The TimeCoin (TMCN) special token sale happened on February 15, 2021, with a 93% discount on the current market value of the token.
Details on the TimeCoin Token Sale
The token was launched on November 11, 2020 on BitForex as IEO, at a starting price of $ 0.7. After launch, the price jumped to $ 11 and has continued to rise ever since.
In fact, TMCN’s price hit a record high of $ 8,500 on February 18, 2021 and that price was more than 12,142 times the initial price. Additionally, TimeCoin will be listed on BitMart on March 24, 2021 and will be listed on other crypto exchanges in the future.
A special sale
It is worth mentioning that the project, TimeCoin Protocol, was initially funded by a few investors who invested around $ 4 million, and only a very limited number of tokens were placed on the market.
Now, with the special sale of tokens, they will be sold on the OTC market. Likewise, it is relevant to mention that the project repurchased most of the tokens available in the market so as not to increase the sales pressure.
Furthermore, the tokens will also be available for trading on other crypto exchanges in the future.
But, so far, there has been no public or private sale of TimeCoin, but small amounts of tokens have been sold during IEO.
What is it for?
The sale of special tokens specifically serves to raise funds for the development and improvement of the project, and in particular for the eSportStars dApp, which was launched in October 2020 and is expected to grow faster than anticipated.
The project requires further development, as well as the implementation of DeFi and NFT functionalities in TimeCoin Protocol, and new funds to support development and marketing costs.
For this reason, the decision has been made to launch two special off-market token sales to enable the implementation of DeFi functionality in the eSportStars and TimeTicket dApps, so that fans can support creators such as eSport players, streamers, VTubers. , etc.
This will allow both creators and fans to receive additional tokens, as well as game items, art, and anime characters traded via NFT.
When will it happen?
In this way, out of a total of 100,000,000 existing TMCN tokens, 10,000,000 tokens will be sold during the two special token sales.
The first special sale launched on February 15 and will run until April 30, 2021. 5,000,000 TMCN tokens will be offered for sale at a price of 0.00004 BTC, which is more than 90% off the market value. current.
And the second initial sale will launch on May 1, 2021 and last until May 31, 2021. It will cover another 5,000,000 TMCN at a price of 0.00009 BTC, which is more than 80% off the current market value. .
The total amount expected to be raised is approximately $ 10 million.
For those interested in participating, it will be possible to buy in BTC, USDT or ETH through the page TimeCoinProtocol.com/sale, where it is also possible to consult the table of token release periods.
What’s more, TimeCoin Protocol recommends the investor to prepare a private wallet such as MetaMask. (The investor is NOT recommended to buy TMCN using an account on a crypto exchange.)
Subscribe to the Telegram chat of the TimeCoin Protocol to read the latest news.
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