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New Crypto IDO To Watch Today – Burn Kenny Uniswap Listing
Listings of new coins on Uniswap are often explosive, as traders FOMO into a position hoping to catch a brand new cryptocurrency asset at a cheap price before it goes on to make 10x – 100x gains or even higher, as is often the case with meme tokens in the current market conditions.
The South Park themed meme token Burn Kenny (KENNY) recently sold out its low hard cap presale within the space of three days, having launched on Thursday with a target of $500,000 and being sold out by Sunday.
Visit burnkenny.vip for links to the project’s socials to stay up to date on all the latest developments before its initial DEX offering (IDO).
Burn Kenny Crypto IDO
The time and date for $KENNY’s IDO on Uniswap has now been set – 16:00 UTC / 18:00 CET today, July 24. Like its presale launch, that peak time has been calculated to allow as many traders as possible to take part.
Many meme coin traders missed the Burn Kenny presale, given its low market cap and extensive marketing efforts, as the screenshot from the project’s below shows.
That could translate to a high buying volume at its Monday IDO, as day one entrants on Uniswap scoop up the new crypto token.
$KENNY token liquidity has been locked for three months with Team Finance, another step that could prevent a post-IDO dump.
In addition, during the Burn Kenny presale, $KENNY was priced at a single low price – $0.0001875 per token – rather than several price stages, meaning early entrants will have no incentive to immediately take profit.
40% of the total supply, 2,666,666,666 $KENNY, was allocated to the presale.
According to the project’s Twitter and whitepaper, 30% of the Burn Kenny token supply will also be burnt incrementally, for three days after the Uniswap listing. Being a deflationary token could help support the $KENNY price following its IDO.
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Burn Kenny IDO Marketing
The Burn Kenny team have marketed $KENNY on leading crypto news publications and high traffic price tracking sites, including CoinGecko and DEXScreener.
That outreach could generate a high level of interest in its Uniswap listing today ahead of the 18:00 CET launch time, on a day when many traders are at their desk also watching the Worldcoin ICO on Binance. The WLD Binance listing took place earlier today at 09:00 UTC.
Widely followed cryptocurrency Telegram group ‘Crypto Whale Pumps’ has also to taking part in crypto IDOs and ICOs (also simply known as IEOs, initial exchange offerings), in terms of where to set exit points to take profit.
Read our own Burn Kenny price predictions here. To take part in the $KENNY IDO, traders will need ETH and a crypto wallet to connect to Uniswap – only follow official links posted by the team – or DEXTools.
The DEXTools link has already been posted – with trading set to go live at the same time as Burn Kenny presale tokens are able to be claimed, 18:00 CET.
Disclaimer This article is a paid publication and does not have journalistic/ editorial involvement of CoinGape. CoinGape does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. Do your market research before taking any actions . The author or the publication does not hold any responsibility for your personal financial loss.
