DAOMaker don succeed for carry out Magic Square IDO wey plenty people don subscribe for
Token launchpad DAOMaker don successfully host di initial DEX offering (IDO) for Magic Square, even though e don over subscribe by 27 times di public allocation. Dem originally plan am for TokenSoft, but di IDO don face correct demand with 31,000 registered users, wey lead to server overload and dem gatz shift am go DAOMaker. Dis alternative platform fit handle di surge, with 8,000 participants wey pledge over $20M for USDT against di $800K public allocation. Di sale of $SQR token still popular among $DAO holders, wey reach ten times di intended subscription rate. After di IDO, dem list $SQR for Bybit, wey experience 7-fold price increase and e dey trade now for $0.68. Plus, Magic Square dey focus on expanding dem presence for di web3 gaming space.
Bullish
Di successful wey IDO wey plenti pipol don sign up show say investors dey interested and dem get confidence for both DAOMaker and Magic Square, wey be bullish sign for $SQR token and fit also be for DAOMaker $DAO token. Di performance after di IDO, wey $SQR don achieve 7x increase for Bybit, show say market dey respond positively and e show say significant price appreciation dey possible. This kind event dey usually contribute to bullish sentiment for di crypto market, wey dey attract more attention and investment into di sector.