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 11th, 2020 on BitForex with an IEO, at an initial price of $0.7. However, already after the launch of the IEO it had risen to $11, and has since continued to rise.
At the beginning of 2021, it had already risen to $22, while now it is close to $30, with a market capitalization of over $2 billion.
The project, 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, so as not to increase the selling pressure, after most of the tokens available on the market have been bought back by the project. They will also be made available for trading on other crypto exchanges in the…