Binance Updates IEO Rules on Its Launchpad

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Binance Updates IEO Rules on Its Launchpad
Binance Launchpad lottery rules have been updated. As it has been revealed by the company, it extends Binance Coin holding period implementing a number of others minor changes.
Binance Updates IEO Rules on Its Launchpad

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Source: CoinSpeaker

Crypto Exchange CoinFLEX to Launch Its First Initial Futures Offering for Polkadot’s DOT Tokens

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Crypto Exchange CoinFLEX to Launch Its First Initial Futures Offering for Polkadot’s DOT Tokens
This will be for the first time that any crypto platform is launching futures contracts for pre-launched assets. Each DOT token is available at $75 and can be purchased using CoinFLEX’s native FLEX tokens.
Crypto Exchange CoinFLEX to Launch Its First Initial Futures Offering for Polkadot’s DOT Tokens

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Source: CoinSpeaker

Celer’s mainnet goes live; aims to bring gamers, developers under one roof

Celer, the third token to be launched on Binance’s Launchpad, has announced the launch of their mainnet – Cygnus, which marks the launch of the world’s first Generalized State Channel Network, starting from Ethereum. The launch opens up a new dimension of blockchain layer-2 scalability with real-time and zero-fee interaction, instant micropayments and low-latency interoperability for […]
The post Celer’s mainnet goes live; aims to bring gamers, developers under one roof appeared first on AMBCrypto.
Source: AMB Crypto

Binance’s Elrond Lottery is Finished, Trading Starts on July 4th

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Binance’s Elrond Lottery is Finished, Trading Starts on July 4th
Binance along with Elrond has successfully finished its IEO (Initial Exchange Offering) lottery. It was completed with a 11,07% ratio of winning tickets. The trading of ERD will soon open on Binance exchange.
Binance’s Elrond Lottery is Finished, Trading Starts on July 4th

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Source: CoinSpeaker

Binance IEO Effect dwarfs ‘Coinbase Effect’ as users get rich off Binance’s IEO tokens

The ICO boom of 2017 was the major reason behind many altcoins pumping massively. Several coins without proper resource allocations raised millions of dollars and delivered nothing, while coin holders took profits. However, SEC’s crackdown put an end to such scams and paved the way for other investment methods for people who wanted to launch new crypto-coins, some of which include STOs [Security Token Offerings] and IEOs [Initial Exchange Offering].
The latter became quite famous as it was spurred by the world’s largest exchange, Binance. The exchange made sure to migrate Binance Coin [BNB]  from Ethereum blockchain to their own blockchain. This was followed by an announcement that allowed other projects to move from ERC20 platform to Binance Blockchain.
The launch of BNB on its mainnet was followed by the launch of Binance DEX and a platform called Binance Launchpad, for its famed IEOs. The launch of BitTorrent’s token sale on January 31 made approximately $7.2 million and in less than 15 minutes of launch, it had a hard cap of $7.2 million. The second token, Fetch.AI, sold out within 22 seconds of launching and had a hard cap of $6 million.
Unlike ICOs, IEOs bring trust back to the ecosystem by reintroducing centralization. It involves a middle man and centralized authority, in the form of an exchange platform.
So far, Binance has listed 5 tokens excluding the Bread token, that was launched December 12, 2017. The other tokens include BitTorrent, Fetch AI, Celer, MATIC, and Harmony.

The above table tracks the percentage rise in the price of the tokens after being listed on the exchange. BitTorrent tokens were sold at $0.001865 during the public sale, with the price surging by a whopping 975% to the price at press time. However, the price of BTT surged by 1454.17%, after it hit an overall peak point of $0.001865.
Fetch AI, whose tokens sold out in 22 seconds, is currently down by -78.19%. However, at the peak price point, it surged by 294.69%, which was the second lowest surge of all Binance listed tokens.
Celer project which was listed on March 25, 2019 with a hard cap of $4 million did a peak surge of 287.91%. However, at press time, it was up by 182.37%. The largest surge was seen on MATIC token which was listed on April 26 and had a hard cap of $5 million. The total surge, at press time, was 774.87%, whereas the surge at peak price was 1,611.03%. The last token to be listed on Binance Launchpad/IEO was Harmony Token, which surged by 618.02% at press time, and had a peak surge of 882.68%.
CZ tweeted an excel sheet which tracked the returns of the coins listed on Binance IEO.

