Bittrex Cancels RAID Offering After Project Terminates Partnership

Bittrex Cancels RAID Offering After Project Terminates Partnership
фото показано с : cryptobriefing.com

2019-3-14 20:43

Bittrex International has abruptly cancelled its first Initial Exchange Offering (IEO), mere hours before it was scheduled to begin. The exchange cited “significant, last minute changes” with the RAID (XRD) cryptocurrency project, saying they had no choice but to stop the IEO.

Bittrex broke the news on Twitter this afternoon.

Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly.

— Bittrex International (@BittrexIntl) March 14, 2019

RAID is a blockchain-based game data supplier, and its XRD offering was expected to be Bittrex’s first token sale. The sale was only announced on Tuesday, as Crypto Briefing reported. At the time, Bittrex’s CEO, Bill Shihara, said that the sale would provide the sector with a regulated token sale space; it was to be their contribution to help move “the blockchain contribution forward.”

 

This is related to a breakup with one of RAID’s key business partners. A game data analytics platform, OP.GG, had been a core partner to RAID and a “vital part” of their business model. The company decided to end its partnership with RAID a few hours ago, leaving Bittrex with little choice but to cancel the IEO.

Both companies’ websites have announcements confirming that their partnership is now at an end.  On RAID’s website it says the relationship had now been “terminated” because of “circumstances” at the partner company.

OP.GG has also distanced itself from RAID. “OP.GG has stopped all potential business discussions related to RAID project and there will be no economic and technical cooperation with RAID coin,” it says on their website. “In addition, OP.GG has no intention of developing any blockchain related business utilizing RIOT GAMES data.”

“OP.GG will take all possible legal measures against individuals or organizations disseminating false facts related to this,” it adds.

In a statement to Crypto Briefing, a Bittrex International spokesperson said the exchange cancelled as soon as it “became aware of this significant event”. Considering the important role OP.GG had for RAID’s viability, Bittrex “did not feel that it was in the best interest of our customers to move forward with the IEO.”

The author is invested in digital assets, but none mentioned in this article.

This article relates to breaking news. It will be updated as we learn more information.

Join the conversation on Telegram and Twitter!

The post Bittrex Cancels RAID Offering After Project Terminates Partnership appeared first on Crypto Briefing.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Hive Project (HVN) на Currencies.ru

$ 0.0045874 (-2.13%)
Объем 24H $10.918k
Изменеия 24h: -5.90 %, 7d: -1.60 %
Cегодня L: $0.0045874 - H: $0.0045874
Капитализация $1.882m Rank 999999
Цена в час новости $ 0.0032228 (42.34%)

bittrex raid project cancels offering partnership terminates

bittrex raid → Результатов: 11


Биржа Bittrex не будет проводить краудсейл проекта RAID

Криптовалютная биржа Bittrex не будет проводить начальное биржевое предложение (IEO) проекта RAID в свете вновь открывшихся обстоятельств. Trust and integrity are the most valuable assets of Bittrex International.

2019-3-14 20:51


Фото:

Bittrex проведет первое IEO на регулируемой ЕС платформе Bittrex International

Криптобиржа Bittrex проведет дебютное первичное биржевое предложение (IEO) токенов на торговой платформе цифровых активов Bittrex International, зарегистрированной на Мальте. Согласно пресс-релизу, регулируемая законодательством ЕС и Мальты Bittrex International запустит первое IEO 15 марта.

2019-3-13 16:17


Фото:

Событие года: как пройдёт первое IEO на Bittrex

Впервые за всю историю существования биржи клиенты Bittrex International смогут поучаствовать в Initial Exchange Offering (IEO). Компания будет продавать токены RAID напрямую от эмитента. Об этом сегодня объявили представители Bittrex в официальном блоге. IEO стартует 15 марта в 10:00 по...

2019-3-13 22:00