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BTSE Token Sale Specifics


With the BTSE token sale just around the corner, here you can find more details on the specifics surrounding the token and the public sale.


Token Sale Basics


Date

March 5th 2020


Kick-Off Time

12:00 UTC


Tokens Available During the Sale

1 million


Initial Price

$2.00 USD


Duration

Until the available amount has been bought up


Maximum Purchase per Account

50,000 tokens


Requirements to Qualify for the Sale

Identity verification

You will be able to purchase tokens without completing identity verification. Your tokens will then remain locked until you complete the identity verification process.


Token Ticker

BTSE



Sale Mechanics

The public sale will take place open order book-style. That means you will be buying through the actual BTSE token spot trading interface. Tokens will be available for purchase with fiat, stablecoins, BTC, LTC, XMR, and ETH.


You will not be able to place sell orders during the public sale. You will only be able to submit limit and market buy orders. Once the sale has concluded, the market will enter a two-hour window before trading fully opens. Any unsold tokens will be burned.


During the two-hour window, bids and asks will be allowed, however, no matching will take place. At the end of the two-hour window, matching will be activated, and the market will operate normally.



Discounts

You will be able to pick different discount options during the token sale. Depending on which option you choose, there will or will not be a specific lock-up period applied to your tokens.


40% discount 6-month lock-up

20% discount 3-month lock-up

0% discount no lock-up


If you pick an option that includes a lock-up, you will be asked to pay the full amount first; the discounted amount will then be refunded to your account automatically. Your locked tokens will move to the BTSE Benefits wallet, where they will vest automatically. You will be entitled to BTSE Benefits even while your tokens are locked.



Supply Information


Total Supply

200 million tokens


Current Round

50 million tokens


Of Which Sold

16.2 million tokens


Of Which To Be Burnt

33.8 million tokens


Circulating Supply

Up to 5 million tokens for the first 6 months after the token launch


Tokens Available During the Sale

1 million tokens (part of the 5 million circulating supply)



The circulating 5 million tokens are part of the initial supply of 16.2 million tokens sold; the remainder will unlock in various tranches over the following 18 months.


We estimate that from the first day post-launch, approximately 700,000 tokens will be available for trading. The majority of the 5 million tokens will remain locked and vest at months 1, 3, and 6. The remaining 11.2 million tokens of the current round will vest at months 6, 9, 12, 15, and 18.


The remaining 150 million tokens will begin to unlock in various tranches linearly, starting 18 months after the token launch over 5.5 years. At month 15, BTSE will review the options of burning or conducting an additional raise and proceed in the best interest of all BTSE token holders.


BTSE is committed to reducing the total token supply from 200 million to 100 million tokens.



To find out more about the token,

Visit the BTSE Token Info Page



Our aim is to create a platform that offers you the most enjoyable trading experience. If you have questions or suggestions, please don’t hesitate to reach out to us at feedback@btse.com or DM us on Twitter: @BTSEcom.