Last updated:May 27, 2020
- On May 5, Just’s Tron-based Project (JST) held its IEO on the Poloniex exchange.
- The crowd sale even lasted 4 minutes and 26 seconds.
- After the token was listed on the various platforms today, it has achieved 20 times cool returns on the MXC Exchange.
- The unit price of JST was $ 0.00202 and peaked on Poloniex with a return of 5.9x.
Initial Exchange Offerings (IEO) are a more frequent and safer way for retail investors to attend crowdfunding events. The process of crypto exchange, which involves a token sale, was originally popularized by Binance. However, over time, other exchanges like Poloniex have added IEOs as a service to their users. Poloniex recently launched its Launch Base platform. The first IEO is the Tron (TRX) based DeFi project by Just (JST).
IEO closes in less than 5 minutes
As with all popular IEOs, Just (JST) sold out in less than 5 minutes. According to Poloniex, the token sale was sold out within 4 minutes and 26 seconds.
20x in returns after listing by Just (JST)
IEOs have tremendous return potential and it’s no surprise that Just (JST) broke records by trading on the MXC exchange at 20 times the token retail price of $ 0.00202. As soon as the token was listed on the MXC Exchange today (14:00 UTC), it hit a high of $ 0.04.
Justin Sun and the Just (JST) team celebrate success
The Just (JST) team was in a festive mood, as can be seen in the following screenshot.
Justin Sun also expressed his excitement for the performance with the following tweet.
. @ DeFi_JUST highest achievement is 20 times in @MXC_Exchange, @Poloniex. Now stable in 5 times. #JUST $ JST #JST
– Justin Sun🌞 (@justinsuntron) May 7, 2020
Just (JST) performance on Poloniex
Upon further review of the token’s performance on the Poloniex exchange, we find that it also peaked at $ 0.011918 in value. That value is a cool 5.9 times the Just (JST) IEO price. At the time of writing, the token is trading in a stable range of around $ 0.009.