In the crypto industry, IDOs are a great way to market the platform to the audience. IDOs can help platforms establish their place in the competitive world and let people know about the services and capabilities of the platform. In the past, we have seen several blockchain platforms leverage IDOs to create hype for their company and get a quick boost for the future.
Recently, we saw a promising DeFi platform Cryption Network successfully launch their IDO on Ignition and Poolz. This IDO was immensely anticipated by their community and was sold out in a matter of minutes. The IDO was aimed to achieve Cryption’s goal of promoting mass adoption of cryptocurrencies among retail investors.
Details about the IDO
The whitelisting process for Ignition IDO started on May 29, 2021, at 11 AM UTC, and ended on June 01, 2021, at 4 AM UTC. The IDO began on June 8, 2021, at 11 AM UTC, followed by the listing of $CNT Token on Uniswap an hour after the IDO.
The vesting period for the Ignition IDO will be done in a phased manner, with one-third of done initially on Redeem on Ignition and the remaining over two months.
Poolz is a popular platform for organizing IDOs and Cryption decided to take advantage of its professional team.
The IDO for Poolz was done simultaneously as Ignition on June 8, 2021, at 11 AM UTC, which was followed by the listing of $CNT Token on DFYN an hour after the IDO.
Both the IDOs was successfully launched and sold out in minutes, which speaks about the potential and popularity of the Cryption Network.
You can access real time technical data for Cryption Network by visiting Dextools
About Cryption Network
Cryption Network is a decentralized platform to tackle the problems that hinder crypto adoption. The company simplifies the onboarding process of retail investors using its advanced suite of products.
The USP for Cryption Network is that it offers a low-fee DEX, a market maker capable of designing a market for all events, and exceptional service for assisting DeFi projects. $CNT token acts as the bloodline for the platform and can now be purchased on Uniswap and DFYN.