One of India’s most preferred and trusted cryptocurrency exchanges Bitbns recently conducted a pre-public BNS token sale and completed phase one in record time – eighteen seconds!
The Supreme Court of India’s verdict quashing the Reserve Bank of India (RBI) imposed restrictions on cryptocurrencies was a milestone moment for the Indian cryptocurrency industry. Soon after, this south Asian country witnessed a massive surge in cryptocurrency trading and even reported some significant collaborations with leading banks.
Bitbns’ BNS token sale attracts huge interests from investors
Joining the bandwagon was Bitbns, India’s leading cryptocurrency exchange with the highest trading volume, and over seventy-four cryptocurrencies available for trading. The platform boasts of some of the most unique and advanced trading features, including bracket orders, margin trading, etc.
Earlier this month, it announced the launch of its open-to-public BNS token sale. Seconds after it went live, phase one of the sale was completed successfully. The successful completion and the amount of funds raised speak volumes about how the country embraced the legality of cryptocurrencies wholeheartedly.
Cryptocurrencies are no longer unconstitutional in India, and the success of the BNS token sale is attributed mainly to the Supreme Court’s much-awaited removal of the ban that prohibited banks and financial institutions from dealing or transacting in cryptocurrencies, the announcement noted.
Meanwhile, BNS tokens are primarily utility tokens that can be used to avail discounts or buy products and services available on the Bitbns trading platform. The eagerly awaited and remaining three phases of its open-to-all sale would be going live soon, with the token likely to witness a price hike with each passing stage.
The announcement also states that the firm is expecting to see more extensive and active participation in the upcoming sales, dates, and duration of which will be announced very soon. Following the completion of the entire pre-public round, the firm aims to raise close to two and a half million US dollars ($2.4 million).
The platform will then allow its users to use BNS token to avail discounts on trading fees and also access attractive offers and deals at selected online retailers.
Gaurav Dahake, the Bitbns CEO, was thrilled to experience such excitement and interest in the Indian cryptosphere. Being a part of this thriving crypto industry has given us a chance to build and foster innovations that boost the growth of the ecosystem here. We are overwhelmed by the support and interests we have seen so far and hope to experience the same in events to come, Dahake stated in the announcement.
During the various stages of the pre-public BNS token sale, the token will be available at a much-reduced price as we wish to pass on the benefits to our customers, he confirmed.