ACCESS Newswire
11 Jun 2019, 21:07 GMT+10
SINGAPORE / ACCESSWIRE / June 11, 2019 / Today at 10:00am EST, STP Network conducted an IEO on the popular Bittrex International exchange which sold out in a fraction of a second. The initial offering of 75 million STPT tokens marks a record as the fastest initial exchange offering to date and implies large demand upon official listing later today.
The token sale was conducted with Bitcoin, requiring those who contributed to send BTC totaling between $10 and $2,500 USD, raising approximately $750,000 for Standard Tokenization Protocol, or 3.75% of the overall token supply. The team has stated these new funds will be used for further protocol development and the creation of a mobile app for retail users.
While Bittrex's IEO platform has had mixed reviews in the past, some are viewing the success of STPT's token sale as the end of Bittrex's struggling token sale history.
Given the success of the IEO and the record-breaking speed, all eyes will be on the STPT token listing which will officially begin live trading at 8:00pm EST tonight.
Mike Chen notes, 'we are going to continue bolstering our level of service. After a series of successful raises with strong partnerships behind us, we are confident in meeting our roadmap goals for 2019 and will be excited to share more news and developments in the coming months.'
About Standard Tokenization Protocol
Standard Tokenization Protocol (STP) is an open-source standard defining how tokenized assets are issued and transferred while complying with all necessary regulations at the token level. Standard Tokenization Protocol allows assets to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any platform.
For more information, please visit:
Website: https://stp.network/
Telegram: https://t.me/STPofficial
Twitter: https://twitter.com/STP_Networks
Medium: https://medium.com/stp-network
Whitepaper: link
SOURCE: STP
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...