Blockium Initial Exchange Offering (IEO)

Normally an ICO, or Initial Coin Offering, is a way for a company to create its own crypto currency and then offer it for sale to its customers.
This crypto currency can have its own blockchain, as was the case for Ethereum in 2014, or it can run on a token basis on another blockchain, like the ERC20 tokens that run on Ethereum. This latter method is the more common.
Blockium has signed with Coineal exchange (coineal.com) to launch an initial exchange offering (IEO) on their platform, including a listing of Blockium (BOK) in the exchange.

In the past, Initial Coin Offering was the means for blockchain projects to raise funds. But a lack of regulations and increasing governance led to other means of crowdfunding emerging such as the security token offering (STO) and the IEO. In order to tokenize a growing ecosystem of thousands of users who are active on a P2P financial gaming platform which perfectly fits the blockchain environment as well as the IEO's added value.

IEO is a fundraising mechanism where project developers create their native tokens and then get them listed on cryptocurrency exchanges. An agreement between project developers and exchanges, it is a safer alternative to ICOs as cryptocurrency exchanges offer higher security and lower the price manipulation issue.

There are certain advantages to using IEOs as compared to ICOs:

• Developers can benefit from the existing user base of an exchange, thus making it easier for people to take part in the crowdfunding process.
• When a project is introduced through an exchange, it gives higher credibility to the project and thus listing it on exchanges become easier and less tedious.
• Scams can be eliminated in the funding process through an IEO as the chances of investors losing funds are lower.
• When the exchange offers the coin to sell (IEO), investors can be guaranteed the listing of the coin, opposed to the insecurity that comes with an ICO.
Blockium is doing an IEO on Coineal as IEOs on Coineal have proven to be very successful in the past:
• “TOOL”, an IEO on Coineal increased by 140% from the IEO price on the first day of trading
• “Xcon” increased by 120% from the IEO price on the first day of trading
• Another IEO on Coineal, IZICHAIN finished its IEO in 8 minutes!

The objective is to complete the IEO on Coineal by May 15th, with a raise of USD $1.2 million. In this round of the IEO, the company will only release 8% of its total coins issued for sale and will have the option to launch more rounds in the future. Participation instructions will be published on the ieo.blockium.io website and on Coineal.com IEO website.
BOK price will be fixed (in USD) throughout the IEO. The BOK price will be $0.023 on during the IEO.

Token Distribution: Within 15 days after the token sale ends (on coineal.com).
Blockium is also in talks with other three exchanges to list its token and the names of the exchanges will be announced shortly.

Trading competitions in financial markets is a disruptive economic instrument that is yet to penetrate the mass investor audiences due to barriers of entry that exist. These barriers range from excessive regulation, big investment requirements, higher foreign exchange rates, to the fragility of existing centralized implementations. The maturity of blockchain technology is poised to change that as decentralized implementations for scalable trading competitions are within the reach of individuals with all pocket sizes.

Blockium is a platform that offers financial competitions to investors of any size and grade based on real-time prices of financial instruments such as Stocks, Crypto, Foreign Exchange (FX), Indices and Commodities.

The platform targets mainstream audiences and provides a haven for investors to find refuge from traditional financial instruments and participate in trading competitions with the purpose of making multiple returns, and leveraging their trading knowledge in almost any asset class. Blockium has tied up with top global exchanges all around the world such as Nasdaq, NYSE, London Stock Exchange, Shanghai, Hitbtc (crypto) and, Okex (crypto) which allows live market data to be integrated on Blockium platform. Investors can then place their bets based on the real-time data and execute their positions to gain a return on their portfolios. In traditional markets, returns range between 5-15% while Blockium gives an opportunity to earn as high as 1000% returns.

Token Distribution

In order to finance Blockium’s roadmap, Blockium will conduct a token sale of an initial supply of BOK tokens. BOK will be sold at a constant price (in ETH/USD) and the initial supply will depend on the amount of BOK sold.
The BOK distribution is summarized in the table below:

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