Crypto currency exchange #Binance has announced that it will sell #Tokocrypto ( #TKO) on #Launchpad. Users will be able to start participating in the token sale with their #BNB balance as of March 31 at 03:00 CET.
The building, the owner can only join the TKO sale of BNB said . Users will be able to participate in the token sale by taking snapshots of BNB balances for seven days.
↘️Token sale details
With a total supply of 500 million, TKO allocated 15 percent of its supply to Binance Launchpad for the sale of Binance Launchpad . On Binance, which will sell 75 million TKOs, the selling price of TKO will be $ 0.10. The maximum amount expected from the token sale is expected to be $ 7.5 million, and the maximum token amount per user is expected to be $ 20,000.
According to Binance's statement, users are given a seven-day preparation period for token sales. Between 31 March and 7 April at 03:00 CET, snapshots of BNB balances will be taken and calculated daily. Then the averages of the balances will be calculated.
The #subscription process will start between 07:00 - 11:00 on April 7. Users will sign a contract by committing their BNB. Between 11:00 am - 12:00 pm on April 7, token calculations will begin and token distribution will begin at 12:00 pm. TKOs will be dropped from locked BNBs and transferred to wallets.
↘️Binance and Tokocrypto relationship
The building of #Indonesia's first legal crypto invest in the stock market on May 12, 2020 Tokocrypto did . While the Tokocrypto CEO interpreted this investment as an opportunity to provide superior services for the Indonesian market, Binance CEO Changpeng Zhao said, “Our investment will enable us to explore new opportunities for the Indonesian market with Tokocrypto.” had made his comment.
Founded in Indonesia in 2018, Tokocrypto was established as a platform that enables digital asset trading. TKO, the exchange's own token, is used for intra-platform transactions. The Tokocrypto team plans to use the token in the future on #DeFi and #NFT platforms.