OKEx, Huobi and Kucoin Jump Into the IEO Game

[dragononcrypto]

OKEx, Huobi and Kucoin Jump Into the IEO Game

After Binance’s success with their Launchpad platform, more notable cryptocurrency exchanges are getting into the initial exchange offering space. We’ve previously covered Bittrex International planning to host its first IEO, but it has unfortunately been cancelled. Now, OKEx, Huobi and KuCoin are all getting into the mix as well.

OKEx's OK Jumpstart

In a March 12 press release, OKEx announced an IEO platform dubbed OK Jumpstart, although the company hasn’t revealed many details so far.

Huobi's Huobi Prime

The same cannot be said for Huobi, as the exchange has provided plenty of details about its Huobi Prime product. Huobi uses the term “Direct Premium Offering (DPO)”, although the concept appears to be almost identical to the IEO model.

Huobi Prime token sales will take place in 3 30-minute rounds, and the tokens purchased through the platform will be immediately tradeable against Huobi’s Huobi Token HT,. The exchange says it has developed measures to help prevent extreme volatility when the tokens initially start trading on Huobi. The first token sale to be hosted by Huobi Prime will be for the TOP token issued by messaging and communications startup TOP Network.

Kucoin's Spotlight

Kucoin’s IEO platform will be called Spotlight, and the exchange says it will announce the first project this week. As is now almost standard practice for IEOs, participants in the token sales will have to pay with the exchange’s own KuCoin Shares KCS, token.

Source: https://coincodex.com/article/3239/okex-huobi-and-kucoin-jump-into-the-ieo-game/