The team behind one of the most promising blockchain-based projects in the financial industry has already had commitments of $19 million in private funding. It is now launching a pre-sale round on November 5, with pre-ICO subscriptions scheduled to close on November 19. The pre-sale is to be followed by an ICO phase that will go live on November 19 and run until December 23 or until tokens are fully allocated, whichever happens first.

The project aims to reach a hard cap target of $100 million by offering the community its permanently fixed, non-securitized transaction CDRX tokens. They are issued on the Ethereum blockchain and are ERC20-compliant.

The total supply is limited to 400 million tokens, with 200 million of them allocated for sale and distribution in the ICO. The price of 1 CDRX is set at $0.5. During the period to November 17, which covers the early pre-sale stage, buyers will be offered bonuses from 32% to 5%.

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