Xank A-IEO and Listing on FOBLGATE Exchange

Dear Xank community,

The Xank team is thrilled to announce that we will be launching our first A-IEO on FOBLGATE exchange, followed by our token listing on the same exchange once the A-IEO comes to an end. We are delighted to work with FOBLGATE exchange to have our Xank token traded on the market after many months of preparation.

What is an A-IEO?

An A-IEO, or Advanced Initial Exchange Offering, is an upgraded version of the typical IEO that we’ve seen thus far. FOBLGATE’s A-IEO allows users to bid on a daily pool of Xank, with each bidder receiving Xank tokens in proportion to their bid. The bidding will happen once a day from 7:30 PM to 8:30 PM (KST) on a separate token pair called XXANK specially made for the A-IEO. On the last day of the A-IEO, Xank will be listed on an official XANK pair. 

Listing Schedule and Information

■ A-IEO starting date and time: Tuesday, March 17, 2020 at 7:30 pm (KST)

■ Official listing date and time: March 30, 2020 (Mon) 10:30 PM (KST)

■ Listing price: Closing price of 14th day of A-IEO

■ After each IEO ends, the upper price limit will be set through the A-IEO logic.

■ Trading fee: 0.05%

■ Deposits and withdrawals will be unavailable until we verify technical stability for users’ protection.

You can read more about A-IEO here: https://www.foblgate.com/notice/237

About FOBLGATE

FOBLGATE is a leading Korean cryptocurrency exchange owned by Glosfer and blockchain acclerator FOBL Labs. The exchange currently supports 19 cryptocurrencies that are traded on the Korean won market and allows users to easily deposit Korean won through 20 Korean banks.

Trade now on FOBLGATE: https://www.foblgate.com/

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Marketing director at xank.io.

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