The “IEO” craze has been a major catalyst to kickstarting the bulls back up and waking up the sleepy industry as the bitcoin has started to confidently go up. And as you know, our team has been working on launching our first Initial Exchange Offering (IEO). The the last couple of weeks were truly intense for us.

Today we are happy to announce officially that EVED token will be launched through one of the biggest and most credible exchanges — BitForex.

The date and the timing of the launch are also finally confirmed: 16th of April, 5 pm HK time (GMT+8).

The official announcement has also been made on behalf of the BitForex exchange: https://support.bitforex.com/hc/en-us/articles/360026738671

Join our Telegram channel to participate in the conversation and follow all the updates: https://t.me/evedoco

Why IEO?

For Evedo, it is an interesting opportunity in two separate ways. First, it is a way to raise funding for further product development without the traditional VC investment model. Secondly, it is also a fruitful opportunity as a Marketing strategy and spreading the word about what we are trying to build in markets, networks and communities who are quite different.

IEOs are perceived as much more credible as the exchanges do extensive due diligence on the projects before they consider their application. In our case, we waited more than three weeks just for the internal teams of BitForex to do due diligence on our papers, company incorporation, team, token, token economics, business model, etc.

If you want to know more about the IEO process, read our article on the subject.

What do you need to know about Evedo’s IEO?

— There is a total supply of 160 000 000 EVED tokens.

— 29 000 000 EVED tokens will be offered in the IEO on BitForex. This is 18,1% of our total token supply.

— The price at the event: 2000 EVED = 1 ETH at 0.0005 each through the Bitforex platform. Users will buy directly from Bitforex in this case.

— This comes to approximately $2,5M USD sold.

— The sale will be conducted in ETH.

— The token will be published for trading in the BitForex exchange ONE WEEK after the end of the Initial Exchange Offering. The trading pairs will be BTC/EVED and ETH/EVED.

Bonus Scheme During The Event:

Bonus structure:

First 100 people who participate take a 20 % bonus. Next 200 people who participate take a 15 % bonus. Next 200 people who participate take a 10 % bonus. Next 500 people who participate take a 5 % bonus.

Bonuses will be destributed 3 days after the IEO.

BitForex: https://support.bitforex.com/hc/en-us/articles/360026738671

Evedo online:

Bitcointalk: the thread will soon be announced.