On your marks… Ready? Get set! – It didn’t take more than a minute for Spanish exchange Bit2Me to successfully complete the first phase of theinitial coin offering (ICO) of its B2M token. While the platform is well known to bitcoin (BTC
) traders located in Spain, this may not be the case for the rest of the world.
Crypto exchange the Spanish way: Bit2Me
is a Spanish exchange platform founded in 2014 by Leif Ferriera, its CEO, Andrei Manuel, its COO (chief operating officer), and Pablo Casadio, its CFO (chief financial officer). Initially, the app was designed to allow for the sole exchange of cryptocurrencies, equipping itself with a clear interface accessible to the most novice of traders.
Gradually, Bit2Me has enriched its features to offer different services related to cryptos: deposit wallet, cryptocurrency payment gateway or even a service to learn the basics of the cryptosphere.
<img width=”1162″ height=”632″ src=”//www.w3.org/2000/svg’%20viewBox=’0%200%201162%20632’%3E%3C/svg%3E” alt=’Bit2Me offers various cryptocurrency-related services and plans to add more later” /><img width=”1162″ height=”632″ src=”https://yellowrocketagency.com/wp-content/uploads/2021/09/image-36..png” alt=’Bit2Me offers different services related to cryptocurrencies and plans to add more later” />Bit2Me features and those to come – Source: Bit2me <p>Bit2Me has thus become the most popular exchange in Spain and with more than 300,000 users located all over the world. Moreover, thanks to the continuous development of new features, Bit2Me is also setting itself up as the most complete application on the market, available in the Spanish language. And it does not intend to stop there!</p> <p>In fact, at the beginning of the year, the company had announced the release of its utility token, the B2M, based on the Ethereum network. The issuance of this token is to be accompanied by the development of new features, such as <em>”Bit2Me Loan”</em>which allows cryptocurrencies to be used as collateral for a loan. The idea behind the creation of the B2M token is to promote the services offered by the exchange. Thus, holders of the B2M token will be able to benefit from discounts when using the app: for example on the amount of exchange fees. Finally, B2M tokens also act as governance tokens, as they will allow participation in the making of certain decisions. </p> <p><a href=”https://journalducoin.com/FTX-CTA1″ target=”_blank” rel=”noopener”>>> Bitcoin fluctuates, that’s also why we love it! Get on board the FTX reference platform <<</a></p> <h2>A successful first phase of ICO </h2> <p>In August last year, Bit2Me had already completed a “warm-up round” by organizing a private issue of B2M tokens for an amount of 2.5 million euros. In a second step, the ICO was planned in 3 phases.</p> <p>For the first phase, 500 million
of B2M tokens were issued and it was a huge success. That’s right! In exactly 59 seconds, all 500 million B2M were distributed for a total amount of 5 million euros. Investors from more than 80 countries were able to buy B2M tokens.
Publication of Bit2Me – Source: Twitter
The craze was such that a reservation system was set up for the rest of the ICO. As a result, interested investors will be able to join a queue to fill out a purchase form directly on the exchange’s website. The second phase is expected to be rolled out on September 13, 2021, with an additional 500 million tokens being issued. The final phase, meanwhile, is expected to take place on September 21. In total, Bit2Me wants to issue 1.25 billion B2M tokens.
Although Bit2Me’s ICO is far behind Avalanche’s (AVAX) ICO
, which raised $42 million in 4.5 hours, it is still notable. For now, this first phase is in pole position among the ICOs carried out so far in Spain.
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