Bittrex Exchange to host an Initial Exchange Offering (IEO)

Bittrex, one of the larger crypto exchanges announced to host an Initial Exchange Offering (IEO) on April 30, 2019.

The firm recently posted via twitter – According to the post, completely verified Bittrex International users can participate in the Ocean Protocol Initial Exchange Offering (IEO) beginning at 16:00 GMT / 18:00 CEST on Tuesday, April 30th.

Basically, Ocean Protocol is a decentralized data exchange protocol to unlock data for AI. With the help of  blockchain technology, Ocean Protocol links consumers and data providers. Thus, enabling data to be shared and ensuring transparency, traceability, trust for all stakeholders involved.

It provides data owners to have control over their data without being locked-in to any single marketplace. Ocean Protocol aims to start a new data economy by bringing decentralized blockchain technology, a data sharing fry announceyystem together for related services and data.

However, for every account, there is an 83.33 OCEAN of nearly $10 USD minimum purchase amount. And a 41,666.67 OCEAN nearly $5,000 USD maximum purchase amount. In the IEO, each OCEAN token will be offered for approximately $0.12 USD.

Note : The price per OCEAN token will be set in BTC within 24 hours of the start of the IEO.

The amount of tokens sold during the IEO, assuming the maximum sale amount is reached, will represent 15.97% of the initial circulating supply.

Moreover, customers who wish to buy maximum number of tokens in the public sale may purchase tokens through the Bittrex OTC Trading Desk. OCEAN tokens sold through the Bittrex OTC Desk may be sold by holders other than Ocean Foundation. On the other hand, the minimum transaction amount on the Bittrex OTC Trading Desk will be approximately $100,000 USD.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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