U.S. BENEFIT CORPORATION LAUNCHES WYORAX - FIRST U.S. DIGITAL ASSETS TRADING PLATFORM
The sole objective of this trading platform and FOREX currency exchange site is purge and cleanse the crypto/digital currencies industry by providing the traders/investors/end-users a real and accountable exchange free from all fraud and exit scams. Essentially, The Wyoming Exchange™ will give the crypto community a true accountable, reliable and financially solvent FOREX platform for use. WYORAX’s primary objective is to give the entire industry a true American exchange, ran and operated by American patriots only. As such, WYORAX will conduct extensive KYCs, file all financial statements, submit all relevant information to the IRS, and but limited to, report all and any suspicious trading activities to relevant U.S. financial crimes and law enforcement agencies. Moreover, WYORAX will actually pay its corporate taxes (try to find another similar exchange currently does that). WYORAX will be a fully compliant FOREX platform complying with all of Wyoming’s recent passage of its blockchain laws. WYORAX believes it can help assist Wyoming’s quest in becoming the blockchain capital of the world (In fact, WYORAX has already started to coin the phrase the ‘Blocky Mountains™’ similarly to how Palo Alto in California is referred to as Silicon Valley).
THE WYORAX PLATFORM – MADE IN THE U.S.
It’s important to note that WYORAX was made possible due to the efforts of the state of Wyoming, the Wyoming Blockchain Task Force, and more specifically Ms. Caitlin Long, a 22 year finance veteran. In order to document the historical significance of Wyoming’s Blockchain law and to pay tribute, the creators have decided to name America’s first digital and cryptocurrency exchange after the state of Wyoming and hence originated Wyoming Representative Assets Exchange.
Ms. Long has paved the way for us good inventors and innovators alike and we at WYORAX believe that this platform will be the first truly compliant blockchain based financial instruments peer-to-peer exchange aligned with her vision. These instruments include but not limited to cryptocurrencies, futures, and commodities. The platform will operate initially as an Alternative Trading Platform (ATS). End users/traders will have the ability to trade digital assets knowing that the corporation is a U.S. company with accountability to its clientele and shareholders. Currently, the crypto finance industry is still plagued with fraud. Unfortunately, the entire industry is filled with unscrupulous scammers preying on victims, in this case are project heads and token issuers.