The initial launch of the Himalaya Coin and the roll-out of associated products and services is intended to be phased over a period of around 2 months. The objective of the phased roll-out is to maximise liquidity on the Himalaya Exchange from the first day of trading and to achieve optimum utility for users of the associated products and services. The anticipated timetable for the phased roll-out is:
Himalaya Exchange Pre-Launch and Launch of Himalaya Dollar
Private Placement Participants may apply to open a Himalaya Exchange account and complete KYC procedures.
Following opening of an account, members may use USD to top up their account and automatically purchase Himalaya Dollar Credits on a 1:1 ratio.
Himalaya Coin Launch
Registration period for Private Placement Participants expires.
Private Placement Participants may purchase Himalaya Coin Credits up to their allocated amount.
Full Himalaya Exchange Launch and Himalaya Pay App
Members may commence trading Himalaya Dollar, Himalaya Coin and other cryptocurrency credits through their account on the Himalaya Exchange.
The Himalaya Exchange is open to the public for registration and trading and the Himalaya Pay App to start sending and receiving payments globally.
Himalaya Exchange App
Members of the Himalaya ecosystem may download the Himalaya Exchange App to begin trading on the move.
* The Phase 1 period may be extended at the discretion of the Himalaya Exchange. Where the Phase 1 period is extended, the commencement dates for Phase 2 and Phase 3 will be delayed by the same period. The timing for launch of any Phase or any part of any Phase may be delayed by the Himalaya Exchange or any other provider where it determines such delay is necessary as a result of the ongoing impact of SARS-CoV-2 and/or overwhelming demand for our offering.
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