LBank, one of the top crypto exchanges established in 2015, recently held an Initial Exchange Offering (IEO) for PINS, a content-driven social networking and GameFi platform. The IEO was a success, with 34,587 participants investing a combined 51,556,343 USDT. The IEO had a hard cap of $1000 in USDT for those who reached the maximum allowed subscription. The IEO was designed to provide active and asset-holding users with the prime opportunity to participate. LBank monitored user balances across Spot, Futures, and Earn accounts over a 30-day period to determine investment quotas. Furthermore, users were required to execute at least one trade on LBank within this period to qualify for the IEO. PINS started trading at $0.0005 on September 1st and quickly rose to $0.0025 within half an hour, an impressive 4X increase from its IEO valuation. The opening performance of this PINs IEO has been remarkably strong, delivering substantial returns for risk-taking investors. According to an internal representative from LBank, the aggressive promotion of this IEO during a bear market is part of a series of planned initiatives. PINS offers an innovative blend of content-driven social networking and GameFi mechanics. Users can experience PINS firsthand by downloading the app and engaging in adopting and nurturing their own Noki, whose existence depends on Twitter interactions. It’s a captivating and unique mechanism.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | None |
| Companies | Friend.tech, CoinMarketCap, LBank, LBK Blockchain Co. Limited |
| Currencies | Tether, Public Index Network, Ethereum, Bitcoin, Bankless DAO |
| Securities | None |
