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The special token sale of TimeCoin (TMCN) was launched on February 15, 2021, with a 93% discount on the current market price of the token.

The token was launched as an IEO on BitForex on November 11, 2020, at an initial price of $ 0.7. After the launch, its price rose to $ 11 and continues to rise. TMCN was priced at a record high of $ 8,500 on February 18, 2021, and that price was 12,142 times the opening price. In addition, TimeCoin is listed on Bitmart on March 24, 2021 and will be listed on other exchanges near the future.

The project, TimeCoinProtocol, initially invested around $ 4 million by some investors, and only a limited number of tokens were placed on the market.

Now with special token sales, 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 sales pressure.

The token will also be made available for trading on other crypto exchanges in the future.

So far, no public or private sales of TimeCoin have been made, but rather small amounts of tokens have been sold during the IEO.

The special token sale serves to raise funds specifically for the development and growth of the project, and specifically for eSportStars dApp, which was released in October 2020 and is expected to grow faster than anticipated. The project requires further development, as well as new funds to support the implementation and development and marketing costs of DFI and NXT functionalities in TimeCoinProtocol.

For this reason, it has been decided to introduce two exclusive, off-market token sales to enable the implementation of the DeFi functionality in ESportStars and TimeTicket dApps, so that fans can support creators such as eSport players, streamers, vtusers and more.

This will allow both creators and fans to obtain additional tokens, as well as in-game items, art, and anime characters traded using ENFT.

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 15 February, and will run till 30 April 2021. 5,000,000 TMCN tokens will be offered for sale at a price of 0.00004 BTC, a 90% discount over the current market price.

The second will start on May 1, 2021 and will run until May 31, 2021. It will cover another 5,000,000 TMCNS at a price of 0.00009 BTC, a discount of over 80% on the current market price.

The total amount expected to be raised is around $ 10 million.

It will also be possible to purchase at BTC, USDT or ETH via the TimeCoinProtocol.com/sale page, where it is also possible to consult the token release period table.

By Alex Alena

Alex Alena has been the lead news writer at Cryptocurrency Updates. With a degree in communications, Matt has an uncanny ability to make the most complex subject matter easy to understand.