Bitsdaq, Bittrex’s exchange partner in Macau, Singapore, and Canada, announced today that they’ve raised $5 million in a private sale initial exchange offering (IEO) of its platform token, BQQQ. BQQQ will start its public IEO at — www.bitsdaq.com after the private IEO round closes.Bitsdaq verified users will have access to the token sale with a hard cap of $20,000.
Earlier this month, Bitsdaq announced that it was launching its IEO platform, Bitsdaq Launchpad, in the second quarter of 2019. After the announcement, the exchange received dozens of project applications for online IEOs. Bitsdaq will start reviewing IEO projects application officially on April 30th .BQQQ will be the first IEO project to launch on Bitsdaq Launchpad for verified users.
Bitsdaq chose BQQQ as the first token to be listed on Bitsdaq Launchpad for a number of reasons:
Bitsdaq use case: This April, according to reference data from SimilarWeb, Bitsdaq's website traffic ranked among the top three global cryptocurrency exchanges, following Binance and Coinbase. Bitsdaq has grown to over 2 million registered users in three months since it’s official launch. In the era of traffic-as-a-winner, Bitsdaq has achieved outstanding results in less than three months, which has laid a strong foundation for Bitsdaq’s development.
Investors are optimistic: BQQQ’s private sale round reached $5 million, with growing investor enthusiasm, and the private IEO sale is going very smoothly. The private IEO will come to a close on April 30, when it will be opened to Bitsdaq users for the public IEO sale.
BQQQ prospects: As the platform token of Bitsdaq, BQQQ will grow in conjunction with the Bitsdaq platform, which will help to drive user reliance on the platform. Investors can also obtain more benefits from holding BQQQ.
Presently, more than 1.2 million active Bitsdaq users hold BQQQ's candy token, BXBC. In the near future, the BQQQ landing page will be upgraded to support additional project parties with benefits like release assets, priority purchase rights, mainstream token trading, special share allocations, access to industry research reports, offline community events, and the promotion of diversification.
Bitsdaq is committed to building a world-class Asian blockchain asset trading platform by providing global investors with a safe, convenient, professional, and honest trading environment. Bitsdaq aims to become a leading international financial service provider. Bitsdaq Launchpad will offer a complete suite of services for digital asset projects like business model assistance, marketing and promotion, and providing encryption tokens for blockchain startup teams. The platform is put directly on the transaction, which is expected to effectively improve international market visibility and transaction liquidity of high-quality projects.
Bitsdaq is a secure, reliable and advanced digital asset platform operating in Asia and built on Bittrex’s cutting edge trading technology. The company provides opportunities and solutions for customers who want access to a wider selection of digital assets on a secure and reliable platform.
Release ID: 505565