OKEx changes IEO rules on the Ok Jumpstart platform
OKEx Cryptocurrency Exchange this Thursday introduced new rules for conducting IEO on its Ok Jumpstart platform.
Users still have to keep OKB to take part in campaigns, however, from now on, the fixing of tokens on their accounts will be carried out at random times, which will limit the possibility of selling them in between.
Also, the time during which potential investors need to keep tokens will be increased from 7 days to 15.
There will also be the second phase of sales, during which all willing users can acquire tokens in proportion to the number of OKBs in their accounts. Earlier, Huobi has resorted to a similar practice.
OKEx promises to reveal information about its next campaign soon.
Investor discontent during the first IEO on the Ok Jumpstart platform could not be avoided - the token rate soared 19 times after the listing, while the number of users who managed to acquire it during the central part of the campaign was minimal.