Bittrex said that they would launch an initial exchange offering (IEO) on behalf of RAID signifying an upturn in the rather dwindling cryptocurrency market while fostering global adoption. But are XRD tokens coming from a real company?
In the legal announcement by Bittrex, it is noted that XRD tokens will be issued by ONERAID PTE. LTD, a Singaporean Company. Coinspeaker tried to find this company on Singapore company regulatory authority ACRA official website. As for them, there is no company with that name registered in Singapore.
There are, however, several companies that have the word "Raid" in their full name (and are also Pte Ltd) but while one being registered for selling alcoholic beverages, the second one for apparel and accessories, the rest of them are pretty much inactive (and registered before 2010).
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