83 Million USDT Committed to COKE in Public IEO

BitCoke Exchange ended public IEO for its native token COKE with 83 mil USDT subscription on January 25, 2022.

IEO link: https://www.bitcoke.com/coke

BitCoke intends to sale 20 million COKE tokens at the price of 0.5 USDT, according to IEO rules and COKE Whitepaper

Takeaways:

🔶Subscription amount, 83 million USDT is 7 times above fundraising target against the overall crypto market plummet.

🔶COKE will be vested to subscriber accounts on Jan. 28, 2022 12pm UTC+0. In the meantime, the over-subscribed UDST will return to account.

🔶COKE tokens sold to the public in IEO has no lock period. It’s available for circulation once the COKE spot pair is launched in BitCoke Exchange.

COKE is the sole native token for all BitCoke ecosystem projects. It is the platform token of BitCoke Exchange, the reward coin of CokeDex(under development), and the governance token of CokeDao. The maximum supply is 1 billion, and the initial circulation is 20 million. No inflation, we’ll implement a burning mechanism with fee buybacks.