First Round of BlockBurn IEO SOLD OUT BlockBurn Follow Feb 18 · 2 min read

After an extremely successful start to the BlockBurn IEO, hosted by ChainX exchange, we are proud to announce that we have sold out the first round of fundraising! The first round of fundraising was sold out within the first day of the IEO’s start. Our team and community couldn’t be more thrilled, the feeling is one of excitement towards the future of BlockBurn.

To those that have missed out on the IEO round two will begin on Thursday the 20th of February. So get in before it’s too late!

The funds raised in the IEO will be going towards the advancement and further development of BlockBurn in all areas. The funds allocation from the fundraising is as follows:

Product development: 50%

Marketing: 20%

Exchanges: 10%

Token buy back (and/or token burning): 20%

You Don’t Want To Miss This Opportunity

While we are elated that we sold out in the first round of the IEO, we were confident we would do so… BlockBurn is disrupting a huge industry, the gaming market in 2019 was worth an estimated $150 billion. The overlap of the cryptocurrency users and gamers is an apparent one and with such a common thread between both groups, crypto based gaming is a fertile industry, waiting to be developed.

Our team, alongside our partners are working hard at developing a crypto gaming network that hits the spot, one that ticks all the boxes.

It’s an opportunity you don’t want to miss out on, luckily there is still one last round of fundraising at ChainX.

ChainX official website: https://chainx.kr/

ChainX Official Telegram: https://t.me/chainx_official

ChainX official announcement channel: https://t.me/chainx_announcement

ChainX official KakaoTalk open chat room: https://open.kakao.com/o/gP5gBM9