Bittrex Reinvents the ICO: “Initial Exchange Offering,” Launches $6M Token Sale102

Bittrex International, a US-based cryptocurrency exchange headquartered in Seattle, announced that it will be hosting the first Initial Exchange Offering (IEO) fof RAID’s XRD token later this month. According to the company’s official blog post, the hard cap for the IEO is 17 billion XRD, with the company aiming to raise around $6 million.

The current bearish market is forcing blockchain and crypto companies to adapt to a hostile market environment by coming up with new ways to raise both money and awareness.

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