PaybitoPro to Conduct IEO Campaign For Indonesian E-commerce Startup

Global Cryptocurrency Exchange PayBitoPro offers IEO hosting services for an Indonesia-based E-commerce startup. The firm announced a utility token launch on the completion of 3 IEOs. The first round of IEO begins on 25th July, 2021.

IEO and E-commerce

PayBitoPro Chief and Blockchain pioneer Raj Chowdhury said, “We’re delighted to be a part of a venture that targets decentralization,”

The Indonesian E-commerce startup aims to disrupt oligopoly by backing local companies equally along with big-name brands. Decentralization will start a better competition, helping both homegrown brands and consumers.

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Impact of E-Commerce on Homegrown Brands

Chowdhury explained further, “This venture gains our support not only because its objective aligns with ours, but also because it attempts to set two wrongs right.”

Also Read: PayBitoPro Offers Refer and Earn Program to its Global Users

Consumers are voicing concerns about the lack of brand options all over the world. Underlying reasons include market monopolization attempts by big brands. Governments are bringing in-laws to restrict monopoly. Campaigns on social media and other platforms for promotion of local homegrown brands rather than opting for famous international brands are increasing regularly. 

Source: https://www.benzinga.com/pressreleases/21/07/p22164074/paybito-to-host-ieo-for-e-commerce-startup-promoting-local-brands