The popular cryptocurrency exchange Bittrex is launching its platform for the release (offer) of coins. RAID will be the first project to run its IEO (Initial Exchange Offering) on Bittrex. This is a blockchain platform for gamers and game companies. On March 15, 2019, users who have passed the obligatory verification procedure will be able to purchase new promising cryptocurrency.
The initial price of the coin will be 0.00000010 BTC. Accordingly, users will be able to buy it for bitcoin. Each participant is limited to the scope of purchase – from $10.5 to $20,000. 17 billion of 100 billion XRD have been put up for sale. More details on the release of the RAID token can be found on the official Bittrex website.
CEO Binance Changpeng Zhao immediately responded to the emergence of a competitor. He was very approving of the new project from Bittrex International.
In short, the words of CZ should be understood as “Welcome to the club”. It does honor to the leader of Binance. Obviously, he believes that healthy competition is the basis for market development.
Probably, the initial exchange offer of coins will soon be able to completely replace ICO (Initial Coin Offering), which is significantly worse than IEO in terms of security. Will this be a new growth trigger? Well, it’s quite possible.