Modex's blockchain app store will be launched on March 15, right before the company's much-awaited ICO, according to the company's CEO Mihai Ivascu who announced this at the Paris Fintech Forum.
Built by the team behind the award-winning peer-to-peer mobile payments app Meoneymailme, Modex is a smart contract marketplace for developers to upload and sell their products, after they have been carefully vetted and audited.
Strategically timed for 28 March, the Modex ICO will last for 30 days or until its cap is reached. The Modex ICO pre-sale is currently open and accepting contributions from early supporters of the smart contract marketplace.
Early indications of enthusiasm for the platform is clear, as over 600 blockchain developers from all over the world have registered to join the community and the Modex team is already onboarding clients for their smart contracts.
By identifying a list of key use cases for smart contracts to prioritise in order to both attract development talent and seed the marketplace with strategic smart contracts, Modex is set to bridge the gap between businesses and blockchain developers based on real-world needs.
The Modex token is based on ERC20. After the ICO, Modex will be issuing tokens that can be used to pay platform service fees, make smart contract purchases and gain access to a complete suite of APIs for decentralised transactions.
"Blockchain technology is one of the biggest game changers at the moment, because we can use it to secure trust in just about anything - from financing, holding assets, healthcare records, smart certificates, verification of products and even election and voting records. Modex is set to revolutionise the future as the opportunities for smart contracts uses are endless, bringing a huge leap forward for everyone and a huge opportunities.", said Ivascu.
Serial social-impact and blockchain entrepreneur, with over 10 years of experience in project management, FinTech, software development and start-up consulting, Modex's Founder and CEO was awarded by Forbes 30 Under 30 in 2017 for being one of the brightest young entrepreneurs and leaders in IT & Tech.
"Although most companies already recognise the value proposition of blockchain technology, a significant number still struggle to implement it. Modex aims to bridge the gap between businesses and developers, in order to vastly accelerate global adoption of the blockchain," explained Ivascu.
Designed to serve both businesses and developers, the Modex marketplace will incorporate significant advantages for consumer adoption, enterprise cost savings, developer tools, community trust and engagement, all centred on the smart contract ecosystem.
The Modex team of 50 experts and advisers is made of of professionals with high experience in developing banking and financial software and formerly worked with Google, Oracle, Temenos, JP Morgan, Deutsche Bank and E&Y. It also has a committed and skilled team of marketing pros and successful startup entrepreneurs.