Projects that went through @binance Launchpad. Congrats! pic.twitter.com/YKIIGyHmJZ
— CZ Binance (@cz_binance) May 19, 2019

There is a clear surge in the price of the coins after being listed on Binance Launchpad, which is something similar to the effect seen on coins listed on Coinbase, which is informally termed as the “Coinbase Effect.”
XRP, the third largest cryptocurrency in the world, has a huge and probably the most active community right after Bitcoin’s, and saw a similar effect on its price when it was listed on Coinbase on February 25, 2019. The price of XRP against USD surged by approximately ~8.45% in under 3 hours whereas, the price surged, consolidated, and fell after 24 hours, i..e, it came down to ~3.35%.
XRP was the best coin listed after the “Coinbase Effect” was waning, so one can say that the effect wasn’t as much as the effect of previously listed coins that include Ethereum Classic [ETC], ZRX Token, Basic Attention Token [BAT], and Zcash [ZEC].
ZEC surged by the second lowest percentage within 3 hours of the announcement, i..e, 16%, with the surge falling down to 0.1% by the end of the day. ETC saw the highest surge after being announced i.e., it rose by 25.8% in 3 hours, ZRX surged by 29.8%, and BAT surged by approximately 20.6%.  The Coinbase Effect faded as time passed by and it is hardly noticeable as of today, unlike the Binance IEO effect, which gives more returns than the Coinbase effect.
In retrospect, if an investor would have invested $1000 during the public sale of MATIC tokens, the investor would stand to gain ~$16,100 by holding them for only 25 days. If the same amount was invested in BTT, the investor would gain ~$14,500 for holding the tokens for 117 days. The best investment would be Harmony Token, if the user had invested $1,000, he would stand to gain $8,800 in only 5 days. The gain for all of the aforementioned tokens is after deducting the investment.
The post Binance IEO Effect dwarfs ‘Coinbase Effect’ as users get rich off Binance’s IEO tokens appeared first on AMBCrypto.
Source: AMB Crypto

Bitfinex’s LEO Spikes 32%, Passes IOTA on Crypto Leaderboard

LEO surges, up 32 percent
FOMO likely accelerating LEO demand

The tokenization of BitFinex through the sale of LEO tokens was an opportunity for investors to draw maximum benefits from a liquid exchange. At the time of writing, LEO is up 32 percent week-to-date.
LEO Price Analysis
Fundamentals
Desperate times call for desperate measures. That’s the adage that BitFinex’s owners, iFinex Limited, heeded, quite literally. Faced with insurmountable pressure upon the damaging revelation that the exchange used part of Tether Limited’s fund to fix a deluge, the management settled for an Initial Exchange Offering (IEO).
The objective was quite clear and brazen: crowdfund $1 billion in USDT from private investors. That meant tokenizing the exchange through the Unus Sed LEO tokens. Hardly surprising, Justin Sun was said to be among one of those who had made applications for consideration.
However, reports had it that he pulled out, it was apparent that opportunity seeking billionaires couldn’t leave this lying. Of the many investors who kept decided to keep it low key, the outspoken “china’s BTC billionaire” Zhao Dong, notified the community of BitFinex’s plans:
“Leo tokens are intended to be the utility token at the heart of the iFinex ecosystem. Token holder will experience immediate benefits across iFinex trading platforms, products, and services including LEO holders’ taker fees will be reduced by 15 percent overall crypto-to-crypto pairs (including crypto to Stablecoin. Taker fees…reduced by an additional 10 percent overall crypto pairs. For traders with an average >$5,000 USDT in LEO tokens in their account during the previous month…etc.”
Candlestick Arrangement

Considering the benefits, it was highly anticipated that the coin sold out in minutes, gifting BitFinex the much-needed liquidity. However, for investors, LEO prices sunk. Upon listing on May 20th, LEO prices dropped from $2.49 to $1.025 before closing at $1.07.
Even though it was seven percent in the green, investors were shaken. Presently, LEO on a recovery path, adding 96 percent and changing hands at $1.96 against the greenback. As a result of this, LEO’s market cap is $ $1,959 million surging 32 from week-to-date.
Technically, hype alone will shore LEO as investors don’t want to miss another BNB moment. Therefore, even though prices could react at $2.15 or the 78.6 percent Fibonacci retracement, bulls will likely prevail in the long term. Thus, for the savvy trader, every dip is another buying opportunity. Stop limits at $1.55 could be the safety net just against there is an unexpected liquidation.
Technical Indicators
Noteworthy, trading volumes are increasing. That is buoying bulls, which is positive. Breaks above May 20th high at $2.15 should ideally be with high trading volumes exceeding 3.95 million of June 10th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
 
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Crypto Analyst: IEO Tokens Matic, Harmony One, More to Bring 1000x Returns to Holders

