More Than $2 Million Worth Of Bitcoin Pledged To Utopia Open Platform IEO In First 24 Hours
Date
18/12/2020
Utopia Genesis Foundation, the organization formed to support the development of an open platform for the music industry, announced today that its first token event on Bitfinex Token Sales has received more than $2 million worth of Bitcoin pledges from participants within the first 24 hours of its commencement.
Upon the completion of the token event for UOP, the token native to the Utopia Open Platform, on December 18 at 9:00:00 AM UTC, eligible participants will receive UOP allocations proportional to their share of the total amount pledged. Through this Pro Rata distribution model, Utopia Genesis Foundation is able to ensure fair token allocations, especially in the event of an oversubscribed sale.