Exmo Coin IEO Proves Successful, Sells Out Before Deadline

Exmo Coin IEO Proves Successful, Sells Out Before Deadline

EXMO has announced that results of their IEO that saw investors buy up the entirety of their native coin, EXMO Coin (EXM) that were on offer.

The IEO that took place on Friday afternoon (1/8/2019) saw a total of 157,022,513 EXM sold, which is the equivalent to 141 BTC. Thus having a current market value of somewhere in the range of €1370802, making it quite the haul for the cryptocurrency exchange’s native coin’s first offering.

During the IEO, investors were able to buy the new coin at a 10% discount of its actual value, with each coin costing 0.0000009 BTC each. There was also the option to buy the coin at an even lower value, with a 15% discount, for a week prior in a closed pre-sale round, although the minimum buy was higher.

Speaking after the IEO, CEO of EXMO, Sergey Zhdanov noted, “Implementation of our own native token is an important step in the development of the platform. Our users’ positive attitude for the EXMO Coin idea is very important to us! Our next goal is to implement EXM into the platform’s ecosystem: traders will be able to get lower fees and many other benefits and bonuses of trading on EXMO”.

We are now edging closer to the listing of the EXMO Coin, which is scheduled for 3 days after the third stage of the Exmo Coin Launch. However, there is no official date for this just yet but we expect updates on this some point later next week so should stay tuned for that.

Of course, as previously mentioned in other posts discussing the launch of their naïve coin, holders get significant benefits linked to the Exmo exchange platform. Most notably, being able to convert amounts of cryptocurrency that are too small to trade, known as cryptocurrency dust, into withdrawable funds and the option to vote on future listing on the platform.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

ChangeNOW,Decentralised,Fraud

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021
ChangeNOW,Cryptocurrency,Investment

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021
eToro,Investment,Trading

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021
Binance,Bitcoin,token

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021
Blockchain,Casino,Ethereum

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Meanwhile, we invite you to check out other Bitcoin casinos from our […]

12 August, 2021
Binance,Casino,Cryptocurrency

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021
Binance,Bitcoin,SEPA

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021