RAID, a decentralized game data ecosystem and Bittrex earlier this week announced that it would host on its international exchange, an upcoming Initial Exchange Offering (IEO) of RAID’s XRD token.
The initial exchange offering was to be used by RAID to develop new technologies that reward gamers for sharing data that fosters improvements, marketing and new business development for gaming companies.
The IEO was to start at 10:00 a.m. KST on Friday, March 15th.
Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly.
— Bittrex International (@BittrexIntl) March 14, 2019
Today, March 14th, Bittrex issued a Tweet canceling the token offering, citing issues the business operations of RAID, see their note below: