Bit2Me Closes ICO Round 1 With €5 Million In 60 Seconds

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Contrary to some assumptions within the cryptocurrency market, the ICO sector is not dead. Following its peak in popularity around 2018 and some previous regulatory issues, many were quick to declare ICOs as a thing of the past that were no longer effective at raising capital for crypto projects. This logic has been defied by a number of ICOs in recent times that have raised significant amounts of money and put great projects on the map. 

One of these is Nit2Me’s first phase of its public ICO that, announced on September 6, 2021, raised  €5 Million within a few seconds due to immense public demand. 

Bit2Me Sells Out 5 Million EUR in 60 Seconds

Even before the first phase, during which 500 million tokens were issued, there was a lot of demand among consumers. So much so that Bit2Me has just raised €5 Million in addition to the €2.5 Million previously raised in a private sale, bringing the current tally to €7.5 Million in the B2M token sale. The management of Bit2Me has spoken out about the significance of such a successful sale, particularly for a Spain-based company. 

"It was very important for us to demonstrate that from Spain we can also digitally transform the world in the style of Silicon Valley. We are the pioneers in a technology that is revolutionizing the whole planet. We have demonstrated why we are one of the engines driving this disruptive proposal", said CEO and Co-founder, Leif Ferreira.

Those who bought into the tokens will have up to a 90% discount on commissions and will also have access to better conditions for Bit2Me’s goods and services. 

Incoming Sales

Two more sales are going to be held by Bit2Me this month; one on September 13, 2021, and a final third sale on September 21, 2021. During the second sale, 500 million tokens will be issued and another 250 million during the third which brings the total circulation to 1.25 billion tokens. 
The first phase of the sale has officially be deemed the most successful ICO in Spain and future sales are to lay the groundwork for more progress in the ICO and wider crypto industry in Spain. The queue for both sales is available on the Bit2Me site and interested parties can join both ahead of time. 

The success of the past sale also speaks to the enthusiasm within the crypto market for innovative projects to invest in and profit from. A lot of the attention within the crypto world tends to focus on the United States but Bit2Me is clearly showing that the European market and specifically the Spanish market is one to be watched. 

More announcements will be made by the management of Bit2Me before, during, and after the second and third public sales. For more information, visit the Bit2Me website.

Image Sourced from Monccur PR

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.