BusinesNews Wire Press Release company Logo
Home BNN Reapbitex Revolutionizes Middle East Crypto Landscape with REAP Coin Launch

Reapbitex Revolutionizes Middle East Crypto Landscape with REAP Coin Launch

by Busines Newswire
0 comment

In a landmark development, Reapbitex is set to launch its inaugural platform coin, REAP, marking a historic stride in the Middle East’s cryptocurrency evolution. The private Initial Coin Offering (ICO) conducted in Qatar and Dubai has not only secured angel funds exceeding $10 million but also showcased the Middle East’s rising prominence in the global crypto market.

Qatar and Dubai Embrace Crypto Prosperity:

The success of REAP’s private ICO serves as a testament to the economic prosperity of Qatar and Dubai. With investors pouring over $10 million into REAP, it’s evident that the Middle East is not only embracing but actively shaping the future of cryptocurrency. This triumph underscores the region’s commitment to exploring new markets and positions Reapbitex as a key player in the Middle East’s crypto landscape.

ICO Completion Fuels Regulatory Recognition:

The completion of the private ICO in December 2023, involving the founding team and angel investors, played a crucial role in Reapbitex securing licenses from both the Financial Crimes Enforcement Network (MSB) and the Australian Securities and Investments Commission (ASIC). This regulatory recognition underscores Reapbitex’s commitment to compliance and positions it as an authorized and trusted platform in the crypto trading arena.

Strategic Allocation of REAP:

The allocation of REAP has been meticulously planned to ensure a balanced and sustainable distribution, promoting a robust ecosystem. The breakdown is as follows:

  • 30% (60,000,000 REAP): Allocated for the founding team and angel investors
  • 5% (10,000,000 REAP): From the completed private ICO
  • 15% (30,000,000 REAP): Reserved for Reapbitex’s future burning events
  • 50% (100,000,000 REAP): Allocated for the open market on Reapbitex

REAP Launch Details:

  • Date & Time: January 17, 2023, at 15:30 UTC+3 (Qatar Time)
  • Launching Price:1 USDT per REAP

The completion of the founding team and angel investor allocation, along with the private ICO, paved the way for Reapbitex to acquire the MSB and ASIC licenses, reinforcing its commitment to a secure and compliant crypto trading environment.

Public Access via Open Market:

The eagerly awaited moment arrives as REAP becomes available to the public on the open market within Reapbitex on January 17, 2024. The open market dynamics will play a pivotal role in determining the price of REAP, offering an exciting opportunity for public investors to engage with this groundbreaking platform coin.

Stay Tuned for the REAP Launch:

The launch of REAP on January 17, 2023, stands as a testament to Reapbitex’s dedication to innovation and shaping the future of crypto in the Middle East. The open market’s response will be a key indicator of REAP’s potential and the broader acceptance of cryptocurrency in the region. Stay tuned for the launch and witness the beginning of a new era in Middle East crypto investment with REAP and Reapbitex.

Official website: www.reapbitex.com
Moble app : www.reapbitex.com/h5
Instagram: https://www.instagram.com/reapbitex_official/
Twitter: https://twitter.com/Reapbitex