The ProBit exchange a lightning-fast initial exchange offer (IEO) of the LINIX project.
In just five seconds after the start of IEO, investors bought out all LINIX project tokens (2,625,000 LNX) at a price of $ 0.02. After that, the South Korean stock exchange announced the second stage of a tokensail, during which the organizers planned to sell 5,500,000 LNX at the same price. Cryptocurrencies Bitcoin, Ethereum, XRP, Steablcoin USDT and ProBit (PROB) exchange token are accepted.
It is noteworthy that the ICOs have been banned in South Korea since 2017. Thus, local exchanges view IEO as a kind of alternative to familiar tokensales, allowing to bypass regulatory restrictions.
Note that the most popular IEO platform today is the Binance Launchpad. Next IEO at Binance Launchpad will be Celer Network.