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Leading blockchain platform Bit2Me recently announced that it has closed the first phase of its initial coin offering, raising €5 Million in under 60 seconds. This extraordinary feat has made Bit2Me’s ICO the most successful of its kind in<a href="https://www.cryptoknowmics.com/news/huobi-and-bybit-warned-by-spains-cnmv-over-operating-without-proper-licensing/"> Spain</a>. 
<h2>Round One of Bit2Me ICO Sell Out at €5 Million in 60 Seconds</h2>
Initial coin offerings were once considered the gold standard of fundraising for crypto projects. However, after they reached their height in 2018, ICOs became plagued with myriad <a href="https://www.cryptoknowmics.com/news/spain-opens-public-comments-on-newly-proposed-crypto-regulations/">regulatory issues</a> that prompted many to rule them out as a thing of the past. This reasoning has now been challenged by Bit2Me’s ICO, which recorded jaw-dropping demand recently.

According to a September 6 <a href="https://www.prnewswire.com/news-releases/bit2me-raises-5-million-euros-in-the-first-phase-of-its-ico-in-just-59-seconds-301369786.html" target="_blank" rel="nofollow noopener">release</a>, the first phase of Bit2Me’s ICO raised €5 Million in under 60 seconds due to enormous demand from consumers. The Spanish crypto platform had already raised €2.5 million from private investors in early August, which takes its total investment to €7.5 million.

Commenting on the B2M token’s significant popularity, Leif Ferreira, the co-founder, and CEO of Bit2Me stated:

“It was very important for us to demonstrate that from Spain we can also digitally transform the world in the style of Silicon Valley. We are the pioneers in a technology that is revolutionizing the whole planet. We have demonstrated why we are one of the engines driving this disruptive proposal.”

Buyers who were able to snag B2M tokens in this round would enjoy a 90% discount on commissions. Additionally, they would get access to better conditions associated with various services and governance rights to determine the company’s future.
<h2>Upcoming Sales of B2M Tokens</h2>
For those who missed out Bit2Me’s first sale, the token will be available on two more dates this month; once on September 13, and for a final time on September 21. The crypto platform will circulate 500 million tokens during its second sale and another 250 million tokens in its third sale. Altogether, there will be 1.25 billion B2M tokens in circulation.

The Bit2Me website currently has an open queue for the sale where interested buyers can schedule a purchase.

Bit2Me Closes First Phase of ICO With €5 Million in Just 60 seconds

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