• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
trade.io Launches Unique, Community-Led Crypto-to-Crypto Exchange
Nexo

Trade.io Adjusts Market Cap & Trade Token Price Based On The Rise in Ethereum And Demand for Lower Entry Point

Bitcoinist by Bitcoinist
5 years ago
in Press releases
0
Advertisement

Zug, Switzerland – trade.io announces that as a result of community response, the company has decided to take steps to enable greater participation in its highly anticipated ICO. This includes adjusting the entry price per Trade Token to a lower price to allow for broader participation and reflect the rise in Ethereum, which is used for purchase.


With the soft launch already achieved during the PRE-ICO, the price reduction lowers the upper level of the funds raised to approximately $135 million. The result of this reduction will be net positive for existing and future Trade Token participants as it will provide existing token holders with a greater amount of additional tokens, and will allow new participants the ability to obtain a larger amount of Trade Tokens. Additionally, the start of the ICO has been revised to December 5th, still concluding on the originally planned date of December 15th, 2017.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

On the changes, CEO, Jim Preissler commented:

One of the primary factors that prompted the price reduction was the ongoing rise in the price of Ethereum. We’ve been selling Trade Token based on the price of Ethereum, and the impact of the increase in its value has priced out many of the participants with a desire to get involved in trade.io. The trade.io community now numbers in the thousands, and we felt it was only fair to lower the entry point to allow greater participation, and still allocate a large amount of Trade Tokens to our loyal followers.

Preissler continued:

As previously announced, we have surpassed our soft cap of $5M in the first few days of PRE-ICO. The modified market cap, as noted, leaves us with plenty of room to execute upon all original initiatives and milestones. We’re anticipating some major announcements over the next 1-2 weeks and as a result, in order to communicate the updates, we felt it was in the best interest of the community to push back the ICO start date to December 5th. This will allow a more uniform ICO sale of which we are gauging tremendous interest, and will be fair to everyone who wants to get involved.

As a result of the lowered hard cap, current Trade Token holders will have their current allocation multiplied by a factor of 5 and this change will appear in their Members Area no later than close of business on November 22nd. 5, which has been outlined in the White Paper.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

PRE-ICO price will be modified to 1 ETH = 1,000 Trade Tokens for the remaining 3 days of PRE-ICO starting no later than close of business, November 22nd. Any prior purchases will have the allocation multiplied by a factor of 5, so everyone is treated equally on a pro-rata basis. ICO pricing has been modified to one standard price being 1 ETH = 625 Trade Tokens.

trade.io PRE-ICO is currently open until 25 November 2017. Find out more by visiting trade.io.

Media Contact:

trade.io
Attn: Media Relations
Bahnhofstrasse 21
6300 Zug, Switzerland
+41 43 508 1834
[email protected]


Images courtesy of trade.io

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

LBank Exchange Will List IX Token (IXT) on July 7, 2022

LBank Exchange Will List IX Token (IXT) on July 7, 2022

11 hours ago
Tron (TRX), Shiba Inu (SHIB) and Big Eyes (BIG) – Are Three Cryptos To Put On Your Watchlist

Tron (TRX), Shiba Inu (SHIB) and Big Eyes (BIG) – Are Three Cryptos To Put On Your Watchlist

11 hours ago
Was Dan Peña Right That Bitcoin (BTC) Is Dead? Small, Quality Projects Like Gnox (GNOX) Look To Be New Crypto VC Haven

Was Dan Peña Right That Bitcoin (BTC) Is Dead? Small, Quality Projects Like Gnox (GNOX) Look To Be New Crypto VC Haven

19 hours ago
LBank Weekly Listing Report, 4th July 2022

LBank Weekly Listing Report, 4th July 2022

23 hours ago
Chimeras Launches Open Alpha Version of Metaverse Game

Chimeras Launches Open Alpha Version of Metaverse Game

2 days ago
With Over 60% Gains, There’s Plenty Left To Run For Gnox (GNOX). Will New Regulation Spell The End For Dai (DAI) And TrueUSD (TUSD)?

With Over 60% Gains, There’s Plenty Left To Run For Gnox (GNOX). Will New Regulation Spell The End For Dai (DAI) And TrueUSD (TUSD)?

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.