Spotcoin, an over the counter clearing house for cryptocurrencies, has announced its pre-token sale for May 1st. Contributors will be rewarded with a 20 percent discount on purchases of above 2,500 SPOT, which is worth USD $1,000.
The pre-token sale has no lock up period and will be capped at USD $1 million with tokens priced at USD $0.40. The pre-sale will stay open until May 7th and Spotcoin claims it expects to fully sell out during the pre-sale. The maximum individual contribution is USD $25,000. Larger contributions can be made during Spotcoin’s private sale, where tokens are priced at USD $0.33.
Spotcoin explained that the decision to offer a pre-token sale was because the threshold of a private sale was “too high” for its contributors, and that Spotcoin intends on a “strong, sustainable scaling period backed by an outstanding and wide-ranging community”.
To participate in the pre-token sale, contributors can sign up here and head to the Spotcoin dashboard. Registrations should be made after 6pm (GMT +4:00) on May 1st. Spotcoin will make the first announcement of its upcoming public sale date and provide updates on its pre-token sale results though its Telegram group.
More information on Spotcoin can be found on the links below.
About The Author: Matthew North
Matthew North is a freelance writer and journalist who resides in East Asia. He spends his time writing and learning about financial technologies like the Blockchain and digital currencies. You can follow him on twitter @fintech_matthew.
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