ICONOMI, China — Evap, a leading global ICO marketplace for ICO tokens, has announced the sale of more than $2.5 million of its ICO tokens to the public, the company announced today.
Icons and other tokens are being sold on an open market with no pre-sale, with a maximum pre-sales of 300,000 tokens.
For those interested in buying, the ICO tokens are listed on a marketplace with a market cap of $3.6 billion.
Evamp announced that it would continue to sell ICO tokens as long as it had a minimum pre-sell of 500,000.
While the ICOs can be traded in any cryptocurrency exchange, Evap decided to offer its tokens as a token, which is a way to raise more capital, in order to make sure that people can trade and earn a profit.
The tokens will be offered on a pre-launch trading platform, the official Chinese Ethereum exchange, and a token sale will occur on November 1.
“The Chinese market is not as crowded as the US market, so we feel that we have a good chance to achieve our target,” Evap CEO David Liu said in a statement.
Liu said that the ICO sale is being conducted through a prelaunch trading service, but that the exchange will not be the main source of funds for the ICO.
This means that all the tokens listed on the platform will be bought from Evap, which will then distribute the tokens to participants as needed.
Some of the tokens are already listed on Chinese cryptocurrency exchange Huobi, which has raised more than 4.7 million in ICO tokens since May.
Chinese authorities have been cracking down on ICOs, with authorities banning Chinese token exchanges in March.
Many Chinese ICOs have been suspended since then, but China’s government has continued to push the use of ICOs for investment purposes.
In March, China banned a Chinese exchange for offering ICOs to foreigners.
China is currently on track to overtake the US in terms of the number of ICO projects, according to the blockchain analytics firm Chainalysis, which tracks Chinese ICO activity.
A report by Gartner earlier this month said that China is projected to become the world’s top market for ICOs by 2020.
