CoinDogg ILO SOLD OUT in less than 4 hours!

On the 7th of May at 12:00 AM UTC, CoinDogg officially kicked off their initial liquidity offering (ILO) on decentralized exchange SakeSwap. Depending on your timezone and sleeping schedule you’d be forgiven for missing the whole thing, with the entire process being sold out and over in less than four hours!

The sale raised a cool 20 ETH for the project and comes off the back of a successful month just being completed on the ExMarket’s exchange launchpad both initiatives aimed to help realize the vision of supporting independent content creators across the globe and accelerating the adoption of crypto by the mainstream.

SakeSwap launched in 2020 and has already been making waves in the crypto space with its novel ILO crowdfunding platform and AMM liquidity pools, which are designed to give access to top-quality projects for all investors ranging right down from whales to shrimps.

How an ILO works?

ILO raises on the SakeSwap platform are conducted on an application basis with the process involving approval by core members of the SakeSwap team and community voting before projects are accepted onto the platform.

Project founders provide details outlining the project’s vision and token info including pool cap Info, investor access, and contribution limits, dates & Token Lock Period. The intention of the lock period is to give the project stability and the community more confidence.

Once approved, projects submit their tokens to SakeSwaps ILO smart contract pending the ILO opening. Assuming the ILO is well received and gains investor interest, investors also contribute funds to the smart contract with half of the funds being deposited converted to the project token and half remaining unchanged.

Investors receive LP tokens to prove their contribution to the pool whereas the project receives half the funds deposited by investors, equivalent to the value of project tokens deposited.

For a more detailed understanding of how the ILO process works and to find out about potential future projects launching on the SakeSwap exchange check out their information page here.

For more information on the CoinDogg project, development, and future fundraising rounds follow us on Twitter, join our Telegram community, or visit us at




Supporting content creators and taking cryptocurrency to the moon!

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Omniverse DEX — An AMM DEX with Farming

Bitcoin once Again Started the Road of Hurricane

Fake Money: Bitcoin and the US Dollar

EcoPower is a Token for Energy on a Green Blockchain

Hello I am relatively new to the bitcoin and other crypto coins so if you like in the meantime get…

Pacific and Chimeras reached a strategic cooperation partnership

Blockchain And Virtual Currency: What You Need To Know

Spacebot: a real opportunity to deal with depression

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


Supporting content creators and taking cryptocurrency to the moon!

More from Medium

HIMO Listed on CoinMarketCap now

MEXC Exchange Launches the “MX DeFi” Session with Mars Ecosystem Token (XMS)

New Sin City:Private round presale raises $40 million in total

Top 3 IDO Launchpads in 2022