OKEx IEO Platform To Launch 9th Token Sale With Blockchain Startup ROADbr>
OKEx Jumpstart, the token sale platform of cryptocurrency exchange OKEx, will be launching its 9th token sale on November 14 with blockchain startup ROAD.
Launched earlier this year, Jumpstart serves similarly to the initial coin offering (ICO) model, allowing firms to sell tokens to finance early-stage projects. The key difference, however, is that both the project developer and the investors facilitate their transactions through a third party – a reliable exchange. The exchange acts as a guarantor and conduct a project due diligence check on the project team, which would bring about widespread publicity and a quicker listing process.
ROAD is committed to developing the auto-ledger, an internet-of-vehicles and intelligent transportation system built on individual interaction and cluster intelligence. It utilizes blockchain technology to offer practical commercial applications while also protecting user data privacy. The ROAD Token is created to coordinate resources exchange between vehicle nodes and heterogeneous chains.
ROAD has a total supply of 2,000,000,000 ROAD and will be available on OKEx Jumpstart at $0.01428 per ROAD, with an individual minimum subscription amount of 21,000 ROAD. OKB is the only token accepted for the subscription and settlement. The exchange rate of OKB/USD will be confirmed on the sale day. There will still be 2 subscription sessions on 14 Nov. The OKBelievers Exclusive Allotment Session will open at 04:00 (UTC), and the OKTraders Privilege Allotment Session will open at 05:00 (UTC). Following the token sale, the ROAD/USDK and ROAD/USDT spot trading pairs will be available at 07:00 and 09:00 Nov 14, 2019 (UTC) respectively.
Andy Cheung, Head of Operations of OKEx, said that blockchain technology is something they strongly believe in, and they are happy to support to ROAD.
“ROAD is more than an auto-ledger, it also benefits users through the practice and expansion of commercial projects,” Cheung said. “We are delighted to welcome the development of more new technologies on the market, such as internet-of-vehicle and 5G, etc.”