TimeCoin protocol, a leading decentralized sharing economy network, has announced a special token sale to support Defi and NFT on its ecosystem. According to the company, 10,000,000 TMCN tokens will be sold at a 90% discount from the current market value.
Notably, there are 100,000,000 TMCN tokens in existence, thereby making the special sale only 10% of the total supply.
Already listed on BitFrorex, BiKi, and BitMart crypto exchanges, the company is focused to list TMCN coin on leading exchanges including Binance by the end of this year.
As of reporting time, the TimeCoin project has raised over $7 million from crypto and equity investors. An indication the decentralized sharing economy is booming at a notable rate. Moreover, the global economy is shifting towards technology-oriented growth and so is the sharing economy dependency on a reliable tech infrastructure.
Notably, TimeCoin is currently focused on a Gig Economy application dubbed TimeTicket. Additionally, the company is working on Creator Economy applications including GameTomodachi, eSportStars, and VTuber Production, NeoRad.
With the help of blockchain technology and the crypto market, TimeCoin aims to be a leader in the sharing economy away from centralized platforms that have dominated the market over the past two decades.
“We want to create a place where professional players, creators, and fans can easily earn money which also helps them to better engage with their fans. To extend the GameTomodachi and eSportStars service, we want to offer esports gambling as well. We offer eSports mining for participants to earn TimeCoin. The more TimeCoin participants own, the better service they can get,” noted TimeTicket GmbH CEO, Masato Kakamu, during a recent AMA.
With the new funds raised from the special TMCN token sale, TimeCoin anticipates further fund its NFT and Defi development besides marketing services.
While the special token sale goes on, TimeCoin also provides its token holders with a staking program to earn extra tokens over time. “Fans can increase their TimeCoin holding by 12% after 6 months of staking and 24% after 12 months of staking. The increased portion will be split 50/50 between the fans and the creators. In return for sponsoring, creators will provide memberships with exclusive services, NFT digital items, services, and discount coupons,” the company explained through a press release.
TMCN token buyers are highly advised to use a secure wallet like MetaMask instead of an exchange wallet.