Yesterday, Oath Protocol announced it’s Initial Exchange Offering (IEO) scheduled for April 11th at 9:00PM on the LBank exchange. Oath is the very first project that is selected by LBank. IEO’s recently gained a lot of attention from investors and made token sales attractive again – as in most cases the project will be listed on the exchange very shortly after the IEO.
In (month), we analysed Oath Protocol as the arbitration layer based on the common-law jury system for the decentralised blockchain space. Since then, Oath made huge steps forward and extended its use case scenarios from blockchain to the traditional world. This strategic decision allowed Oath instant use cases and proof-of-concept as the bear market slowed down the entire blockchain industry in its development. After the first bounty campaign launched on Christmas-Day 2018 with a massive user acquisition plan and the product release on February 3, 2019 – Oath could further evolve and increase its user- and follower base on a global scale.
Partners of Oath include household blockchain projects such as Qtum, AION, MOAC, High Performance Blockchain as well as NEM and Quarkchain. As a hybrid solution, Oath is very flexible to adapt to the further market development which makes it unique and distinguished from most other blockchain projects.
Oath recently announced the new strategy for 2019 which focusses on user- and client-acquisition. IEO’s do not only help to raise funds but also gain users and project awareness which then translates to increased traction for potential new clients Xu Yin (CEO of Oath Procotol) said regarding why an IEO is a great choice.
Being the first project on a world-known exchange in addition has great potentials to accelerate the progress of the Oath project even more. Along with the IEO, Oath releases a new Jury Referral Campaign, where registered users can invite their friends to sign up too and get a commission bonus in form of OATH tokens.
Facts about the IEO:
- Oath is the first IEO Project on the LBank Exchange
- Oath token price: $0.0014 per OATH
- Date: April 11th, 9PM (UTC+8)
- Individual Cap: $600 per user account
- IEO Cap $2 M
To participate in the token sale, make sure you register an LBank account and hold 2.000 DAX tokens to be eligible for participation.