MultiVAC IEO Ended in 7 Seconds

MultiVAC team was able to raise $3 600 000, selling the 600 000 000 MTV tokens
04 April 2019   764

The initial exchange offering of the MultiVAC cryptocurrency project was performed at the KuCoin Spotlight platform. The campaign lasted seven seconds, while 1661 users from 59 countries were able to take part in the campaign.

In total, the project has released 10 billion MTV tokens, of which 600 million coins have been allocated for sale on the Spotlight. The price of 1 MTV was $ 0.006, therefore the maximum fundraising goal was $ 3.6 million.

Only holders of the KCS, internal exchange's token could take part in the campaign; the maximum possible amount of investment was 1902 KCS.

Earlier, Kucoin reported that in the future, IEO projects on the KuCoin Spotligh platform will be conducted in a lottery format, similar to how Binance had previously done it.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   344

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.