Bcnex announces an increase of its Hardcap of tokens in order to accommodate an increased interest from investors who want to participate in the project’s remaining sessions. These actions have the effect of increasing the overall capital raised during the ICO to $30,000,000 instead of the initially planned $15,000,000.
Our initial influx of registrations driven by the consistent investor interest in Bcnex resulted in a successful raise of $1,000,000 during the preliminary private sale open exclusively for Vietnamese investors and early sale of all tokens designated for the First Session of the public tokensale. We are humbled and amazed by the outpour of interest from investors all over the world to participate in the Bcnex public token sale. The decision to increase the hardcap aims to adjust the offering size and convey to our community or the larger crypto-sphere Bcnex’ willingness to factor in participation of all interested contributors.
The recent bull market is putting an end to the 13-month long bear market, finally giving way to a surge of new buying interest. The latest rally was enough to help Bitcoin (BTC) cross the $8,000 mark since last summer. This, in turn, is fuelling investor interest in outsized returns and additional opportunities within the crypto market in the form of promising IEOs.
As such, Bcnex has made headlines as a project with big potential with a widespread user base and two successful rounds of capital raise. We are on track of positioning Bcnex as a world-leading, regulated ICO management platform and cryptocurrency exchange. The overwhelming support for the project already in the successful presale period is a testament to the trust of users and the crypto community in the innovative project.
We are proud of our enthusiastic community that has been growing during this exciting process and look forward to making more pragmatic, necessary pivots when needed as a company. With new partnerships, cooperations and investors coming on-board over the next few months we are rapidly evolving as a tech startup and Vietnam’s first soon-to-be-regulated crypto exchange.
The announced hardcap increase will not affect the number of tokens in circulation, the announced price points for the remaining sessions of the tokensale or any other elements of the IEO.
Bcnex looks forward to providing more exciting updates via our Telegram, Twitter and Facebook!
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