Happy May TIOnauts from all of us here in the trade.io family of companies. I hope that your year continues to be healthy and prosperous.
TIOmarkets continues to thrive and grow. You will likely notice that April was down a bit from our record numbers in March. This seems to be nothing other than normal fluctuations in trading volumes that are to be expected as the business expands. We continue to strive for growth in the TIOmarkets business in our push to create additional value for TIOx.
Our plans to drive trading volume in TIOx also persist. In an effort to provide additional utility to TIOx, we have launched an offer this month that you can see at www.tiomarkets.com/tioxoffer. The basic concept is that TIOmarkets traders who purchase TIOx from any of the exchanges, UniSwap, Mercatox or IDEX (not from our portal), are eligible for reduced commissions in a standard account. The real savings associated should create buying pressure for the token and help cross-market the crypto side of our business to the FX side.
Perhaps the most important part of raising awareness and demand for TIOx is the establishment of our TIOx sales group. We have been hard at work planning for this but have run into a roadblock that is all too familiar these days. We are, unfortunately, at the whim of the ongoing pandemic and the local restrictions in place to mitigate the spread. In other words, we have the plan and the people lined up, we just can’t hire and employ them until we are allowed to use the space at our office set aside for them. Frustrating indeed, but, for obvious reasons, safety and following the rules must come first. The good news is that we expect the local restrictions to be lifted very soon and we will be off to the races.
In the meantime, we do have a number of other initiatives that are underway, including an email campaign to support the TIOx offer. We are also looking at new exchanges, Coinbene was suggested, for example. It is challenging to find the right new exchange; it must be compliant, follow the rules and have sufficient volume and interest to be worth listing on but, at the same time, it has to be reasonable. Many of the large exchanges are prohibitively expensive these days.
As always, we are torn between the knowledge that we are making progress and the understanding that we have so much further to go. It is a constant struggle here within the trade.io family.
As always, don’t forget these monthly updates:
- If you have not done so yet, check out Janne Muta’s daily insights via commentary, video, webinar and more, to help you make informed trading decisions. Janne has continued his streak of excellent analysis and insight and his work is worth the read. If you would like to receive these updates, you can do so, at no cost, by signing up at www.tiomarkets.com/analysis.
- If you would like, you can help us increase our domain authority (and to get as much traffic as possible) by leaving us a good review on trustpilot, by sharing one of our blog posts or even sharing our URL www.tiomarkets.com on your website, if you have one.
- If you are worried about how the fast-moving markets might affect your investment during these times, we have set up a dedicated webpage providing up-to-date market information plus webinars, podcasts and more. Please bookmark this page to keep apprised of any market news that might affect your trading portfolio, or if you are interested in seeing how industry leaders are coping with the crisis. www.tiomarkets.com/fx-in-quarantine
- This update was published on Telegram and the TIOmarkets blog, publicly available to view here: https://blog.tiomarkets.com/. We are changing the way we send emails in response to feedback from the community about spam and no-receive challenges. Any TIOnaut who has signed up to TIOprime, TIOmarkets (or who is in the Liquidity Pool) will remain in our database and will continue to receive important TIOmarkets news. If you have not yet signed up on any of those spots and wish to continue to receive email updates, please do so at this time.
That is the update for the month TIOnauts. As always, we are dedicated to finding a path forward for TIOx to achieve the goals in volume and price that we have set and get us all where we need to be.