The world first integrated IEO trading zone is ready from BiUP
-With “Zero” trading fees and Quick Snap Buy function.
Recently, the World First Global Integrated Crypto Arbitrage Exchange – BiUP has introduced another innovative crypto trading service: “Integrated Crypto IEO Trading Zone”, in which users can trade tokens from all main IEO projects all over the world. This service is the first of its kind in the world. In addition, BiUP has announced that it will charge no trading fees for all IEO tokens, and this has made the service a de facto “Free Trade Zone” for all BiUP users, A user only need register one BiUP account to trade IEO tokens cross-platform without trading fees and to participate IEO offering events from different platform themselves via “IEO Quick Snap” function from BiUP.
Based on trading data from various exchanges, after Binance Launchpad started listing the token, the price for BTT has increased 20% within 3 minutes. In addition, FET (another token from Binance Launchpad) has also attracted lot of attentions, and both BTT and FET were sold out within 15 minutes. Recently, Huobi Global released Huobi Prime and Okex released OK Jumpstart, major crypto exchanges have lifted the curtain on IEO’s craze.
In order to capture this IEO trends, BiUP has released integrate IEO Area, which contains IEO projects all over the world, for its users to identify, analyze and screen IEO projects with the most potentials to invest. And BiUP has also lunched campaigns to allow its users to purchase IEO tokens in their initial public sale price (which mostly will jump up once trading has started.) without need for registration or KYC verification from other exchanges.
For the latest IEO project, Celer from Binance Launchpad is available for trading on BiUP, and its price has increased rapidly from public sale price in 0.0067 USDT to 0.04 USDT, grew 3.5 times.
BiUP is a challenger for the traditional business model of crypto exchanges, and it has already made two breakthroughs. First is enabling users to arbitrage easily worldwide by integrate main crypto exchanges to BiUP. Traders just need to register one BiUP account to trade in multi-platforms without need for manual screening prices, manually issuing buy/sell orders and no need to pay for dual fees. The second breakthrough is enabling intelligent matchmaking trades through big data, an optimal spread will be picked from multi-platforms automatically within 1 second, and traders can trade immediately.
IEO（Initial Exchange Offering）is a new way for crypto exchanges to provide fundraising channel for projects. Since the issuer is the crypto exchange itself.It can be seen that the IEO model transfers the risk of the project party to the exchange. The reason why IEO is popular is because exchange plays the role of a credit guarantor in the middle of the transaction. Using its own resources and project experience, the exchange can complete the audit of the submitted projects, while also suppressing technical risks such as phishing and malicious attacks.
For exchange, they take the advantage of their resources and experiences to verify the quality of projects, at same time, they can prevent network attack. Moreover, exchanges would support project in advertisement and collecting funds with their users to create value during the IEO process.
The IEO is somewhat similar to the STO that was previously attracted high attentions, but the process is shorter and more efficient. The reason is that the auditor of STO is usually traditional institutions, but the auditor of IEO is the market power of the exchange. It has the characteristics of safety, low risk, convenience and high efficiency necessary for project financing.
BiUP not only focuses on main cryptocurrencies, but also provides market information for crypto currencies ranked 50-100 in the market in order to help traders find out potential small cap coins to make handsome profit. In the future, BiUP is targeted at integrated 90% digital currencies in it.
Currently, Patrick Liu is CEO of BiUP and Gengfa Zhong, ChianUP CEO are the founders of BiUP. Patrick received his Master of Science in Computer Science and Cryptography from UIUC, which is ranked top 3 computer science programs in the US. He is also president of Blockchain Community of Peking University and a having a leading role in a Tokyo based Blockchain community. And he has utilized the top tier resources in these communities to build up the framework for BiUP.
At present, BiUP Cryptocurrencies exchange has covered Asia, Europe and North America. Especially in China, Korea, Indonesia and Vietnam have large traders and market share. In the future, BiUP will put more effort in help traders seek benefit, and provide more innovative trading functions. In addition, BiUP will also release “Game Platform” in the future.