IEO Ocean Protocol on Bittrex Not Closed 16 Hours After Start Selling Bittrex continues to cement its status as a platform for failed initial offerings (IEOs).

IEO Ocean Protocol on Bittrex not closed after 16 hours from the start of sales

Bittrex continues to cement its status as a platform for failed initial offerings (IEOs).

The Ocean Protocol campaign launched on Bittrex 16 hours ago is still open. About a quarter of those allocated in favor of the OCEAN token sale are still available for purchase, and most of them were purchased in the first minutes, after which the value shifted by only a few percent.



According to the terms of the campaign, if the proposed tokens are not purchased by investors, it will close automatically on May 3. This is the first such case for IEO on well-known sites, where most often tokens diverged in a matter of seconds..

The project has previously sold its tokens through OTC channels. The previous IEO on the Bittrex platform, conducted by the VeriBlock project, although it closed quite quickly, could not show outstanding results, while the VBK token rate continues to decline since the beginning of trading.

The very first IEO announced by Bittrex together with the RAID project did not take place at all.

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