Hey everyone,
We are super excited to announce that now you can sign up to get early access to Fixed Income MercX(FXMX) and EGX30 index fund. Both are regulated and compliant funds managed by Egypt’s best asset management firms.
Usually the the minimum subscription in funds are 100,000 usd, through MercX you will be able to access with as low as 500 which can be sold p2p separately. You will be also be able to borrow against both funds in a regulated manner.
Registration is now open for institutions and individuals with the first 1000 users gaining 0.5-1% cash back, discounted transactions fees, less borrowing interest and also early access to MercX’s utility token in the future when launched( its launch needs regulatory approval so for now the utility token will not available). As this is a regulated product, after sign up a KYC with an ID will be necessary for AML and Sanctions compliance. Access to ID is done through a regulated service provider by the Financial Regulatory Authority.
FXMX has a yield of USD in the range of 4.3-8.5% and EX30 gives exposure to the 30 most liquid companies in the Egyptian Stock Exchange. We are launching one that will be in EGP at 25%, but it is risky for non Egyptians(FXMXg) in case of currency devaluations.
You can sign up here: https://xpm3z-7qaaa-aaaan-qzvlq-cai.icp0.io/
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