What is a token sale? Back to list

Member SinceJul 08, 2021

Posts 201


Nov 17, 2021 a 10:33
New projects are usually the focus of token sales, which are usually conducted regularly. In 2014, Ethereum held its token sale and was able to collect a decent amount equivalent to $18 million in USD. The coin cost $0, 3, and now it costs 3600USD. The well-known project Polkadot also held token sales in 2017, 2019, and 2020, bringing in a total of 248 million dollars. The Polkadot token was worth only 2.90USD in 2020, but today it is worth almost 34USD.

Member SinceJul 12, 2021

Posts 241


Nov 20, 2021 a 18:55
A token sale is a type of crowdfunding that uses crypto-currencies to raise funds, usually in exchange for crypto-currencies or crypto-tokens. It's a relatively new way to raise money for a project by creating a new digital coin and distributing it as a currency over the internet. Tokens might represent shares in the company, loyalty points, vouchers, or even the product itself.

Member SinceJul 12, 2021

Posts 239


Nov 25, 2021 a 16:50
Token sales use cryptocurrencies so as to raise funds. It is quite a modern way of raising funds and it has become quite popular in crowdfunding. Such tokens may take various forms such as vouchers and even shares as well as loyalty points.

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