Timecoin complete review
Today's article, I'm gonna be sharing a gratifying project in which we could take advantage its services. If you're a crypto fan, for sure, you'll be interested with this new opportunity, we could grab.
So in this article, we're going to talk about this token, its background, its purpose, its IEO story, its price performance, and how we could participate on their special token sale to get 93% discount on its current market value.
Before we begin, I just to want to tell you that this is not a financial advice. So the main agenda of this video is to inform you, guys. And it's always recommended for you to do your own research, of course. Because cryptocurrency involves investments. And investment involves risk, most especially in cryptocurrency because of its price volatility.
So let me introduce to you TimeCoin or TMCN. TimeCoin or TMCN is a cryptocurrency issued by Time Ticket. The token is currently listed on BitForex and BitMart's exchange platform. So we can trade them there already. But before that, let's first get to know about the background and purpose of TimeCoin. Including its price performance. So let's answer the question "What is TimeCoin?" TimeCoin or TMCN is a cryptocurrency issued by Time Ticket as subsidiary of Time Ticket Incorporated. Which runs a marketplace that connects people who wish to buy and sell skills and services utilizing the time that is available to them.
The skill-sharing economy marketplace Time Ticket ran by Tim Ticket Incorporated, has 450,000 users and its sales have grown 40 times over the past four years. The company has raised ¥400 million by equity financing and plans to go public. Time Ticket is running a blockchain project called Time Coin Protocol. The project aims to develop and run a sharing economy platform as well as developing sharing economy services, and esport applications running on the platform. So what is TimeCoin protocol? It is a platform design to facilitate the creation and operation of sharing economy apps on blockchain.
TimeCoin or TMCN is a cryptocurrency that you can use in the apps on Time Coin Protocol. On the Time Coin Protocol companies and individual will be able to offer sharing economy apps on Apple Store and Google Play on smartphones. The current problem with sharing economy services temps from the power of a handful of key players such as Uber, Airbnb, WeWork, UpWork, and Fiverr. These superpowers have been under scrutinized for using the personal information of users inappropriately. With the Time Coin Protocol, users can carry their transaction history, evaluations, and reputation between apps. And they can choose the information they want to share with third parties. Users are no longer have to pay excessive fees to app companies or platforms and they can get better services for lower fees. Their first app is focusing on eSports where TimeCoin is used as utility token.
The TimeCoin was listed on November 11, 2020, on BitForex. It is the world's sixth-best cryptocurrency exchange. The price of TimeCoin at the IEO was set at $0.7 per TimeCoin with Market Capitalization converted to Bitcoin was ¥7 billion. However, orders started flooding in and TimeCoin was sold out within seconds. After that, it reached the opening price of $11 USD which is 15 times more than the original price. Well, in most cases, the price of tokens tend to plunge after IEO. But TimeCoin continued to rise hitting the highest of $8,500 USD on April 18. And that is 12,142 times the original price. Right? We should've been there when the price increased. The IEO was carried out to raise awareness of the project and no public or private sale of TimeCoin was conducted before IEO. The project has been funded by Equity Financing with approximately ¥400 million, which has been sufficient to develop the projects so far without relying on cryptocurrency financing. As the total volume of TimeCoin traded on BitForex's very small, the price has high-rocketed. And now for the best NFT and DeFi project token sale TimeCoin. The special sale of TimeCoin or TMCN was launched on February 15th, 2021 with a 93% discount on the token's market value. The token was launched on November 11, 2020, on BitForex as an IEO as mentioned a while ago. The TimeCoin is also listed on March 24, 2021. Following listings on Biki on April 14, 2021.
And will be listed on other exchanges near the future. The project, the Time Coin Protocol, 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 not as 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 quantity of token had been sold during the IEO. So out of a total of 100 million existing TMCN tokens, 10 million tokens will be sold during the two special token sales. The first one was launched on February 15th and will run until April 30th, 2021. 5 million TMCN tokens will be offered for sale at the prize of 0.00004 BTC, which is more than 90% discount on the current market value. The second one will be launched on May 1st, 2021 and will last until May 31st, 2021. It will cove another 5 million TMCN token at the price of 0.00009 BTC, which is more than 80% discount on the current market value. The total amount of expected to be raised is approximately $20 million. It will be possible to purchase in BTC, USDT and ETH via www.timecoinprotocol.com/sale Where it is also possible to consult the table of the token released periods.
To purchase TMCN, an advisory is strongly recommended to prepare a private wallet like Metamask. So on the side, as said, you'll see the table indicating the total number of TimeCoins, its selling price in BTC, ETH, and USDT. Its discount rate, 93% off from February 15 to April 30th. And 85% off from May 1st to May 31st of 2021. There are also some notes on purchasing TimeCoins on this website, and you must check it out as well before purchasing. Now, for the purchasing process. Step 1, apply to purchase via form. Complete your purchase application before the end time of the round, 23:55 GMT+9 on 30th April. Number two, you receive the confirmation email from the admin. Number three, make your payment. Deposit BTC, USDT or ETH within 10 days of purchase application. All instructions are in the confirmation email. Number 4, receive your payment confirmation email from the admin. It takes a business day or two after the payment is made. And then, step 5. Receive the TMCN for your purchase at due date as defined in the agreement. You can just click on apply if you already decided to participate on their special token sale. So there you have it, guys. I have shared a lot of information about TimeCoin token. But I would still recommend you to do your own research personally. Explore their website and analyze their market price. You can also join their Telegram community, link on the description. Again, I just want to tell you that this is not a financial advice. The main agenda is to inform you regarding this DeFi project. Of course, cryptocurrency involves investment. And investment involves risks, most especially in cryptocurrency because of its price volatility. So if you have no idea at all about cryptos, again, please learn first about the basics before joining these projects. Because you really need to be aware. You need to have at least some knowledge and of course, you have to be emotionally prepared for possible things to happen.
