The Vinx Wine Utility Coin (VXC), Vinito Capital Management’s very own cryptocurrency backed by fine wine and vineyard investment funds, is now trading on the Resfinex Exchange.
The Resfinex Exchange is a mid-level cryptocurrency exchange platform with a typical day trading volume of around $20M. Founded in 2019, the mission of Resfinex is to “accelerate the pace of innovation around the world and the adoption of digital tokens.” Resfinex currently offers 62 different cryptocurrency coins on its platform, including Ethereum, Bitcoin, Tether, and now, VXC.
Less than two weeks after being listed on the Resfinex exchange, VXC is currently ranked in 5th place for 24hr performance. This places VXC in the top 8% of exchangeable digital tokens on this platform.
Leading to its quick success is a promising project that Vinito Capital Management (VCM) is currently attacking at full force: its Vinx Wine online retail wine shop. This online wine shop will give wine lovers the capability to purchase fine wines at up to a 50% discount when purchased with VXC. Among the world class wines to be listed are the Bordeaux favorites Château Mouton Rothschild, Château Margaux, and Château Petrus.
Here at Vinito Capital Management, we chose to list VXC on Resfinex because of this network’s competitive advantage. Benefits of the Resfinex platform include its low fees to investors, its second-to-none security, and its free, real-time APIs.
Low Fee Structure
The fee structure at Resfinex is dynamic, meaning that you pay lower fees for higher volumes of trade. The first tier of fees, for purchases up to $25k, is set at a rate of 0.05%/0.1% maker/taker. Also, their tier-based fees are offered at a 50% discount when you pay for those fees using Resfinex’s own cryptocurrency coin, RES. Thus, a “maker” would only be paying 0.025% on a trade of up to $25k. On a $10k investment, that’s a fee of just $2.50.
Resfinex has state of the art security features, such as automatic shutdown of the entire trading platform if malicious attacks are suspected. Additionally, only 2-5% of digital assets are held in “hot storage,” meaning a cryptocurrency wallet connected to the internet. This means that 95-98% of Resfinex’s cryptocurrency holdings are kept in “cold storage,” or an offline wallet unsusceptible to hackers. Plus, multiple signatories are required to move funds from cold to hot storage. Translation: your assets are safe and sound.
Free access to APIs
Resfinex also gives public access to its real-time market data APIs. “The end goal is to allow users to create trading platforms on their own to create highly customised and advanced trading strategies,” they explain. Placing a priority on speed, the Resfinex APIs are a true advantage to traders in search of real-time data.
At Vinito Capital Management, we are excited to be partnering with Resfinex for all of these reasons. We, too, share the mission of spreading digital asset trading around the world in order to reach a more diverse audience and to enhance global trade and innovation.
VXC is currently trading in pairs with Ethereum (ETH), Bitcoin (BTC), and Tether (USDT). To trade for VXC on the Resfinex Exchange, visit their trade portal.
For questions or for more information, get in touch! We’re always here to help - because fine wine investing should be as easy and relaxing as enjoying a glass.