Bittrex International has cancelled the initial exchange offering (IEO) of the RAID token. We apologize for the inconvenience, but also wanted to provide a more fulsome explanation to our users.
Trust and integrity are our most valuable assets. Part of earning your trust is to be as transparent as possible, so we want to let you know what happened. We decided to cancel the IEO as a result of significant changes in the business status of RAID. Specifically, a few hours ago, OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.
Bittrex was started with a simple vision: to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change. As part of this vision, we want our users to know that Bittrex remains vigilant to ensure the integrity of our markets. One of the hardest challenges we face in advancing blockchain adoption is to avoid the rampant fear, uncertainty, and doubt that is everywhere in this industry. When we become aware of significant events, we respond quickly to protect our users.