RAID, a decentralized game data ecosystem and Bittrex today announced that the Bittrex International digital asset trading platform will host the upcoming Initial Exchange Offering (IEO) of RAID’s XRD token.
The initial exchange offering will be used by RAID, an international gaming data blockchain project, to develop new technologies that reward gamers for sharing data that fosters improvements, marketing and new business development for gaming companies.
The IEO will officially start at 10:00 a.m. KST on Friday, March 15th.
Authorized users will be able to purchase XRD tokens using Bitcoin (BTC) directly on Bittrex International, the secure, reliable and advanced digital asset platform based in Malta. The offering marks the first IEO to be hosted on the Bittrex International Platform.
“We are committed to increasing adoption and moving the blockchain revolution forward. The ability for projects like RAID to innovate, advance, and promote the gaming industry on our platform is a game changer for all involved. And not just for RAID and our team. Now our international users have direct access to blockchain projects with the peace of mind that comes from Bittrex International regulated in Malta. We are excited for this IEO and look forward to helping similarly innovative teams connect with users to build their platforms for the future.”
“To have our IEO be the first of its kind on Bittrex International is a tremendous honor, considering their reputation and the highly selective process we went through to get here today. We, along with our core partner OP.GG, view this as a vote of confidence in our vision for this project and the gaming industry. This IEO will be crucial to making a more transparent gaming data ecosystem, and the businesses needed to achieve it, a reality.”
RAID (XRD) Initial Exchange Offering Details
Fully verified Bittrex International users can participate in the RAID IEO beginning at 10:00 a.m. KST on Friday, March 15th. The hard cap is 17 billion XRD, which amounts to ~6 million US Dollars. For individual accounts, there is a 30,000 XRD (~10 USD) minimum purchase amount and a 57 million XRD (~20,000 USD) maximum purchase amount. In the IEO, 1 XRD will be offered for 0.00000010 BTC. The amount of tokens sold during the IEO, assuming the hard cap is reached, will represent 17% of the total token supply. XRD tokens will be issued by ONERAID PTE. LTD, a Singaporean Company.
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