We’re pleased to announce the successful completion of our Dynamic Coin Offering (DYCO) on the Gate.io cryptocurrency exchange. Our token offering was the first DYCO on a major exchange and did extremely well. The offering commenced at 12:00:00 UTC+8 on 18/01/2021, and closed two hours later at 14:00:00 UTC+8.
We raised a total of 7,657,725 USDG in just two hours which far exceeded our initial goal of 300,000 USDG, and there was a 23x increase in the volume of USDG as the offering was completed.
There were 1,252 participants and the sale was 25x oversubscribed with the full allocation of 3,000,000 DAO tokens being sold. The distribution of DAO tokens and full trading will take place after our Public Sale has been completed, and we will announce the date and time of our Public Sale shortly.
Please be aware that any trading of DAO tokens currently taking place involves blatant scams or a futures contract. DAO tokens are currently not moveable, and the distribution of DAO tokens has not yet taken place.
You can find out everything you need to know about our DYCO on Gate.io here, and congratulations to everyone that was able to participate!
Once again we are preparing for our upcoming Public Sale and will announce all the details soon. Make sure to follow us across all our social media channels to get all the latest news as soon as we release it.