Giving you a detailed breakdown of the IEO Mechanics
Another Initial Exchange Offering (IEO) on ABCC Hive has arrived! Introducing to you Poseidon Network, a project that rewards you for sharing idle resources such as idle bandwidth and storage space on your phone or desktop. You can find a detailed breakdown of the project in this post.
For this IEO we will be partnering with ChainX again as the lead for this IEO. Here are the full details you should know to take part in this IEO.
Poseidon IEO Mechanics
- Total Supply: 21 Billion QQQ tokens
- Number of Tokens Sold: 300 Million QQQ Tokens
- Price of Token: $0.002 USD
- Minimum Buy-in Amount: 50 USDT
- Maximum Purchase Amount: 8,000 USDT
- IEO Period: 13–17 May 2019
- Listing Date: 18 May 2019
Similar to past IEOs, the QQQ tokens will be disbursed through a batch release mechanism. The token release schedule is as follows
The batch release mechanism will better protect our users in the event of a massive price drop from a sell-off. Please note that distribution schedule of tokens is the same for both ABCC Exchange and ChainX Exchange.
ChainX IEO Partnership
Due to a successful partnership for the previous IEO, we will continue to partner with ChainX for the Poseidon Network IEO. Please find in the table above the main points of difference in the IEO mechanics.
IEO will officially start on 13th May, 15:00 (UTC+8) Take part in the Poseidon IEO today!