BitBay Enters Crypto Crowdfunding with First IEO Token Sale

Following in the footsteps of Binance's Launchpad, BitBay is presenting its own version of an Initial Exchange Offering (IEO) platform, which administrates crypto crowdsales on behalf of the startup that seeks to raise funds with its newly issued tokens.

A Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term firm called QANplatform, which says it builds an energy-efficient platform that relies on a new protocol, will be the first project to hold an initial exchange offering on BitBay’s Launchpad platform. The IEO sale of QARK tokens will go live on November 18, and BitBay is billing the token sale as the first to allow investors to buy IEO tokens directly through Euro, Polish Złoty and GBP.

As it stands, IEO encompasses a cryptocurrency exchange Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term third-party token sales on its platform, which allows potential projects to tap into the venue's user base and reach a wider audience. On the other side, the crypto exchange guarantees transparency since it enforces identity verification for all participants and thus helps protect investors from ICO scams.

Although there are similarities in the sale process for tokens listed through different IEO platforms, compared to Binance, questions remain as to whether token sales launched on BitBay will have the same kind of success. Demand on Binance's launchpad has been extreme, given the massive user base, with some IEOs having sold out in minutes. This led the world’s most active crypto exchange to introduce a lottery-like system, where participants must have a certain amount of its native token, the BNB, in order to qualify.

"Our IEO Launchpad has been created to provide investors with an all-in-one-place solution. We deliver the complete information about a project, as well as offer a simple process for buying tokens with both crypto and different FIATs (PLN, EUR, GBP, USD). By bridging this gap, even novice investors and no-coiners can participate in the sale," explains Paweł Sobków, CEO of Pinewood Estonia OÜ, a BitBay platform operator.