JobCoin will launch IEO with BitKing, which boasts the world’s largest leverage of 200x, following IEO on CoinBene.
Details will be available on the BitKing site. While on CoinBene, only BTC can buy JobCoin, however on BitKing, it can be purchased by six currencies: BTC, ETH, BCH, XRP, ADA, XLM.
BitKing IEO website：https://bitking-trading.com/IEOinfo.html
IEO Duration: 15 May 2019 (Wednesday), 21:00 JST to 16 May 2019 (Thursday), 23:59 JST
IEO Lock-Up and the bonus rates:
- Locked for 1 month – 10%
- Locked for 3 months – 20％
- Locked for 6 months – 30％
- Locked for 1 year – 50％
BitKing is a leverage exchange that boasts the world’s largest leverage ratio of 200 times.
With BitMEX’s 100-fold leverage rate, BitKing’s ability to leverage 200-fold makes it an attractive exchange.
The JobCoin token holders can use it as margin, since it has been officially adopted as Bitking’s Exchange Platform Token, and reserved currency for margin trading.
What is IEO (Initial Exchange Offering)?
IEO (Initial Exchange Offering) refers to the fundraising which the project consigns a specific exchange for selling and distributing tokens to their investors. When IEO starts, investors can directly purchase tokens from the exchange.
In addition, the chance of investors will be fooled by fraudulent token sales is expected to be drastically reduced as the exchange performs preliminary screening of tokens.
In the previous IEO conducted by Binance, the “BitTorrent (BTT)” token sale ended in about 18 minutes pricing 10 times higher than the IEO original sale price.
Also, the “TOP Network (TOP)” conducted on HUOBI sold out within about 10 minutes and priced 17 times higher.