The Mdex.com Exchange today opened the I phase of IDO (IMO) sale of tokens of cryptocurrency CoinWind (COW). The coins were sold out in 10 seconds
It took exactly that long to collect MDX, HT and BNB tokens totaling $1.5 million to buy out the original COW offer.
CoinWind is a DeFi project. During IMO, 3.24 million tokens were sold. They were divided between three platforms: MDEX, WeStarter and Helmet.
MDEX was represented by the bulk (3 million) OF COW tokens. This is not surprising, because it is one of the most popular decentralized exchanges.
8,874 purses took part in the sale. A total of $1.5 million was raised:
- 64.63 million MDX tokens on the Huobi blockchain (HECO).
- 47.85 million MDX on the Binance (BSC) blockchain.
- 9.25 million tokens from the MDX/HT liquidity pool.
- 1.14 million tokens from the MDX/BNB liquidity pool.
Token economy project
The total emissions of tokens are 100M COW. 65% of them are intended to reward liquidity providers. 15% will go to the needs of the team. They will be unlocked 1 year and 1 month after launch.
10% of tokens will be allocated to marketing and community development. The remaining 10% will be distributed among early investors.
Recall that the growth of interest in DeFi projects has been recorded since the fourth quarter of 2020. Over 12 months, TVL (the total price of tokens locked in DeFi projects) rose from three to eighty billion dollars.