Phemex Blog
Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.
Announcements
  1. Home
  2. Announcements
  3. News
  4. TokenBot (TKB) Sale on the Phemex Launchpad
All combobox arrow

TokenBot (TKB) Sale on the Phemex Launchpad

Author: Alan W.

Dear users,

There’s another hot new project that will be taking off on the Phemex Launchpad! This time, the featured project is the innovative TokenBot platform and its native TKB token. You must be a Phemex user to participate, so if you aren’t yet then make sure to register for a Phemex account. The token sale for TKB will adhere to the standard Launchpad subscription format and we’ll start recording user USDT balances starting at 5:01 UTC on August 3, 2022 using the calculation method found here.

Phemex will record user USDT balances for 4 days from 5:01 UTC on August 3 to 5:01 UTC on August 7, 2022. The final USDT holding amount for each user will be set as the average across these 4 days.

TKB Token Sale Details

  • Token Name: TKB
  • Type: Subscription
  • Sale Price: 1 TKB = 0.005 USDT
  • Tokens Offered: 5,000,000  TKB
  • Single Initial Investment: 10 USDT
  • Total Token Supply: 1,000,000,000 TKB
  • Initial Circulating Supply: 3.01% of Total Token Supply
  • Hard Cap Per User: 10,000 TKB (50 USDT)
  • Token Sale Vesting Period: No lockup
  • Token Type: Ethereum

Subscription Timeline

  • USDT Holding Calculation Period – 5:01 UTC on August 3 to 5:01 UTC on August 7, 2022
    • During this period, user USDT balances will be calculated in daily snapshots for each day over a 4-day period. Your final average daily USDT balance over these 4 days will determine the maximum amount of USDT that you can commit later.
  • Subscription Period – 5:01 UTC on August 7 to 5:01 UTC on August 8, 2022
    • Subscription will open at this time for all eligible users for a 24-hour period. Please note that once committed, your USDT will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
  • Allocation Period – 5:01 UTC to 7:01 UTC on August 8, 2022
    • Subscription closes and token allocation calculation begins.
  • Distribution Period – 7:01 UTC to 11:01 UTC on August 8, 2022
    • Your final token allocation will be calculated and the corresponding USDT will be deducted from your already-locked USDT amount. Once deducted, your TKB and USDT tokens will both be transferred to your spot wallet.

About TokenBot

TokenBot® is a tokenized private cross-exchange liquidity trading network that connects algorithmic investment strategies to all participating exchanges available on the network.

Further Information on TokenBot:

Reminder: Users must complete KYC account verification to participate in this token sale, and must also be from an eligible region.

*Users from the following countries or regions will not be able to participate in token sales on the Phemex Launchpad: American Samoa, Belarus, China, Cuba, Democratic Republic of the Congo, Guam, Iran, Iraq, Northern Mariana Islands, North Korea, Puerto Rico, South Sudan, Sudan, Syria, United States of America (USA), United States Virgin Islands, Zimbabwe

Disclaimer: Cryptocurrency trading is subject to high market risk. Please do your own research prior to investing and note that Phemex is not responsible for trading losses.


For any inquiries contact us at support@phemex.zendesk.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free

Related Articles

Was this article helpful?