PRESS RELEASE. The Particular 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 value of $0.7. Nevertheless, 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 venture, TimeCoinProtocol was initially financed by just a few traders 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 bought on the OTC market, in order to not enhance the promoting stress, after a lot of the tokens accessible available on the market have been purchased again by the venture. They may even be made accessible for buying and selling on different crypto exchanges sooner or later.
To date, no public or personal sale of TimeCoin has been performed, however somewhat small portions of tokens have been bought in the course of the IEO.
The Particular Token Sale serves particularly to boost funds for the event and enhancement of the venture, and particularly for the eSportStars dApp, which was launched in October and is predicted to develop quicker than anticipated. This requires additional improvement, in addition to the implementation of DeFi and NFT functionalities in TimeCoinProtocol, and new funds to assist improvement and advertising and marketing prices.
For that reason, the choice has been made to launch two particular, off-market token gross sales with a purpose to allow the implementation of DeFi performance within the eSportStars and TimeTicket dApps, in order that followers can assist creators comparable to eSport gamers, streamers, VTuber, and so forth.
This can enable each creators and followers to obtain extra 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 probably be bought in the course of 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 provided on the market at a value 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 should cowl one other 5,000,000 TMCNs at a value of 0.00009 BTC, or 85% low cost.
The entire quantity anticipated to be raised is roughly $10 million.
It is going to be potential to buy in BTC, USDT or ETH through the TimeCoinProtocol.com/sale web page, the place it is usually potential to seek the advice of the desk of the token launch intervals.
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