Bitcoin.comPress ReleaseTimeCoin

TimeCoin’s Off-Market Token Sale

PRESS RELEASE. 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 …
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