Bitget Says IPO Prime Debut Project preSPAX Drew $70.06 Million in Three Hours
According to Bitget, 4,633 participants joined the preSPAX sale, which used a first-come, first-served allocation model and closed once the subscription cap was reached.
Summary
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Terms & Concepts
IPO Prime: A token offering platform on Bitget that lists early-stage crypto projects for user subscription.
First-come, first-served model: An allocation method where participants are accepted in order of arrival until the available quota or cap is filled.
Subscription cap: The maximum amount of funds or allocations accepted in a sale before the offering closes.