Metaverse SIPHER Token to be ILO on AEX
Currently, SIPHER is opening an ILO on the AEX with a total of 26,888 sipher value airdrops. Users can get Sipher tokens for free by locking specified tokens.
Sipher is a 3D live-action RPG, PvE, & PvP blockchain game that aims to be the most exciting metaverse players have ever seen. Founded by renowned Vietnamese entrepreneur Nguyen Trung Tin, Sipher raised $6.8 million in October from top-tier venture capitalists, including Hashed, Arrington Capital and SIPHER is the multifunctional governance token of Sipher Universe, with a total of 1 billion tokens and an initial circulation of about 55 million.
ILO time: December 08, 2021, 12:00 — December 09, 08:00 (UTC+8)
The ILO(Initial Lock Offerings) financial model was first proposed by cryptocurrency exchange AEX. ILO and IEO (Initial Exchange Offerings) are both initiated by AEX, but ILO is more open and inclusive. When participating in IEO, users can only buy project tokens with platform tokens. In ILO, users only need to lock positions in AEX platform tokens GAT or USDT, USDC, BTC, ETH, BNB, HT, and other specified assets to divide the project tokens.
In the rule of the Sipher’s ILO participation, AEX provides multiple tokens and lockup periods for users to freely choose from. Users can participate with their existing tokens without having to purchase specific assets, which is extremely convenient. Moreover, the size and duration of the locked tokens will affect the number of Sipher acquired.
ILO is a non-financing issuance method, allows users to obtain Sipher tokens at almost zero cost, with minimal sunk costs. At the same time, ILO is a more advanced airdrop model that distributes tokens to target users in various crypto-asset communities, and Sipher successfully gathers consensus at the beginning of the issuance, AEX can quickly boost Sipher’s user base and brand awareness.
As a Cryptocurrency Exchange, AEX ILO has successfully run for 25 sessions and will continue to select new potential tokens to open at regular intervals. Interested participants, please follow the official announcement of Cryptocurrency Exchange AEX.
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