There was plenty of hype surrounding Pledgecamp’s IEO which took place on OKEx, as the first round sold out within 2 seconds. On Thursday August 22 , Pledgecamp officially became the 7th project to successfully host an IEO on OK Jumpstart, OKEx’s dedicated token launch platform.

Met with a lot of enthusiasm, the first subscription which session opened at 06:00 (CEST, UTC +2) sold out within 2 seconds, whilst the second round commenced at 07:00 (CEST, UTC +2). As anticipated, the second IEO round sold out at similar fashion within the 10-seconds mark finalizing the end of Pledgecamp’s IEO.

Pledgecamp is a project looking to disrupt the multi-billion dollar Crowdfunding space, taking on giants such as Kickstarter & IndieGogo with the help blockchain. Pledgecamp looks to combine traditional crowdfunding with distributed ledger technology, by essentially leveraging smart contacts to create an escrow system without need for a centralized middleman, dubbed as ‘’Backer Insurance’’ that ensures to protect investors during the crowdfunding process.

Now that the 2 rounds & IEO are completed, the next big step for would be the exchange listing of PLG, which is yet to be announced but according to the Pledgecamp community, the trading of the PLG tokens will likely commence in the coming weeks - months.

Upcoming Exchange Listing

With the token debut, what does this mean for the community? Well, for individuals that haven’t got to partake in the IEO (due to it selling out an instance) upon the Exchange listing, PLG tokens will be made available and tradable on the markets. PLG tokens play a vital role in the Pledgecamp Ecosystem, as acquiring Campshares tokens (CS) is a requirement for individuals interested in becoming a Moderator. On Pledgecamp, Moderators are the ones who enforce the community standards of the platform.

In this way, quality control is done in a decentralized way and not by any centralized authority. Essentially, you’ll need PLG tokens to become a moderator of the upcoming Crowdfunding platform and let’s not forget to mention that there’s an incentive for those looking to participate early on

Having completely sold out the entire batch of allocated PLG tokens, what makes this Token sale an even more impressive feat is the fact that Pledgecamp has become the fastest-selling IEO on OKEx Token launchpad as tokens were quickly acquired by eager investors keen to retrieve their allocation.

The token sale was conducted with OKB, raised approximately $2,000,000 for PLG token, or 12.50% of the overall token supply. The team has stated these new funds will be used for further platform development, strategic partnerships, team funding, platform incentives and rewards for project creators.

For more Information:
Website : www.pledgecamp.com
Telegram: https://t.me/pledgecamp
Twitter: https://twitter.com/Pledgecamp
Medium: https://medium.com/pledgecamp