IEOs are rapidly becoming popular in the world of crypto. A lot of projects are quickly taking the path of IEO to boost their token sales and register a good record.
IEOs have already become a famous way to sell out tokens in a record amount of time which has in turn seen many exchanges to turn to this amazing strategy.
Bittrex, another exchange that has taken the path of IEO, recently held an IEO for one of its clients, STP, and as the case has always been, sold out the IEO in under one (1) minute!
You can check out the details of the IEO in this recent tweet of theirs;
I was part of your AMA with the CEO where he talked about the project and IEO.
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How was the AMA session, can you share some good points, information discussed by CEO
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STP was ranked #1 on coincodex. That explains why the IEO ended in a short time. https://coincodex.com/article/3790/top-5-token-offerings-for-june/
What would be the listing price, any guess?
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For what I know about how this works. Price will plunge at first though.
It would pick much later
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I m seeing price is currently going down. But it will recover soon.
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That's pretty insane. Sold out under 1 minute. I guess it's going to be a huge success moving forward
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It's a clear indication that bots were deployed to carryout the purchase, How could they have gotten 314 buyers in less than 30 seconds who made an average purchase of over 300,000 tokens. The tokens were obviously purchased by whales and that would lead to price manipulations.
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Wow. This happened because of the credibility bittrex have gained over the years. I am not surprised tbh.
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well, we can jump to conclusion right now time will tell
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Really insane, you know it takes a lot of work to really achieve such and seeing this gives some sort of hope in the crypto community
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Considering how successful the STP IEO was, it seems like Bittrex can be really a competitor to the Binance launchpad.
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I expecte to hear some more similar news from bittrex. And giving the years of experience and existence owned by bittrex, they will indeed be a tough competition for binance
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binance is a formidable competitor right now buh bittrex still stand a chance
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Yes icos is becoming famous in crypto world and i have seen on telegram that team has plans for listing on multiple exchanges in coming days But exchange listings has not discussed till now but in future they might will share it all updates via our official channels.
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