press launch
PRESS RELEASE. The Special Token Sale of TimeCoin (TMCN) will likely 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.
At the start of 2021, it had already risen to $22, whereas now it’s near $30, with a market capitalization of over $2 billion.
The undertaking, TimeCoinProtocol was initially financed by a number of traders who invested round $4 million, and solely a really restricted variety of tokens have been positioned in the marketplace.
Now with the Particular Token Sale, the tokens will likely be offered on the OTC market, in order to not improve the promoting stress, after a lot of the tokens out there in the marketplace have been purchased again by the undertaking. They will even be made out there for buying and selling on different crypto exchanges sooner or later.
Up to now, no public or personal sale of TimeCoin has been carried out, however fairly small portions of tokens have been offered in the course of the IEO.
The Particular Token Sale serves particularly to boost funds for the event and enhancement of the undertaking, 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 prices.
For that reason, 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 comparable to eSport gamers, streamers, VTuber, and so on.
This may permit each creators and followers to obtain further tokens, in addition to in-game objects, artwork and anime characters traded utilizing NFTs.
Out of a complete of 100,000,000 present TMCN tokens, 10,000,000 tokens will likely be offered in the course of the two particular token gross sales.
The primary one will likely be launched on February fifteenth, and can run till April thirtieth, 2021. 5,000,000 TMCN tokens will likely be supplied on the market at a worth of 0.00004 BTC, a 93% low cost on the present market worth.
The second will likely be launched on Might 1st, 2021 and can final till Might thirty first, 2021. It is going to cowl one other 5,000,000 TMCNs at a worth of 0.00009 BTC, or 85% low cost.
The whole quantity anticipated to be raised is roughly $10 million.
It will likely be attainable to buy in BTC, USDT or ETH by way of the TimeCoinProtocol.com/sale web page, the place it is usually attainable to seek the advice of the desk of the token launch intervals.
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This can be a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or companies. Bitcoin.com is just not accountable, instantly or not directly, for any harm or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about within the press launch.
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