The Raven Protocol project will conduct a primary stock exchange of coins on the basis of the infrastructure of the Binance DEX non-custodial trading platform.

A new concept, #IDO , is being invented by the Raven Protocol (RAVEN) team. Creative @ SHERM8N . Let's see how it works.
https://t.co/V3EbIpwTXi

– CZ Binance (@cz_binance) 14 June 2019 p.

“We’ll see how this works,” Changpen wrote to Zhao, stressing that Binance DEX based tokenail is a new concept.

The project’s blog says that the so-called IDO (Initial Dex Offering) will take place on June 17th. At the same time, the listing of RAVEN will occur, as well as the commerce of the coin will begin in conjunction with the BNB asset.

“Decentralized exchanges are important. It is the crypto-community that pushes this industry forward , the project representatives share their thoughts. “ This experiment may lead to the establishment of something like a“ gold standard ”in the context of attracting the resources necessary for development.”

Raven Protocol notes that this tokenail is not a Binance or Binance DEX initiative. The startup team noted that all 11 Binance Chain validators approved their project.

As part of the IDO project intends to raise at least $ 500 thousand, selling 3% of the total supply of coins (300 million RAVEN). In order to participate in a new type of token-sale, it is necessary to fill out a form that assumes the passage of KYC-procedures.

Earlier, BlockchainJournal reported that some coins from Binance DEX will be listed on the main exchange.

Subscribe to BlockchainJournal on YouTube !