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May 22 2019

Gate.IO Announces Further Success in Recent IEO Projects

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Blockchain assets exchange platform, Gate.io has today announced a further successful run on its latest IEO projects, with: MovieBloc (MBL) and GoWithMi (GMAT).

Both projects were launched on Gate.io’s ‘Startup’ platform, which the company announced last month. Startup is an IEO platform that aims to provide its users with access to innovative and advanced projects. The platform now offers traders opportunities to make initial investments in early stages of blockchain projects.

Since the launch of this platform, Gate.io has launched five high achieving startup projects. The latest two IEOs have seen significant funds raised for the companies.

The MovieBloc IEO had a total of 15,000 participants and during the project a total of $35.23 million USD worth of orders were placed. MovieBloc is a blockchain based film distribution platform. The project raised an overall amount of 35,566,087 USDT, significantly overtaking its goal of 2,880,000 USDT.

The second project, with GoWithMi, a distributed map network which supports multi-chain, had a total of 5,083 participants. A total of $28.74 million USD worth of orders were placed through the duration of the project. Over the course of the IEO, a total of 28,743,947 USDT was raised. Once again, the goal of the project was reached and overtook its original goal, which was 1,350,000 USDT.

Marie Tatibouet, CMO at Gate.io, comments on the overall performance of the company’s recent IEO successes: “The success of the past few months alongside the IEOs are a great reflection of the growing sector today. We are continuing to grow on this success and further develop our partnerships with other startups, ensuring our users have a positive and seamless overall experience.”

To find out any additional information about recent, successful IEOs and upcoming ones, please visit the Gate.IO website for more information.

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