BTSE: token sale sold out in 4 hours
BTSE: token sale sold out in 4 hours
Crypto

BTSE: token sale sold out in 4 hours

By Amelia Tomasicchio - 6 Mar 2020

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Yesterday, Thursday, March 5th, the token sale of the BTSE exchange, whose token is based on the Liquid Network, the sidechain developed by Blockstream, kicked off and sold out in 4 hours.

In 4 hours, 1 million BTSE tokens were sold out for $2 each. The token sale was announced last December and the promise was that the token would be listed on the same exchange within 2 hours of the end of the token sale, which indeed occurred about 18 hours ago.

The maximum amount that could be purchased during the token sale was 25,000 units per verified account.

The token allows saving 60% on the exchange fees, buying services or participating in trading contests and campaigns to get bonuses.

The BTSE exchange supports 10 fiat currencies and 7 cryptocurrencies, resulting in reduced trading fees, discounts for certain services, a higher benchmark bonus, access to special programs and campaigns, the ability to participate in staking programs and payment for additional services within the BTSE ecosystem.

According to CoinMarketCap‘s website, the BTSE exchange is at 79th place in terms of declared volumes.

According to today’s press release, prior to this token, the capacity of Liquid was 900 BTC, but now this number is expected to grow significantly in the near future, although it has not been clarified how or in what quantity.

The latest news on Liquid Network

Recently also TRON had announced that it will soon land on the Liquid Network, following a Twitter post from Adam Back in early February in which he endorsed Justin Sun and the TRX blockchain.

It seems that Liquid Network is continuing to expand its token offering after it started supporting Bitfinex‘s stablecoin Tether (USDT) this summer.

 

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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