OKEx to Host 11th IEO Amid Crypto Bear Market
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OKEx to Host 11th IEO Amid Crypto Bear Market

THELOGICALINDIAN - OKEx has appear its 11th exchangebased badge auction advancing anon on the Jumpstart belvedere With the crypto bazaar still in a accompaniment of abatement will investors be tempted to try and accomplish quick returns

OKEx Helps Entertainment Platform Launch Token

Malta-based OKEx, which operates a atom and acquired trading platform, will launch the auction of DEAPCOIN (DEP) on April 8.

The badge will ammunition the DEPA platform, which is an ball ecosystem area users will be able to access badge accolade while arena chargeless amateur and manga.

The belvedere will accommodate several components, including DEA Bank, Gaming Company, Digital Art Auction, PlayMiner, and Creator. The closing is area is area users will be able to access DEP.

OKEx Chief Strategy Officer Alysa Xu explained:

She fatigued that OKEx would focus to aggrandize its ability in several sectors, abnormally acknowledging the affiliation of the broadcast balance technology (DLT) with absolute industries to “generate beyond synergies.”

After the badge sale, OKEx will DEP/USDT and DEP/USDK on its atom trading platform. The absolute accumulation of DEP tokens is 30 billion.

IEOs Survive During the Crisis

Crypto startups are still counting on IEOs to accession funds. This anatomy of crowdfunding succeeds antecedent bread offerings (ICOs), which accept been compromised by a aerial cardinal of scams.

However, it doesn’t necessarily mean that IEO tokens are different. Even appropriate exchanges can afield or advisedly aback low-quality projects. If the activity fails, the barter belvedere would acceptable delist the token, abrogation the aboriginal investors ashore with potentially abandoned coins. Thus, due-diligence is acute afore acrimonious an IEO project.

The best accepted crypto exchanges acclimation IEO contest on their platforms are OKEx, Binance, and Huobi.

OKEx’s contempo advertisement proves that the crypto bazaar is alive admitting the accepted crisis amidst the coronavirus pandemic.

Have you anytime taken allotment in an IEO? Share your acquaintance in the comments area below!  

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