PRESS RELEASE. The Special Token Sale of TimeCoin (TMCN) will probably be launched on February fifteenth with a 93% low cost on the token’s present market worth.
The token was launched on November eleventh, 2020 on BitForex with an IEO, at an preliminary worth of $0.7. Nonetheless, already after the launch of the IEO it had risen to $11, and has since continued to rise.
Firstly of 2021, it had already risen to $22, whereas now it’s near $30, with a market capitalization of over $2 billion.
The challenge, TimeCoinProtocol was initially financed by a couple of buyers who invested round $4 million, and solely a really restricted variety of tokens have been positioned available on the market.
Now with the Particular Token Sale, the tokens will probably be offered on the OTC market, in order to not enhance the promoting stress, after many of the tokens obtainable available on the market have been purchased again by the challenge. They can even be made obtainable for buying and selling on different crypto exchanges sooner or later.
Thus far, no public or personal sale of TimeCoin has been carried out, however moderately small portions of tokens have been offered throughout the IEO.
The Particular Token Sale serves particularly to lift funds for the event and enhancement of the challenge, and particularly for the eSportStars dApp, which was launched in October and is anticipated to develop sooner than anticipated. This requires additional improvement, in addition to the implementation of DeFi and NFT functionalities in TimeCoinProtocol, and new funds to help improvement and advertising and marketing prices.
Because of this, the choice has been made to launch two particular, off-market token gross sales as a way to allow the implementation of DeFi performance within the eSportStars and TimeTicket dApps, in order that followers can help creators akin to eSport gamers, streamers, VTuber, and so forth.
It will enable each creators and followers to obtain further tokens, in addition to in-game gadgets, artwork and anime characters traded utilizing NFTs.
Out of a complete of 100,000,000 current TMCN tokens, 10,000,000 tokens will probably be offered throughout the two particular token gross sales.
The primary one will probably be launched on February fifteenth, and can run till April thirtieth, 2021. 5,000,000 TMCN tokens will probably be supplied on the market at a worth of 0.00004 BTC, a 93% low cost on the present market worth.
The second will probably be launched on Might 1st, 2021 and can final till Might thirty first, 2021. It’s going to cowl one other 5,000,000 TMCNs at a worth of 0.00009 BTC, or 85% low cost.
The overall quantity anticipated to be raised is roughly $10 million.
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