“We’ve recently completed our private sale round thanks to the participation of investors such as FBG Capital, Lemniscap, CMS Holdings, Taureon Capital, GBCI Ventures and BCB Blockchain,” – Jonathan Leong, CEO of BTSE.
The BTSE token sale will take place on March 5th, and the asset is set to be listed on the exchange within two hours of sale completion. With an initial sale price of $2, users can purchase a minimum of one and a maximum of 25,000 tokens per verified account. A total of up to one million tokens will be available during the token sale.
Token Sale Specifics
- Total Token Supply: 200 million tokens, with 5 million tokens tradeable within the first six months after the token launch
- Public Sale Amount: up to 1 million tokens
- Issuing Platform: Liquid Network
- Public Sale: March 5th, 2020, 12 PM UTC
- Public Sale Initial Price: $2
- Maximum Purchase per Verified Account*: 25,000 tokens
*In order to qualify for the sale, you are required to complete your ID verification on the BTSE Exchange.
For further details, you can check out the BTSE White Paper.
Here’s how you’ll be able to use the BTSE token:
Save
With the BTSE token, you can save up to 60% on your trading fees depending on your token holdings and trading volume.
Earn
Increase your referral bonus up to 40% based on your token holdings.
Unlock bonuses during campaigns and contests.
Enjoy increased limits and rebates on selected services.
Spend
You will be able to use the BTSE token to purchase a variety of products and services within the BTSE ecosystem, such as
- Platform Services
- Advanced Trading Functions
- Listing Fees
- And more!
Trade
You can trade the BTSE token on BTSE’s spot market and use it as collateral and margin on all your trades.
The First Exchange Token on the Liquid Network
This launch is particularly exciting and groundbreaking for us because BTSE is the first exchange token running on Liquid, a Bitcoin sidechain-based settlement network for traders and exchanges. This gives BTSE inherent benefits:
Confidential Transactions
Liquid levels up your privacy by blinding transaction amounts and asset types.
Fast Transactions
Liquid blocks are produced every minute, and each transaction is finalized within about two minutes.
Inter-Exchange Settlement
Liquid’s inter-exchange settlement makes it easier and faster than ever to move funds between member exchanges.
“For an exchange token, issuance on Liquid makes a lot of sense as Liquid’s fast transactions and inter-exchange settlement network provide the perfect environment for traders. The BTSE token can also be stored on Blockstream Green, giving users the additional option to store their tokens off exchange if they want.” – Adam Back, CEO of Blockstream
You can find our White Paper and more information on the token over on our website.
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at feedback@btse.com or on Twitter @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
