What year was the first cryptocurrency project funded through an initial exchange offering (IEO)?

3 answers

• ArunKarthikJul 28, 2023 · 2 years ago
  The first cryptocurrency project funded through an initial exchange offering (IEO) took place in 2019. The project was called BitTorrent (BTT), a decentralized file-sharing platform. The IEO was conducted on the Binance Launchpad, the token sale platform of Binance, one of the largest cryptocurrency exchanges in the world. The IEO was highly successful, raising $7.2 million in less than 15 minutes. This event marked a significant milestone in the cryptocurrency industry, as it showcased the potential of IEOs as a fundraising method for blockchain projects.
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• TetheugasApr 25, 2023 · 2 years ago
  The first cryptocurrency project funded through an initial exchange offering (IEO) occurred in 2019. It was BitTorrent (BTT), a popular file-sharing platform. Binance Launchpad, the token sale platform of Binance, hosted the IEO. The event attracted a lot of attention and generated significant buzz in the crypto community. The success of the BitTorrent IEO paved the way for other projects to explore this fundraising method, leading to the rise of IEOs as a popular trend in the cryptocurrency space.
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• Moritz LoewensteinJul 02, 2025 · 20 days ago
  In 2019, the first cryptocurrency project funded through an initial exchange offering (IEO) was BitTorrent (BTT). BTT is a decentralized file-sharing platform that aims to revolutionize the way content is shared online. The IEO was conducted on Binance Launchpad, a platform that enables blockchain projects to raise funds through token sales. The BitTorrent IEO was a huge success, with the tokens being sold out within minutes. This event showcased the potential of IEOs as a means of crowdfunding for cryptocurrency projects, and it paved the way for the emergence of numerous other IEOs in the following years.
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