Home CryptoNews Companies Bittrex International Maltase Platform to Hold Its First Initial Exchange Offering (IEO)

Bittrex International Maltase Platform to Hold Its First Initial Exchange Offering (IEO)

From tomorrow Friday the 15th at 10:00 a.m. KST users over at Bittrex International platform will be able to buy Raid Tokens (XRD) from its Maltese’s platform enabling Bittrex to host its first Initial Exchange Offering. The latter is leveraging blockchain in its gaming platform to propel the gaming sector into the next level, and through its IEO, investors from across the globe will own its tokens.

With a token going for 0.00000010 BTC, interested buyers have until Raid’s hard cap standing at 17,000,000,000 XRD (~5,950,000 USD) is reached before the sale comes to an end. An XRD will be going for 0.00000010 BTC. However, 30,000 XRD (~10.5 USD) will be the minimum amount per account one can buy. On the other hand, the maximum amount per account is 57,000,000 XRD (~20,000 USD).

bittrex exchangeFunds to Be Used For Platform Development

After the initial exchange offering comes to an end, Raid will use the funds to make developments on its platform to foster its marketing schemes in place and make room of new business developments for gaming firms. In addition to that, part of the funds will be used to make improvements in its ecosystem and develop a reward solution that rewards its gamers for sharing data.

For Bitrrex international, hosting Raid’s token offering opens the door for more players to see Bittrex as the way to go to platform, for hosting their Initial Exchange Offering. On the other hand, for Raid, it shows there are heading in the right direction. While commenting on the upcoming IEO, Taesung Kim RAID’s co-founder said;

“We are honoured to be the first platform to hold its IEO on Bittrex platform. The fact that Bittrex is a reputable and international company we had to undergo a rigorous process to get our token approved for listing. Together with our partners, we are proud to have fulfilled all Bittrex requirements. The IEO will be a game changer for us and the gaming fraternity as a whole.”

On the other hand, Bittrex International Bill Shihara had this to say;

“We are happy to be supporting projects such as Raid’s token that are propelling the development of blockchain technology into the next level. Giving an opportunity to such innovative projects to raise funds for development is beneficial to all stakeholders.”

Alfonso Martínez
Alfonso Martínez
Cryptocurrency enthusiast since 2015, a lover of blockchain technology and everything around her. He joined the Crypto Economy team in 2018 as a content editor specializing in SEO. He is also responsible for the Social Networks of the platform.
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