Binance Announces Its New IEO!
Binance Announces Its New IEO! Binance, one of the world’s leading crypto exchanges, has announced its new venture in the IEO series, where it has paused for a while. In fact, Wazirx, which Binance decided to do IEO, will be familiar to the ears of many cryptocurrency investors.
Binance Announces Its WazirX IEO!
Binance bought Wazirx, an Indian-based cryptocurrency exchange, last year. Although Binance could not be predicted what to do with it at that time, now it falls into place.
According to the information announced by Binance in the bottom tweet, BNB account records for IEO were started on January 4, 2020, and will be finished on February 3, 2020. The stock exchange’s own token, WazirX (WRX), will be sold for a total of 100 million. There are a total of 1 billion WRX and this sale covers 10%. It is reported that the value of 100 million WRX is 2 million dollars.
This time, Binance announced that a total of 10,000 tickets in total could be among the winners as a result of IEO. Up to $ 200 can be invested for each ticket.
No more "When WRX?" It's coming soon on Binance Launchpad!! 💥💪
Prepare for launch 🚀https://t.co/GI6MDyh43z
— WazirX (@WazirXIndia) January 21, 2020
It is a matter of curiosity how much increase Binance can bring this time with the IEO method, which lost its appeal especially towards the end of 2019. The cryptocurrency exchange that Binance bought made IEO was a reaction.