How to Buy IEO Tokens in 5 Steps

Zonda
BitBay Exchange Blog
3 min readJan 22, 2020

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QAN IEO on BitBay

The 20th of January 2020, was the historical day for BitBay. On 6 A.M. the premiere IEO token sale started. This is one of the very first IEOs in which users can buy tokens for FIAT currency — USD, EUR, GBP and PLN.

Credit: geralt/pixabay

New service by BitBay

BitBay IEO Launchpad is the latest product of the exchange team. The service enables startup owners and entrepreneurs to organize IEOs and raise funds through a token sale.

The exchange is joining the competitive market. However, BitBay offers additional value for both businesses and investors by providing an opportunity to buy tokens with FIAT currencies. Purchase of IEO tokens is possible directly from a user balance on BitBay in the following currencies: BTC, ETH, USDC, PLN, EUR, USD, GBP. Moreover, thanks to the Launchpad, exchange users can easily access information about projects such as a whitepaper document, project description delivered by the token issuer and explore additional links to learn more before making a purchase.

The first IEO on BitBay

QAN Blockchain Platform with its QARK token is the project which breaks the trail for the others on BitBay.

QAN Blockchain Platform powered by Centrum Circle introduces itself as a quantum-resistant, energy-efficient and enterprise-ready blockchain platform that runs smart contracts in all major languages. Its goal is to meet the real demands of the world of financial institutions and industries adopting crypto.

How to purchase QARKs on Initial Exchange Offering?

There are two requirements to participate in IEO.

  1. A user must complete the KYC (Know Your Customer) process. Here you’ll find complete instructions on how to do that.
  2. Funds available on your BitBay account. As mentioned earlier, the user can purchase IEO tokens both with FIAT and some cryptocurrencies (BTC, ETH and USDC). Here you’ll find how to deposit cryptocurrency on BitBay, and here how to deposit FIAT currencies.

If you meet the requirements above, you are ready to go!

Step 1. Log in to your BitBay account and go to the “Launchpad” tab on the left.

Step 2. Check the list of the IEOs available. After selecting “Invest now”, you’ll be directed to the landing page with overall information provided by the token’s eminent.

Step 3. If you find that particular project attractive and worth investing in click “Buy” on the right and select the currency in which you want to pay.

Step 4. Read and accept the IEO Terms.

Step 5. It’s all done in less than two minutes! You can find the history of your investments in the “History” tab on the left.

Special offer for the start

The sale of QARK tokens is divided into 3 pools. The first buyers get the best deal. The early bird price of 0.27 USD/QARK is available for a limited time only.

Will you participate in this IEO? Let us know in comments what do you think about Initial Exchange Offering!

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Zonda
BitBay Exchange Blog

Zonda (ex-BitBay) is one of the largest digital currency exchanges in Europe with over 1 million users.