Press release
PRESS RELEASE. The Special token sale of TimeCoin (TMCN) will be launched on February 15th with a 93% discount on the token’s current market value.
The token was launched on November 11, 2020 BitForex with an IEO at an initial price of $ 0.7. However, it had already risen to $ 11 after the IEO launched and has continued to rise since then.
At the beginning of 2021, it had already risen to $ 22, now it’s almost $ 30 with a market cap of over $ 2 billion.
The project, TimeCoinProtocol was originally funded by a few investors who put in around $ 4 million and only a very limited number of tokens were launched.
With the Special Token Sale, the tokens are now being sold on the OTC market so as not to increase the selling pressure after most of the tokens available on the market have been bought back by the project. In the future, they will also be made available for trading on other crypto exchanges.
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 and especially for the project eSportStars dApp, which was released in October and is expected to grow faster than expected. This requires further development as well as the implementation of DeFi and NFT functions in 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 DeFi functions in the eSportStars and TimeTicket dApps, so that fans can use developers such as eSport players, streamers, VTuber, 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 will be 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 a 93% discount 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 or 85% discount.
The total expected amount is approximately $ 10 million.
It is possible to buy in BTC, USDT or ETH through the TimeCoinProtocol.com/sale Page where it is also possible to consult the table of token release periods.
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