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The US-based cryptocurrency exchange Bittrex cancels an “initial exchange offering” (IEO), just hours before it’s launch. Reportedly, the Raid Project intended to mince around $6 million through the token called XRD’s sale to the exchange’s customers.
However, the exchange said that it called off the sale after learning that the issuer’s strategic partnership with an e-gaming data analytics company OP.GG had been abruptly terminated.
What Bittrex Said?
The exchange said in a statement, that the said alliance “was a vital part of the RAID project”. The firm elaborated:
“When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.”
Bittrex International has cancelled the initial excha...
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