In this article we will discus the benefits of owning #BTSEToken and some specifications
First if you want to learn more about BTSE Exchange you can check my previous article : BTSE Exchange and BTSE Token launc on Liquid Network.
So let’s move on into the subject and discuss about #BTSEToken:
Specifications :
Token Ticker: BTSE
Date for sale: 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 initially completing identity verification but tokens will then remain locked until you complete the identity verification process.
Sale Mechanics
How the sale will actually work ?
Public sale will take place on open order book-style. This means you will be buying through the actual BTSE token spot trading interface.
With what assets can you buy #BTSEToken ?
You can buy with FIAT , STABLECOINS , BTC , LTC , XMR , 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
What discounts can you get during publicsale ?
You will be able to pick different discount options. 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
Locking your #BTSEToken for 6 months will get you a 40% discount: - 20% discount → 3-month lock-up
Locking your #BTSEToken for 3 months will get you a 20% discount: - 0% discount → no lock-up
If you choose to don’t lock-up your #BTSETokens you will get no discount
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 5 March Public 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 in late 2019; the reminder will unlock in various tranches over the following 18 months.
BTSE estimates 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.
BENEFITS OF OWNING #BTSEToken
There will be a LOT OF BENEFITS if you will get #BTSETOKEN
Fee discounts:
Hold #BTSEToken in your wallet and you can save , depending on your trading volume from 24% up to 60%.
Below you can also see the difference beetween discounts if you HOLD / DON’T HOLD #BTSEToken into your wallet
Earn
There will be several earning methods which will be available only for #BTSEToken holders:
Increase your referral bonus up to 40%.
Earn bonuses in campaigns and contests.
Enjoy increased limits and rebates.
Participate in BTSE’s asset management.
Spend
You can purchase products and services with your BTSE tokens on:
Platform Services
Advanced Trading Functions
Listing Fees
Trade
Trading will be available for token on BTSE spot market and also you can use your #BTSEToken to use as margin collateral for your futures trades
Other benefits
Get Interest when you hold BTSEToken
Holders of BTSE tokens can optionally elect to deposit their tokens into an interest bearing account and receive interest payments on their tokens directly from BTSE. The revenue for these interest payments is derived from trading fees generated from BTSE’s insurance fund.
Debit Card Benefits
Traders that utilize BTSE virtual banking services can increase their transaction, ATM withdrawal and deposit thresholds based on the value of their BTSE token holdings.
Token Listings
Companies or projects that list their token on BTSE will be required to pay a token listing fee. These token listing fees will be paid for exclusively with BTSE Tokens.
Traders on BTSE that are interested in purchasing tokens through an offering can use their BTSE Tokens to purchase the token being offered.
Token listings will trade using our multi-currency orderbook system, allowing potential investors to purchase tokens using any combination of fiat and crypto asset, producing deeper liquidity that will attract more token listings
VIP Tiered Discounts
Traders holding certain amounts of BTSE tokens will automatically be placed into a corresponding VIP fee-tier :
OVERALL
If you are an active trader already on BTSE Exchange or a new user who want to use BTSE Exchange in future, then you will definitely want to hold some #BTSETokens into your account for numerous benefits,savings and discounts that this token will bring to your trading account.
