodlson remains as the main host of the YouTube channel with Joe, Kish and other team members appearing on the channel in regular AMAs and updates.
TradeStrike Tools
TradeStrike Tools, created by TheSkyFloor, is a community led tools and resources to help people discover and utilize the TradeStrike platform before, during, and after it’s launch.
It contains multiple features such as a Relative Price Comparison function, Top 10% wallet tracker, Holder statistics, Token Tax Tracker, as well as supply statistics.[21]
Website: https://www.tradestriketools.com/
Community Songs
HÅLO x Cooli Carlito - StrikeX Song (2022)
Cooli Carlito - Baby I got StrikeCoin (2021)
