Bric is proud to announce that it has partnered up with IndoEx, an advanced trading platform for digital assets, to run its initial exchange offering (IEO). The IEO started on the 21st of January 2022 and is ending on the 22nd of April 2022. 3,000,000 BRIC have been allocated for the IEO which is launching in three different phases:
Phase 1: 21st January 2022 – 20th Feb 2022 ($0.30) : 1,500,000 BRIC
Phase 2: 21st February 2022 – 20th March 2022 ($0.40) : 1,000,000 BRIC
Phase 3: 21st March 2022 – 20th April 2022 ($0.50) : 500,000 BRIC
Starting on the 27th of April 2022 Bric Coin will officially be listed in IndoEx.
IndoEx is a United Kingdom based cryptocurrency exchange that has been in operation since January 2019. It is designed for experienced digital assets traders and specializes in Altcoins, Algos and Performance. Bric chose to partner up with IndoEx and run its IEO through the exchange. In terms, an initial exchange offering or commonly known as an IEO is a fundraising event that is administered by an exchange. In contrast to an Initial Coin Offering (ICO) where the project team themselves conduct the fundraising, an Initial Exchange Offering means that the fundraising will be conducted on a well-known exchange’s fundraising platform, such as international.index.io, where users can purchase BRIC tokens with funds directly from their own exchange wallet. For a user, an IEO is easy to participate in and offers a higher degree of trust as blockchain projects go through a comprehensive due diligence process conducted by the exchange.