ProBit Crypto Exchange Conducts IEO Of LINIX Project In Five Seconds
The initial exchange offer (IEO) of the LINIX project on the South Korean trading platform ProBit took only five seconds, as follows from the official website of the latter.
The price of one LINIX token (LNX) was $0.02, a total of just over 2.6 million coins were sold. The crypto exchange also announced the second part of the token sale, 5.5 million coins will be sold within its framework at the same price. LNX can be bought for bitcoin, ether, Tether, Ripple, and the own cryptocurrency of the ProBit trading platform (PROB).
The sale will not be limited to LINIX. Soon there will be several IEO related to other tokens. On Wednesday, March 20, the CharS coins will be sold, then a Steemhunt token sale is scheduled for March 22. The most active buyers will receive various bonuses and gifts.
It should be noted that initial exchange offerings are becoming increasingly popular in South Korea since ICOs are banned in the country. Trading platforms bypass regulatory restrictions using IEO.
The most well-known platform for IEO is Binance Launchpad, where the Celer Network (CELR) tokens will be sold from March 19 to March 24. CELR will be available only for Binance Coin (BNB).
As previously reported, the Bittrex crypto exchange plans to launch a platform for initial exchange offerings.