Bitget, a leading crypto exchange, has launched IPO Prime. The IPO Prime is a landmark platform to provide investors with early access to worldwide unicorn entities ahead of their public launch. As Bitget revealed in its official announcement, $preSPAX is the first asset to go live on IPO Prime. It is a digital token that reflects SpaceX’s post-IPO economic throughput.
Bitget’s New IPO Prime Project Connects Equity Markets with Blockchain Assets
The launch of IPO Prime denotes a crucial move in connecting blockchain-driven digital assets with conventional equity markets. It provides participants with an opportunity to leverage the likely upside of popular IPOs. In this respect, the earliest token sale of the platform will feature the $preSPAX token of SpaceX. Particularly, Elon Musk-founded SpaceX has gained a wider traction as the leading platform when it comes to spaceflight. It is famous as the pioneer of reusable rockets such as Starship and Falcon 9, with the wider vision of making environment of Mars supportive for human life.
Issued by a regulated platform, Republic, $preSPAX has an implied valuation of up to $1.5M, offering investors significant exposure to one of the top anticipated IPOs. Additionally, the subscription framework permits consumers to effectively commit funds in $USDGO or $USDT, with individual limits ranging between $100 and $300,000 based on VIP tier. IPO Prime’s cumulative supply is reportedly capped at approximately 94K tokens, with each equaling $650, hitting $61.1M in terms of subscription value.
Driving Investor Opportunities and Offering VIP Airdrops
According to Bitget, the timeline of IPO Prime starts with its commitment period, which will begin on April 18 and end on April 21. After that, the distribution, as well as OTC trading event, will occur. Users can trade $preSPAX tokens on the OTC market of Bitget or hold them under the unlocking of the core debt asset, taking nearly 6 months following the IPO of SpaceX. Moreover, while celebrating the launch, the crypto exchange is also commencing a VIP-exclusive airdrop promotion that will offer $preSPAX rewards for loyal participants.
