The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s current market value.
The token was launched on November 11th, 2020 on BitForex as an IEO, at an initial price of $0.7. After the launch, the price rose to $11, and it has continued to rise. TMCN’s price hit a record high of $8,500 on February 18th, 2021 and that price was more than 12,142 times the initial price. Also, TimeCoin is listed on BitMart on March 24th, 2021, and will be listed on other exchanges near the future.
The project, the TimeCoinProtocol, was initially financed 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 Token Sale, the tokens will be sold on the OTC market. The project bought back most of the tokens available on the market so as not to increase the selling pressure.
The tokens will also be made available for trading on other crypto exchanges in the future.
So far, no public or private sale of TimeCoin has been conducted, but rather small quantities of tokens have been sold during the IEO.
The Special Token Sale serves specifically to raise funds for the development and enhancement of the project, and in particular for the eSportStars dApp, which was released 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 the TimeCoinProtocol, 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 in order 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 in-game items, art and anime characters traded using NFTs.
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 one was launched on February 15th, and will run until April 30th, 2021. 5,000,000 TMCN tokens will be offered for sale at a price of 0.00004 BTC, which is more than 90% discount on the current market value.
The second one will be launched on May 1st, 2021 and will last until May 31st, 2021. It will cover another 5,000,000 TMCNs at a price of 0.00009 BTC, which is more than 80% discount on the current market value.
The total amount expected to be raised is approximately $10 million.
It will be possible to purchase in BTC, USDT or ETH via the TimeCoinProtocol.com/sale page, where it is also possible to consult the table of the token release periods.
To purchase TMCN, an investor is STRONGLY RECOMMENDED to prepare a private wallet like MetaMask. (An investor is NOT recommended to purchase TMCN using a crypto exchange account.)
Subscribe to the TimeCoinProtocol Telegram to earn TMCN Free Rewards and buy TMCN.
TimeCoin Token Sale Information
TimeCoin on BitForex
TimeCoinProtocol Telegram Account
TimeCoinProtocol Twitter Account
A Complete Overview of Cryptocurrency Cloud Mining Platform – TopHash
9 Out of Every 10 Central Banks Around the World are Exploring CBDCs, Ripple Reports
XRP Is On Its Way to a Strong Comeback as Coin’s Rising Trading Volume Shows Growing Investor Interest
Research Uncovers Why XRP Is Japan’s Most Favored Cryptocurrency
XRP Falls to $0.47, as the SEC Strikes Back at Ripple
Recent Press Release
CGMD Miner’s Low-Cost Coin Mining : Spend Less, Earn More!
As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many...
Will Arbitrum Reach $1? ARB Struggles, SPCT Offers Better Prospects
As the crypto market recovers from Bitcoin’s (BTC) recent crash, Arbitrum (ARB) is enhancing its network capabilities to improve its...
Cardano (ADA) Lags, Analysts Predict VC Spectra (SPCT) Will Outpace it
Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news...
SUI and Hedera (HBAR) Slump Ahead of Token Unlocks, VC Spectra (SPCT) Gains Users
Token unlocks in crypto are typically bearish signs due to basic supply and demand. Analysts will keenly observe how Sui...
While Polkadot (DOT) Pauses, VC Spectra (SPCT) Offers a 220% Potential Upside!
VC Spectra (SPCT), a rising blockchain for investments and asset management, has grown considerably in its ongoing presale. Meanwhile, Polkadot...