CryptoXpress Initial Exchange Offering on Gate.io
We are incredibly excited that our Initial Exchange Offering (IEO), hosted by Gate.io, is happening TODAY. After an excellent IDO launch on Nov 12th with partners VentUp, Trustpad, and Prostarter, we look forward to continuing our public sale journey with all of our supporters, partners, and advisors.
IEO on Gate.io Startup Sale Details
GOAL: 50,000 USDT
Support: 20 USDT
Obtain: 14.286 XPRESS
Total: 2500 copies
To participate in Startup Sale, users will need to be VIP1 and above. Free participation in this event.
STARTUP SALE RULES
(1) Duration: 04:00 AM — 12:00 PM(UTC), November 15th 2021 (Orders placed by qualified users within these 8 hours will be treated equally.)
(2) To participate in Startup Sale, users will need to be VIP1 and above.
(3) Price: 1.4 USDT/XPRESS. Startup Supply : 35,715 XPRESS
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: 25% at TGE, 25% Bi-Monthly Vesting
(5) Users place orders using USDT.
(6) Users can place orders from 4:00 AM — 12:00 PM(UTC), November 15th 2021. Orders placed by qualified users within these 8 hours will be treated equally.
(7) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(8) Each type of currency can only purchase once with each KYC account.
(9) After 12:00 PM(UTC), we will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total.
(10) Trading starts time: November 16th 04:00 AM(UTC)
Allocation & Vesting Schedule
What are IEOs?
IEOs or initial exchange offerings are a method for fundraising by the use of cryptocurrency projects when they are first listed on crypto exchanges.
They are almost similar to ICOs, which are initial coin offerings.
But there exists a major difference between these two.
The investors in IEO have to buy these crypto assets with the tokens the exchange issues. Instead of buying them with the mainstream currencies.
What are the Benefits of IEOs?
After ICOs lost their appeal, cryptocurrency projects started fundraising through IEOs as investors found them more appealing.
Since they had a greater level of due diligence as compared to ICOs.
Their benefits include:
- IEOs make investors confident, as tickets are sold on trusted exchanges
- They have well-designed and easy-to-use user interface
- Their projects run smoothly as they offer development and marketing support
The commencement of Gate.io startup IEO is a must for every crypto investor, and if you are interested in the $XPRESS token, you can also participate.
Before we continue, a little about the $XPRESS token.
What is the $XPRESS utility token?
The $XPRESS utility token underpins the entire CryptoXpress platform, where investors will be able to avail of discounts and features by using the $XPRESS token when performing transactions within the CX mobile iOS and Android applications. CryptoXpress will provide investors further incentives to invest in its $XPRESS tokens through liquidity pool farming and staking rewards which will be announced in the upcoming weeks. The $XPRESS token vesting schedules have been designed through the advice of industry-leading organisations and advisors to ensure investor ROI, price stability, and token liquidity are maintained based on industry best practices.
Participate in our IEO Now.
You can go ahead and click here to participate in the Gate.io startup IEO.
Get in touch!
For further information about CryptoXpress, visit the company website at: cryptoxpress.com. Or go here to read their whitepaper.
Hurry now and join the crypto revolution by downloading the CryptoXpress app: https://bit.ly/2Wjz6dM
Join our Telegram to stay tuned about our CEX listing: https://t.me/cryptoxpress_chat
Social links and more: https://linktr.ee/CryptoXpress
