[{"data":1,"prerenderedAt":103},["ShallowReactive",2],{"/blog/bid-token-lists-hata-coinstore-2025":3},{"id":4,"title":5,"author":6,"authorPic":7,"body":8,"category":92,"coverPics":18,"date":93,"description":94,"extension":95,"meta":96,"navigation":97,"path":98,"seo":99,"stem":100,"type":101,"__hash__":102},"blogs/blog/bid-token-lists-hata-coinstore-2025.md","Full circle: BidNow's $BID becomes Malaysia's first IEO token to reach exchange trading","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3",{"type":9,"value":10,"toc":83},"minimark",[11,19,22,33,38,41,44,48,51,56],[12,13,14],"p",{},[15,16],"img",{"alt":17,"src":18},"Raising with tokens","/img/blog/gen/bid-token-lists-hata-coinstore-2025.svg",[12,20,21],{},"The last box in Malaysia's token-fundraising framework just got ticked.",[12,23,24,28,29,32],{},[25,26,27],"strong",{},"BidNow's $BID token"," — which raised RM10 million from 469 investors on pitchIN last August in Malaysia's first Token Crowdfunding campaign — has listed on ",[25,30,31],{},"Hata Global and Coinstore",". It is the first digital token approved under Malaysia's IEO framework to reach exchange trading.",[34,35,37],"h2",{"id":36},"why-full-circle-is-the-right-phrase","Why \"full circle\" is the right phrase",[12,39,40],{},"When the SC published its digital asset guidelines in 2020, the promise was a complete lifecycle: raise capital with tokens through a regulated platform, then give investors regulated secondary liquidity. For four years, only the first half existed. The pitchIN–Hata partnership signed in October built the bridge; today, tokens crossed it.",[12,42,43],{},"$BID holders get their utility (priority bidding, discounts, loyalty perks on BidNow's auction platform) plus something Malaysian token investors have never had before: a regulated exit.",[34,45,47],{"id":46},"the-honest-caveat","The honest caveat",[12,49,50],{},"One completed raise and one listing make a proof of concept, not a market. The pipeline pitchIN flagged last year has yet to produce a second public campaign. But every capital market in history started with a first deal that worked — and Malaysia's token market now has one.",[52,53,55],"h3",{"id":54},"references","References",[57,58,59,69,76],"ul",{},[60,61,62],"li",{},[63,64,68],"a",{"href":65,"rel":66},"https://fintechnews.my/47484/blockchain/bidnow-bid/",[67],"nofollow","Fintech News Malaysia — \"$BID lists on Hata Global and Coinstore\" (6 Jan 2025)",[60,70,71],{},[63,72,75],{"href":73,"rel":74},"https://www.digitalnewsasia.com/digital-economy/bidnow-celebrates-token-listing-hata-global-and-coinstore",[67],"Digital News Asia — \"BidNow celebrates token listing on Hata Global and Coinstore\"",[60,77,78],{},[63,79,82],{"href":80,"rel":81},"https://fintechnews.my/46329/blockchain/pitchin-hata-collaboration/",[67],"Fintech News Malaysia — pitchIN–Hata partnership background (1 Oct 2024)",{"title":84,"searchDepth":85,"depth":85,"links":86},"",2,[87,88],{"id":36,"depth":85,"text":37},{"id":46,"depth":85,"text":47,"children":89},[90],{"id":54,"depth":91,"text":55},3,"News","2025-01-06","The token behind Malaysia's first crowdfunded raise lists on Hata Global and Coinstore — completing, for the first time, the primary-raise-to-secondary-market cycle the SC's framework promised.","md",{},true,"/blog/bid-token-lists-hata-coinstore-2025",{"title":5,"description":94},"blog/bid-token-lists-hata-coinstore-2025","blog","s6oA85gkCkGI6nLNYb73fu9_1TprIpsejjxgEdiLwAY",1784183599533]