One of the largest US-based crypto exchanges, Bittrex International, situated in Seattle, stated that it would soon hold the first Initial Exchange Offering (IEO) for RAID’s XRD token at the end of March 2019. As per the corporation’s official blog post, the hard cap for the IEO is 17 billion XRD, with the business pointing to raising more than $6 million.
Bittrex’s IEO is arranged to begin at 10:00 am KST on Mar. 15th and will have an inflexible cap of 17 billion XRD. If this cap is reached, the 17 billion coins will signify 17% of XRD’s entire supply, raising the firm somewhere between $6 million. The company mentioned in the release. All of the tokens will be delivered by ONERAID, a Singaporean Company.
As per the authorized declaration stated on Mar. 11, Bittrex Global will host the IEO of RAID’s XRD token. Bittrex said in its release that the initial exchange provided will be used by RAID, a South Korean betting data blockchain project, to improve new technologies that prize gamers for distributing information that shows developments.
One of the originators of RAID, Taesung Kim, stated that having the corporation’s IEO be the first of its type on Bittrex was marvelous integrity, also further mentioning that the firm saw this as a vote of self-assurance in their dream.
Bill Shihara of Bittrex International was similarly hopeful about the project. He stated that the cryptocurrency was dedicated to cumulating acceptance and stirring the blockchain revolution. He added that this represents an important development for their clients.
“Now our international users have direct access to blockchain projects with the peace of mind that comes from Bittrex International, regulated in Malta,” Shihara said in the company’s release.
Binance will also be checking on initial coin offerings (ICOs) on the company’s token sale platform Launchpad nearly every month in 2019. Two of the ICOs scheduled are TRON’s BitTorrent and Fetch.ai, and they will be provided in 2019.
About RAID
RAID, in connection with the main partner and vice analytics supplier OP.GG aims to present game knowledge possession back to users by exploiting blockchain technology and also behavior modification. As a result, our goal is to form a suburbanized game knowledge scheme where knowledge is often freely shared among users.
Also, by investing in the sports knowledge scheme, we tend to decide to promote and develop new businesses like advanced game promotion, game knowledge analysis, and game distribution platforms.
About Bittrex International
Bittrex International operates a secure, reliable, and advanced digital quality platform designed on Bittrex’s stylish commerce technology. Our mission is to be a thrust within the blockchain revolution, increasing the adoption of this innovative technology around the world.
The company will apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange. This international commerce platform operates within the regulatory framework established by the ECU Union and the Maltese Government, as well as the Malta Virtual Monetary Assets Act. The corporation can apply to the Malta Monetary Services Authority to become a regulated Virtual Money Quality Exchange.
