I am sure some of you already saw the post from @steemhunt this morning explaining the roll out of their hunt tokens through the exchanges. They won't be offering an initial coin offering (ICO) but going down the line of an initial exchange offering (IEO). This is really positive news coming from the @steemhunt camp and positive news for the platform.
By offering it through the exchanges they apparently cut down on the time as exchanges already have things in place. We are talking about the screening of know your customer or KYC as we know it.
Two exchanges have already agreed and a third is being discussed currently for the launch of hunt tokens.The tokens will be offered via the exchanges from the second week in March and run for 3 weeks or so before listing on Daybit exchange first. Trading volumes will determine how quickly other exchanges are added.
The beauty about @steemhunt is believe it or not they have been around for one year now and have been testing their app out and are ready to go to the next stage.I am regularly on there daily and there is a close knit community which stands them in a good position for the future.
As a special bonus Steemians will be able to get an extra 10 percent bonus when they participate in the survey that @steemhunt is running.You will need to follow the instructions first in order to redeem these. There are obviously certain proofs of purchase that need to be shown so users don't milk the system.Here is the post from this morning explaining what you need to do.
https://steemit.com/steemhunt/@steemhunt/hunt-token-ieo-and-listing-via-exchanges-will-begin-10-bonus-chance-for-steemians
The hunt token launch price will be $0.02 c each which is pretty amazing really.This would give them a cap of around $1 million. I am hoping this will make lots of noise and attract attention to the Steem blockchain. We all need this to go smoothly and do well.
Image source steemhunt.com