OKEx Just Postponed Its $2 Million ATTN IEO Token Sale Indefinitely to ‘Protect Users’

OKEx, one of the top leading cryptocurrency spot and derivatives exchange, revealed in an announcement today that it will postpone the sale of their fifth token project —ATTN — until further notice or clarification.

The exact reason for the delay in the sales of the new token was not revealed to the public. OKEx only mentioned that it is a result of “unforeseen circumstances in regards to the ATTN project,” and also that the move was “in the best interest of [OKEx] users.”

ATTN, according to an OKEx research report, is a Southeast Asian based esports eco-industry alliance founded in 2016. The company has a global player base of more than 25 million users with several popular self-designed player-versus-player games.

The main drive force of the ATTN platform is to bring together all of the business practices in the gaming industry. This goal would be accomplished with the ATTN token, which would make the exchange of all apps and services possible across the entire esports ecosystem.

Stating why the esports company decided to enter into the Blockchain world, OKEx CEO Jay Hao had said, “ATTN is the most popular esports alliance in Southeast Asia and has a lot of influence. We believe that the combination of ATTN and blockchain will benefit both the gaming and blockchain industries. technology will help the ATTN platform improve fairness and transactional efficiency, while ATTN will, at the same time, help blockchain enhance its influence in a wider field.”

OKEx had intended to help ATTN raise approximately $2 million from the sale of 50,000,000 ATTN tokens in two subscription sessions at 0.04 USDt per token.  But following the abrupt postponement, Coinfomania has reached out to the exchange for an official comment and will update this article as soon as they provide feedback.

Meanwhile, in a similar development, we reported that Bittrex International, a Malta-regulated subsidiary of U.S crypto exchange, Bittrex, canceled an Initial Exchange Offering (IEO) for Raid, a blockchain gaming data startup.

Just as the exact reason for the indefinite delay of the sale of the ATTN token is unknown, the reason for Bittrex canceling the IEO for Raid was also not disclosed to the general public. But later that month, Bittrex International abandoned Raid to launch an Initial Exchange Offering for another blockchain startup known as VeriBlock.