The PixelBit team is happy to announce that after a thorough due diligence process, the project has been approved by one of the market leading exchanges, LAToken, to conduct an IEO on their platform. The newly established partnership opens new horizons for PixelBit and will allow us to pursue our goal with greater success chances, bringing us closer than ever to fulfilling our mission.
PixelBit is an Utility token based on the Ethereum blockchain that allows gamers and game developers to earn passive income. We have created a cross-platform compatible currency that can be used across different game universes – a revolutionary concept that will replace the current in-game currencies that hold no real world value outside the specific game they are used in.
Our product has been fully developed, tested and is market-ready. With our APIs and set of development tools, we made sure that PXB can be integrated to all solutions for game development – from the Unreal and Unity platforms, to many other custom solutions.
What is an IEO and what are its advantages over the ICO model?
An IEO stands for Initial Exchange Offering and is a fundraising mechanism quite similar to the traditional ICO – however, as the name suggests, in an IEO, the project tokens are issued on a well-known exchange. This has several benefits for both the project team and the investors:
- Secure medium: Exchanges are strictly regulated and they offer much more security to all investors compared to the traditional ICO model where anyone can develop their own dashboard and collect investments. An IEO project is as likely to be a scam as the exchange that is hosting it, because their interests are aligned. Needless to say, with their reputation at stake, leading exchanges are highly unlikely to engage in fraudulent behavior. Exchanges always conduct a very strict due diligence process before accepting any IEO
- Greater exposure: Exchanges have millions of active traders who are constantly looking for new investment opportunities. Not only does an exchange offer greater exposure to a highly targeted audience – it also saves the effort of negotiating an exchange listing, something many ICO projects have been struggling with and ultimately failing to achieve, resulting in a long term failure. Furthermore, exchange listing fees can go as high as several millions, a sum that prevents the project to expand its potential with the funds acquired through their token sale.
- Promotion: Exchanges, such as LAToken, have a wide array of partners in the blockchain space. Blockchain projects can receive assistance in their marketing efforts and profit from the expertise and contacts of the exchange, thereby increasing their success potential.
Why have we chosen LAToken as the exchange for our IEO?
The LAToken exchange has already launched their IEO service similar to the Binance Launchpad and has managed to help many blockchain projects achieve their funding targets. Their token is among the top 100 cryptocurrencies according to Coinmarketcap.
One of the main reasons we chose LAToken above are their exceptionally high security standards. The platform has implemented a wide array of security options that offer a much higher level of security by introducing numerous layers of protection mechanisms combined with advanced encryption:
- Encrypted Keys
- Password Security
- Secure storage
- Data Transmission
- DDOS Protection
- 2FA Verification
Raising funds through an exchange will almost always be more secure than the traditional way of acquiring funds for an ICO, which requires the token issuer to create its own dashboard where investors can contribute in the early stages of the project.
In terms of exposure, the exchange can
- $300m+ daily turnover
- More than 300.000 registered traders
- 320+ crypto pairs available for trading
The LATOKEN exchange offers a wide array of benefits for traders, thus making the participation in the PixelBit token sale easier and faster:
- Low trading and withdrawal fees
- Instant exchange (LA DIRECT)
- Advanced trading features
- Crypto/fiat gateway
With our newly founded partnership, we are one step closer to reaching our goal – to make gaming more enjoyable and worthwhile for all stakeholders in the sector. Make sure you become an early adopter and benefit from the advantages we offer for first movers – as of now, you can acquire PXB Tokens through the LAToken exchange with a special discount on your investment!
The future of gaming is at our doorstep – https://pixelbit.cc
Disclosure: This is a sponsored press release