introduces payments via ICOx Innovation utility token FreedomCoin

Firearm and hunting gear marketplace GunBroker will soon enable its users to buy and sell merchandise using a new utility token FreedomCoin, ICOx Innovations has announced in a press release. GunBroker commissioned ICOx Innovations to design and develop a USD-pegged stablecoin to be used on its website in hopes to make transactions cheaper and faster.

“We are excited to bring the over 4.7 million customers has in its network the ability to buy and sell products with a corporate cryptocurrency and blockchain-enabled infrastructure,” said Bruce Elliott, President of ICOx Innovations. “With hundreds of millions of dollars transacted annually on, this may potentially become the most retail transacted cryptocurrency in the US.” 

According to the press release, clients will be able to buy FreedomCoin with US dollars and use the token on the marketplace whenever necessary. The tokens will be stored in personal blockchain wallet between transactions.