Leading crypto platform CoinList is set to kick off the teleportDAO token (TST) sale starting April 12. Investors can seize this chance to be part of an intriguing blockchain initiative that strives to tackle interoperability problems within the digital asset sphere.
The sale will commence today at 1:00 (Beijing time) and conclude on April 19 at 17:00 UTC.
📣Special Announcement!
We’re excited to unveil the $TST Token Sale on @CoinList!
➡️Join us on our thrilling Bitcoin interoperability journey:
The core mission of TeleportDAO involves creating a highly secure Bitcoin compatibility system, bridging the gap between different Bitcoin networks.
— TeleportDAO (@Teleport_DAO) April 11, 2024
Key Details of Token Sales
In February 2022, the newly established blockchain project set aside 70 million TST tokens, which equate to 7% of its total token inventory, for sale. The value of each TST token is fixed at $0.075. Prospective buyers are required to spend a minimum of $100 and a maximum of $2000 during the event, using stablecoins like USDT and USDC as payment methods.
After making a purchase, you’ll gain access to 20% of your tokens right away, but the rest will be released in installments over a six-month period, starting 75 days after the purchase. The tokens are predicted to begin trading on exchanges around July 17, 2024.
The sale is open to everyone. However, due to regulatory hurdles, certain jurisdictions, such as the United States, Canada, China, and the Republic of Korea, have been banned from participating in the sales.
The money generated from the token event will be invested in enhancing the TeleportDAO platform and adding new business features. Our ultimate aim is to establish TeleportDAO as a major force in the blockchain industry, achieving this through expansion to various chains and ensuring safe, cross-chain transactions.
TeleportDAO to Solve Blockchain Interoperability Problems
TeleportDAO aspires to make a big impact in the world of blockchain by increasing its presence on numerous platforms and ensuring secure cross-communication between them.
This project solves compatibility problems between different blockchains by linking them together. As a result, developers can create apps that span multiple chains utilizing the project’s common bridge technology.
A Vancouver software company named Teleport Technologies set up the project. With their technology, developers can create apps that enable the effortless exchange of data and valuable items like virtual assets, NFTs, and digital trinkets among various blockchains.
TeleportDAO Secures $2.5 Million in Funding
In March 2023, TeleportDAO successfully secured $2.5 million in seed financing. This round was spearheaded by AppWorks and DefinanceX. Furthermore, Quantstamp, Coinlist, Candaq Fintech Group, SNZ Holding Limited, and Gate Labs also joined as investors in this funding round.
At the announcement, Teleport Technologies revealed their intention to allocate some of the raised funds towards creating new products and hiring more team members.
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2024-04-15 10:42