Decentralized YouTube alternative VibraVid has announced that it will host the upcoming initial exchange offering (IEO) of their BeatzCoin token on the ProBit cryptocurrency exchange. The first round of the IEO will take place on Sept. 30.
The next fundraising craze
IEOs, which emerged as a safer alternative to ICOs, are shaping up to be the main means of fundraising in the Blockchain space. Malta-based crypto behemoth Binance has already launched multiple projects on its Binance Launchpad platform.
Before settling down with ProBit, VibraVid reviewed “hundreds” of IEO alternatives. However, the South Korean exchange appeared to be a perfect fit given its security measures and a plethora of listed coins.
ProBit conducts the AML/KYC procedure within 24 hours after receiving the user’s documents. Once customers get verified, they get access to 271 trading pairs.
BeatzCoin’s big moment
The launch of this IEO product is supposed to give a major recognition boost to BeatzCoin, which has recently surged to second place on the Tron Superepresenative list. It underpins the VibraVid platform that wants to reward online content creators with their fair share.
As reported by U.Today, BeatzCoin recently teamed up with hardware wallet manufacturer Ellipal to allow holders safely store their coins.