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- ProBit Global announced the commencement of the third round of Montage Token (MTGX) initial exchange offering (IEO).
- ProBit Global has introduced its largest token bonuses to date for the MTGX IEO, with users eligible for up to 40% of the amount purchased.
- The total token supply for MTGX is 10 billion, with 46% burned in the first four months.
ProBit Global, a leading crypto exchange, has announced the launch dates for the third roundof the Montage Token (MTGX) initial exchange offering (IEO). The exchange has stated thatpurchases will qualify for bonuses of up to 40% – the largest token bonuses yet offered.
The MTGX IEO will last for 10 days, starting on December 8, 2023, at 07:00 (UTC+4) andending on December 18, 2023, at 07:00 (UTC+4). The price for MTGX during the IEO will be$0.0006. Users can purchase MTGX tokens with USDT, BTC, ETH, and ProBit Global’s nativetoken, PROB. Additionally, users will receive a 5% bonus when buying with PROB.
Montage, a crypto project that focuses on creating a safe and secure trading environment forinvestors, has a total token supply of 10 billion, with 46% burned in the first four months,incorporating ongoing burn mechanisms. Burning crypto leads to fewer tokens in circulation,which might contribute to maintaining or increasing the value of the token.
The project has a comprehensive roadmap that includes the Montage Incubator, MontageFoundation, Montage DEX, and a payment gateway. The Montage Startup Incubator aims toaccelerate startup growth through collaborative support and ‘open innovation.
The project also plans to launch a decentralized exchange and a payment gateway for cryptotransactions and direct purchases. Additionally, 0.5% of on-chain sales transactions supportcharitable donations via the Montage Foundation.
Users who purchase MTGX tokens through ProBit Global’s IEO will receive a percentage ofthe tokens they have purchased as free bonuses. Based on the amount purchased, users are eligible to receive up to 40% of the total amount. ProBit Global has shared a table to clarify the percentage of bonuses each user is eligible to receive.
MTGX IEO Bonuses (Source: ProBit Global)
ProBit Global has also stated that users should note that IEO tokens are subject to vesting.Vesting is a strategy that aims to prevent unfair market manipulation by distributing tokensaccording to specified timeframes.
Users who purchase MTGX tokens through ProBit Global’s IEO must wait for the specified timeframe until the distribution of the IEO purchase is complete. The MTGX vesting schedule allows the release of 60% of the token if purchased at the listing date, 20% after 30 days of the listing date, and the remaining 20% after 60 days of the listing date.
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