Upon any visit to crypto Twitter or any online cryptocurrency community for that matter, and you’ll be hard pressed to avoid over the top shilling of the recent IEO tokens, notably the Binance Launchpad-born tokens, Harmony One, Celr, Fetch, BitTorrent Token, and the Coinbase Ventures-backed Matic.
While the shilling may be relentless, the incessant mentions of these tokens could be other crypto traders doing the community a solid. A common thread throughout the crypto space is that these hot and hyped, shiny new tokens have serious momentum behind them, and have never experienced a bull market before.
Matic, Fetch, Celr, BitTorrent, Harmony One: IEO Coins Could 1000x
During the 2017 crypto bull run, there were two major factors in capturing the mainstream media and public’s attention: Bitcoin and its meteoric rise to its all-time high of $20,000, and the initial coin offering craze that allowed eager crypto investors to get in on the ground floor of a blockchain or crypto startup, and often led to enormous gains. But that bubble popped, and ICOs quickly found themselves in the crosshairs of the United States Securities and Exchange Commission and those that launched the popular crowdfunding efforts are being accused of unlawfully offering unregistered securities.
Related Reading | Matic Moons on Binance Launchpad Endorsement 
Now, as a new bull market begins to take shape, crypto analysts are expecting tokens born from a new crypto crowdfunding trend called the IEO – the initial exchange offering – to replace the ICO explosion, and the early coins birthed by such a format could bring crypto investors who buy and hold the new assets as much as “1000x” returns in future.

I haven’t said anything so far about$ONE$MATIC$BTT$CELR$FET
But if the past ICO pattern repeats, some of the new IEO coins may deliver 100-1000x returns from IEO price/lows with Buy & Hold approach
Does any of them have a potential & Why?#Bitcoin #Crypto #IEO REPOSTING
— Trading Room (@tradingroomapp) June 11, 2019

According to one crypto analyst, these IEO tokens, namely the Binance Launchpad tokens, are primed and ready to become the top performers during the next crypto bull run that is starting to take shape. The bullish analyst believes that these IEO tokens could repeat the pattern of the ICO boom, and “may deliver 100-1000x returns” with a buy and hold strategy.
This means that simply buying an IEO early enough, could bring investors 1000x returns without having to make any additional trades.
Price Discovery and Lack of Resistance Can Send New and Hyped Crypto Prices Sky High
It’s not just IEO tokens like Matic and Harmony One that are being positioned by leading crypto analysts as the next bull run’s top performers.
Like IEO tokens, some other, newer cryptocurrencies are garnering far more hype than any of the tokens from previous market cycles, except for maybe Litecoin, which has outperformed the rest of the space.
Other crypto coins with serious hype, are Ravencoin, Holochain, Tezos, Cosmos, and a select few others that have yet to experience a full-blown bull run. These tokens have also performed relatively well throughout the bear market.

Part of the reason for these tokens to surge so strongly, is due to the lack of the assets ever going through price discovery, and the lack of overhead resistance between current prices and the moon. But beyond these technical reasons, each of the IEO projects is also fundamentally sound, and has already received the support of the crypto exchange they were launched on.
Related Reading | Ravencoin, HoloChain, and Binance IEO Altcoins Expected To Skyrocket Next Bull Run
In a market driven on pure speculation, the most hyped coins often perform the best regardless of use case, price, ROI, and more. Such hype  could cause investors to FOMO hard into these shiny new tokens and cause them to 1000x as analysts suggest.
The post Crypto Analyst: IEO Tokens Matic, Harmony One, More to Bring 1000x Returns to Holders appeared first on NewsBTC.
Source: New feedNewsBTC.com

Cryptocurrency Exchange Platform Bitsdaq Announces the Launch of Its IEO

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Cryptocurrency Exchange Platform Bitsdaq Announces the Launch of Its IEO
Bitsdaq, a secure, reliable, and advanced platform for digital assets that operates in Asia, is proud to announce the launch of its native Bitsdaq Token IEO.
Cryptocurrency Exchange Platform Bitsdaq Announces the Launch of Its IEO

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Source: CoinSpeaker

Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?

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Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?
In this post, by blockchain expert and professional tech researcher Gregory S Mathew, you’ll find what Initial Exchange Offering (IEO) is, how it differs from ICO and why this new fundraising model is widely considered to be crypto industry’s next disrupter.
Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?

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Source: CoinSpeaker

Binance Announces Harmony (ONE) Token Sale Results

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Binance Announces Harmony (ONE) Token Sale Results
Harmony Protocol initial exchange offering (IEO) went through its lottery ticket claim on Binance. The highly publicized token sale performed well, comparable to other Binance-based IEOs.
Binance Announces Harmony (ONE) Token Sale Results

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Source: CoinSpeaker

Bitfinex launches new IEO platform Tokinex following LEO token issuance

Bitfinex, the controversy-ridden cryptocurrency exchange, announced its collaboration with a hybrid Ethereum-based trading platform, Ethfinex, to launch an Initial Exchange Offering [IEO] platform, Tokinex. This development comes after the recent debut of Bitfinex’s exchange utility token [LEO].

