IG Token Cancels ICO, Opts to Offer Tokens via Airdrop
- According to the company, the ICO was canceled due to sufficient funds, however, media outlets are reporting the opposite.
The IG Token, based on the Ignite project, announced on Twitter on Sunday that it has canceled its initial coin offering (ICO) and will instead offer its tokens via airdrop. According to the tweet, the company has sufficient funds and therefore, it will change to a new contract.
While in the tweet the company has said that the tokens had attracted sufficient funding already during its ICO and therefore, it was canceled, media outlets are reporting the opposite - that the ICO was canceled due to lack of interest in the tokens.
Because the ICO was canceled, the tokens will be redistributed as an airdrop. Now, anyone who is interested in buying the tokens can send 0 ETH (Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term) to the smart contract (0x8a88f04e0c905054d2f33b26bb3a46d7091a039a) and will receive 10,000 IG Tokens. Over time, the number of tokens offered will decrease.
According to the company’s website, it has raised 736.4 ETH in the presale of the tokens. It plans to list on exchanges in August this year and release the beta version of its prediction application at the end of this year.
Furthermore, the company expects it will have 100,000 users of its app by June 2019 next year. This is quite an ambitious considering that distributed apps based on the Ethereum network average around a few hundred users, with the most popular apps only attracting a few thousand.
It is important to clarify that despite the similarities in the brand names, IG Token has no connection whatsoever with the UK-based Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term firm IG Group.
IG Tokens Overload Network
Recently, attention was drawn to the IG token after it became the biggest gas guzzler on the Ethereum gas station. The gas usage of the token increased to 19.9% of the total gas on the network. To put this in perspective, IDEX, which is the most visited decentralized exchange, is now only using around 2.7% of gas.
The increased gas usage was coupled with a couple of tokens and smart contracts that overloaded the network, which raised concerns about a scam, as there was seemingly no reason for the overload.
Due to rising usage of the network, the airdrop of IG tokens is not free, as gas prices have risen as a result. If an investor wants to use the fastest transaction, gas price is 10 GWei. However, this is a relatively normal price considering the network load.
The IG Token, based on the Ignite project, announced on Twitter on Sunday that it has canceled its initial coin offering (ICO) and will instead offer its tokens via airdrop. According to the tweet, the company has sufficient funds and therefore, it will change to a new contract.
While in the tweet the company has said that the tokens had attracted sufficient funding already during its ICO and therefore, it was canceled, media outlets are reporting the opposite - that the ICO was canceled due to lack of interest in the tokens.
Because the ICO was canceled, the tokens will be redistributed as an airdrop. Now, anyone who is interested in buying the tokens can send 0 ETH (Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term) to the smart contract (0x8a88f04e0c905054d2f33b26bb3a46d7091a039a) and will receive 10,000 IG Tokens. Over time, the number of tokens offered will decrease.
According to the company’s website, it has raised 736.4 ETH in the presale of the tokens. It plans to list on exchanges in August this year and release the beta version of its prediction application at the end of this year.
Furthermore, the company expects it will have 100,000 users of its app by June 2019 next year. This is quite an ambitious considering that distributed apps based on the Ethereum network average around a few hundred users, with the most popular apps only attracting a few thousand.
It is important to clarify that despite the similarities in the brand names, IG Token has no connection whatsoever with the UK-based Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term firm IG Group.
IG Tokens Overload Network
Recently, attention was drawn to the IG token after it became the biggest gas guzzler on the Ethereum gas station. The gas usage of the token increased to 19.9% of the total gas on the network. To put this in perspective, IDEX, which is the most visited decentralized exchange, is now only using around 2.7% of gas.
The increased gas usage was coupled with a couple of tokens and smart contracts that overloaded the network, which raised concerns about a scam, as there was seemingly no reason for the overload.
Due to rising usage of the network, the airdrop of IG tokens is not free, as gas prices have risen as a result. If an investor wants to use the fastest transaction, gas price is 10 GWei. However, this is a relatively normal price considering the network load.