HitBTC trading ICO tokens as IOUs?

in #cryptocurrency7 years ago

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I just found out that HitBTC exchange is trading coins ICO coins and tokens before they are actually released/listed on the market.

They do this as a kind of IOU process I think- so you can buy now and then actually get the coins when they get released.

Have I got this right? It seems a bit out there. I see that ICX is currently trading at $1.12. Do you think this price will be accurate when the coins are released properly?

Cheers
Boon