Coin Announces November Liquidity Token Offering On The TrustSwap Launchpad
Coin, a US-based FinTech startup founded by Microsoft alumni, who is launching their premier product, the Coin Exchange, has announced today that they will work with TrustSwap to aid in the execution of their liquidity token offering on November 19th, 2020 at 9:00 AM PST.
The countdown has begun! Click HERE to check the clock in real-time.
Coin XYZ, Inc. develops blockchain solutions that empower the world to execute secure financial transactions with freedom and simplicity. Coin is led by a team of Microsoft veterans and prominent advisors including Alex Mashinsky, founder of Celsius Network; Christina Apatow, founder of FetchyFox; Jeremy Gardner, founder of Augur; as well as Pete Cashmore, founder of Mashable. For more information about Coin, please visit https://coindefi.org.
Following the rise of interest in open systems and decentralized finance (DeFi), Coin is aligning to meet this demand by consolidating their existing technology and platforms. This includes development and deployment of their new Coin network inclusive of the Coin Exchange.
The Coin Exchange
The Coin Exchange is a P2P Decentralized Exchange built with Atomic Swap and Artificial Intelligence technology and intended to bridge the gap between cryptocurrency exchanges and wallets by providing mainstream consumers and crypto enthusiasts with the easiest and most secure way to manage their digital assets.
Coin Exchange is an all-in-one cross-chain P2P decentralized cryptocurrency wallet, exchange, and assistant powered by atomic swaps and artificial intelligence (AI) technology. It includes an integrated cryptocurrency wallet for users to store popular digital assets such as Bitcoin, Ethereum, ERC20 supported tokens, and more. For exchanging assets, Coin Exchange leverages atomic swap technology using Hash Time Lock contracts to manage direct peer-to-peer trustless transactions. Through the use of emerging technology, these timed contracts mimic and replace the need for custodians, middlemen, and escrow agents. The focus of this technology is to ensure the most secure method of transferring value. As transactions are direct between users (P2P) on the blockchain, with no personal data (and no funds) are stored anywhere. This makes Coin Exchange highly secure as users are the only custodians that have access to their funds.
The Coin Exchange Decentralized platform also includes browser extension support for the Internet’s most popular web browsers such as Google Chrome and Safari. When installed, the browser extension offers the capability of using AI technology to execute transactions faster and provide insights to help users save time and money. Similar to Grammarly’s grammar recognition, Coin Exchange includes an assistant that can recognize blockchain-related keywords from any webpage. This allows Coin to provide education, pricing information, or help consumers execute financial transactions directly from any webpage with an input field. For example, users can send, receive and exchange transactions in a guided process or simply by typing text commands such as “Send $50 Bitcoin to @cryptojane” in any input field on the Internet. What is currently considered a complex task that requires navigating to a company website, can now be completed in a matter of seconds while browsing the web.
“By leveraging emerging technology, we are placing the power back into the hands of the people, and empowering consumers to manage their wealth with an innovative digital assets experience that is simple, secure, and personalized,” says Damon Nam, founder and CEO at Coin.
Coin Liquidity Token Offering Execution
Coin Token Offering will be executed by leveraging the TrustSwap Launchpad. Immediately upon the conclusion of the offering, a Uniswap pool will be created, and exchanging can commence for use of $COIN™ in the Coin network. Alongside the offering, the Coin Exchange will be deployed to MainNet for public release and consumption. This includes market pairs for exchanging $COIN™, and the deployment of the $COIN™ staking and governance smart contracts. The results of this strategy will unlock liquidity for the $COIN™ token, enabling more access for users to acquire the token for use in the Coin network.
TrustSwap is a company whose ideals run parallel to Coin’s. Over the past four years, their well-known founding team members have all owned and operated companies, including other token networks, advisory companies, and blockchain development firms in the cryptocurrency space. Their financial applications never compromise on security and are arguably the safest option for companies and users to participate in Decentralized Finance. TrustSwap technology utilizes simple and secure peer-to-peer transactions, via TrustSwap SmartLaunch™, which ensures that Coin and its participants can transact securely and without the fear of participants or team members negatively impacting the markets following the public offering. TrustSwap’s Time-based SmartLock™ ensures a methodical distribution to mitigate the risk of unauthorized token transfers.
Coin will use TrustSwap for:
- Team token vesting
- Token holder vesting
- Liquidity locks
1.5% of COINS total supply will be airdropped to SWAP holders with a DASH Score (Daily Average Swap Held) over 2000, and 0.5% will go to the TrustSwap Foundation Fund. For more information on the TrustSwap DASH score, click here.
Token Allocations and Offering Details
- Total Supply (after token sale): 100,000,000 COIN
- Hardcap: $2.4M
- Funds used for Liquidity: $1,080,000
- $COIN Token offering Price: $0.10 per Coin
- Tokens are vested for one month and unlock at 25% per week
- Initial Marketcap: $4.4M
- Anyone is eligible to participate in the COIN token offering, granted they meet jurisdictional restrictions detailed below. If the COIN token offering becomes over-subscribed through raising over $2.4M, anyone holding (or staking) over 2,000 SWAP will be given priority entry and will be eligible for double the individual max-cap allocation.
- On Thursday, November 19th, at 9:00 AM PST, head to https://launchpad.trustswap.org/.
- Go through the steps listed, and upload your documents.
- After twelve hours, the portal will close. There will be a waiting period of up to 48 hours as the Coin team finalizes internal processes. If your application is successful, you will receive an email indicating how much you are able to contribute to the token offering. You will have 24 hours to send the funds, or your position will be given to the next in line.
What Should I Do to Prepare for the Offering?
Coin has prepared a comprehensive guide to help all potential participants and interested parties here: http://bit.ly/coinofferingguide
Where Can I Learn More About the Offering?
- Official Website: http://coindefi.org
- Beta Invitation Link: http://bit.ly/coinbetarequest
- Coin Offering Deck: http://bit.ly/coinpitchdeck
- Coin Offering Guide: http://bit.ly/coinofferingguide
- Coin Whitepaper: http://bit.ly/coinwhitepaper
- Coin Tokenomics: http://bit.ly/cointokenomics
Who Can Participate?
Eligible countries include:
Albania, Angola, Anguilla, Anguilla, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Bermuda, Bosnia and Herzegovina, Brazil, British Virgin Islands, Brunei, Bulgaria, Cambodia, Canada, Cayman Islands, Chile, China, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominica, Dominican Republic, Ecuador, El Salvador, Estonia, Finland, France, Georgia, Germany, Ghana, Gibraltar, Greece, Grenada, Grenada, Grenadines, Guatemala, Guernsey, Honduras, Hong Kong, Hungary, Iceland, India, India, Indonesia, Iran, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lesotho, Liechtenstein, Lithuania, Luxembourg, Macau, Malaysia, Malta, Marshall Islands, Mauritius, Mexico, Moldova, Montenegro, Montserrat, Montserrat, Mozambique, Namibia, Nevis, New Zealand, Nicaragua, Nigeria, Norway, Oman, Pakistan, Paraguay, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saint Kitts, Saint Kitts and Nevis, Saint Lucia, Saint Lucia, Saint Vincent, Samoa, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Thailand, The Bahamas, the Commonwealth of Dominica, The Netherlands, Trinidad and Tobago, Turkey, Uganda, Ukraine, United Kingdom, Uzbekistan, Vanuatu, Vietnam, Zambia, Zimbabwe
*The eligible countries list is selected by Coin. If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.
** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. Coin is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.