The Special Token Sale from TimeCoin (TMCN) started on February 15, 2021 with a discount of 93% on the current market value of the token.
The token was launched on BitForex on November 11, 2020 as an IEO at an initial price of $ 0.7. After launch, the price rose to $ 11 and has continued to rise. TMCN’s price hit a record high of $ 8,500 on February 18, 2021, and that price was more than 12,142 times the original price. Additionally, TimeCoin is listed on BitMart on March 24, 2021 and will be listed on other exchanges in the near future.
The project, the TimeCoinProtocol, was originally funded by a few investors who invested around $ 4 million and only a very limited number of tokens were launched.
Now with the Special Token Sale, the tokens will be sold on the OTC market. The project bought back most of the tokens available in the market so as not to increase the pressure to sell.
The tokens will also be made available for trading on other crypto exchanges in the future.
So far there has been no public or private sale of TimeCoin, rather small amounts of tokens have been sold during the IEO.
The special token sale is specifically designed to raise funds for the development and improvement of the project, especially the eSportStars dApp, which was released in October 2020 and is expected to grow faster than expected. The project requires further development and the implementation of DeFi and NFT functions in the TimeCoinProtocol and new means to support development and marketing costs.
For this reason, the decision was made to start two special off-market token sales to enable the implementation of the DeFi functionality in the eSportStars and TimeTicket dApps, so that fans can use developers such as eSport players, streamers, VTubers, can support. etc.
This allows both developers and fans to receive additional tokens, as well as in-game items, art, and anime characters that are traded using NFTs.
From a total of 100,000,000 TMCN tokens available, 10,000,000 tokens will be sold during the two special token sales.
The first was launched on February 15 and runs until April 30, 2021. 5,000,000 TMCN tokens are on sale at a price of 0.00004 BTC, which is a discount of more than 90% on the current market value.
The second will be introduced on May 1, 2021 and will last until May 31, 2021. It covers an additional 5,000,000 TMCNs at a price of 0.00009 BTC, which is a discount of more than 80% on the current market value.
The total expected amount is approximately $ 10 million.
The purchase in BTC, USDT or ETH is possible via the TimeCoinProtocol.com/sale page. There you can also see the table of the token publication periods.
In order to purchase TMCN, an investor is strongly advised to prepare a private wallet such as MetaMask. (It is NOT recommended that an investor purchase TMCN using a Crypto Exchange account.)
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