Fast-growing cryptocurrency exchange, LAToken is preparing for one of its most anticipated Initial Exchange Offering (IEO), which is planned to take place on the 17th of May 2019. The anticipated IEO would involve the sale of VLM tokens, representing the underlying token for the innovative blockchain-based holding platform, Volum.
The Volum platform which is being made available only to companies with proven potential is designed to revolutionize the supply chain management system of holding companies. The platform will allow companies to rapidly scale and grow internationally through the implementation of blockchain technology.
The IEO for Volum on the LAToken exchange will make available a total of 236,800,000 VLM tokens. The tokens shall be distributed in five different stages with the target of raising a total of $74,600,000.
Alonzo Pierce, co-founder at Volum explained that the reason for his company carrying out its fundraising exercise on the LAToken exchange is because of the exchange’s track record and large user-base.
As at the time of writing, the average daily trading volume on LAToken stands at over $300 million. This is mainly as a result of the activities of the over 300,000 registered members on the platform.
Crypto trading pairs on LAToken have been on the increase as a result of the various tokens that get listed on the platform on a daily basis. Currently, there are over 320 trading pairs that are traded on the LAToken exchange.
The Volum IEO will be executed on the LAToken exchange, after which it is expected to become listed and investors can find immediate value for their preferred token. To participate in the Volum IEO, head over to LAToken today.
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