After much development to ensure a user-optimised experience, we are proud to unveil the latest product in our portfolio, Tokinex, our new Initial Exchange Offering platform.
Read our announcement in full here: https://t.co/VQF4lPyAvC pic.twitter.com/NTSWtFaiRS
— Bitfinex (@bitfinex) May 21, 2019

According to Bitfinex’s official post, Tokinex will enable “qualified” customers to access pre-vetted token projects. The “qualifying projects” would be charged a fee, only if it underwent a successful sale.
Additionally, if the project successfully raises capital on the platform, it would be provided with unique offers like a dual exchange listing.
The post also elucidated that the first token on Tokinex would be announced on the May 23. However, following the uncertain regulatory climate in the US, users will not be permitted to participate in Tokinex. Customers from other “restricted jurisdictions” are also barred from participating in the IEO.
According to reports, Will Harborne, the Co-founder of the ERC20-based exchange platform was quoted saying,
“Tokinex has been several months in development, incorporating feedback, testing and learning to reach a quality level users have come to expect at Bitfinex and Ethfinex. It has been carefully crafted to put the user experience front and centre, from incorporating Block Pass for KYC that is easy to use and does not store personal data, to being able to contribute existing assets directly from the user’s own wallet, rather than having to purchase a native platform token to participate.”
Following the latest lawsuit by the New York Attorney General, Bitfinex was the target of significant hostility from the wider crypto community. However, Harborne is planning to leverage the attention for the platform’s upcoming token sales.
The post Bitfinex launches new IEO platform Tokinex following LEO token issuance appeared first on AMBCrypto.
Source: AMB Crypto

Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex
Today Bitfinex enters the popular business of initial exchange offering (IEO). The first sale on the new platform called Tokinex will be announced this Thursday 23rd May.
Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Source: CoinSpeaker

Why IEOs Might Drive New Investors to the Crypto Market

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Why IEOs Might Drive New Investors to the Crypto Market
In this article, we will be exploring the main reasons why IEOs may, in fact, drive a flock of new investors into the crypto market.
Why IEOs Might Drive New Investors to the Crypto Market

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Source: CoinSpeaker

Bitfinex Officially Reveals LEO Token Trading Date, Cites Completion of $1bn IEO

The latest post by Bitfinex crypto exchange reveals that they’ll list its newly announced utility token ‘UNUS SED LEO token’ on its platform on Monday, May 20, 2019.
Although Bitfinex and Tether was the hot topic earlier due to the shortfalls of USDT funds and the lack of stablecoin feature, the growing demand for LEO token since its announcement brought the most appealing scenario for cryptocurrency exchange.
Bitfinex confirms LEO token listing via its official blog on May 17, 2019. It states that the LEO trading on Bitfinex will begin at 8:00 UTC at the start of the upcoming week, Monday, the May 20th. Initially, the token will be paired against BTC, USD, USDT, EOS, and ETH.
The platform had earlier introduced the whitepaper of its LEO utility token on May 10th and according to the reports, the exchange has completed LEO token private sale successfully. As a result, Bitfinex was able to raise one billion USDT worth of Bitcoin, USD, and USDT.
Read also – Bitfinex Confirms it Raised 1 Billion USDT Through closed IEO
At the moment, nothing more about who bought the tokens in closed fundraising campaign was revealed but it stated that the response was overwhelming.
“The overwhelming response and expedient execution of the token sale represents a new milestone for Bitfinex and the greater Blockchain community,” the post said.
As for now, Bitfinex has fortunately raised expected USDT through its Initial Exchange Offering (IE)) of LEO token. Nevertheless, the listing and trading in pairs of limited coins will commence at the start of next week.
Let us know what do you think of Bitfinex’s success of raising one billion USDT through LEO token sale.?
Image source – Bitfinex blog
The post Bitfinex Officially Reveals LEO Token Trading Date, Cites Completion of $1bn IEO appeared first on Coingape.
Source: CoinGape

Initial Exchange Offerings: The Benefits and Limitations

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Initial Exchange Offerings: The Benefits and Limitations
In this article, we want to in-depth explain the benefits of IEO for your business and its limitation. Nonetheless, to give ultimate tips on how to run a profitable IEO project.
Initial Exchange Offerings: The Benefits and Limitations

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Source: CoinSpeaker