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Binance DEX announces first Initial Exchange Offering with Raven Protocol


www.chepicap.com 14 June 2019 14:30, UTC
Reading time: ~2 m

Following the success of Initial Exchange Offerings (IEO) on Binance exchange, Binance Decentralized Exchange (DEX) will be listing their first IEO later this month. 

The announcement will see Raven Protocol become the first project to run on the Binance DEX Launchpad. Raven Protocol (RAVEN) will be listed on Binance DEX on June 17th, and open for trading at 9:00 AM UTC.

RAVEN made the announcement stating that it will be the first project to run an IEO on the Binance DEX, talking about the Binance DEX IEO, Raven commented "this is something that’s never been done before. We are literally paving the way and setting a precedent for how projects could leverage the entire Binance Chain ecosystem. If successful, this could be a strong case study for how early stage projects can go from idea to expanding the crypto ecosystem. We want you to be part of this movement!"

While little is known to most about RAVEN or how Binance DEX will run the launchpad on their decentralized exchange, it could be the start of a new successful IEO platform.

RAVEN also commented on the fact that all 11 out of 11 Binance Chain validators voted yes for Raven Protocol to be listed. Binance have not outlined anything about running IEO's on their decentralized exchange at this time and more information will be expected on this in the future.

.@raven_protocol has announced its IEO on @Binance_DEX (the first IEO on Binance DEX).
Date: June 17, 9:00 UTC
IEO Hard Cap: $500,00
Participation format: FCFS
Max individual cap: 100 $BNBhttps://t.co/7MvT2oa9Im@binance @cz_binance pic.twitter.com/ESZN8lYbWA

— ICO Drops (@ICODrops) June 14, 2019

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