BinoCoin Token Sale and Distribution
Ensuring the sustainability and growth of the BinoCoin ecosystem
Details of the token distribution for liquidity, investment and strategic partnerships:
- ICO Funding: 50% of the total token supply will be allocated for the ICO (Initial Coin Offering). These funds will be used for the development of the BinoMarket.io platform, marketing, and creating strategic partnerships
- Bounty and Team: 10% of tokens will be allocated for bounty programs and for the team. Part of the tokens will be distributed among users for participating in promotions, and the other part will be distributed among the founders and key employees of the company.
- Retained: 10% of the tokens will be held to ensure liquidity and future needs of the ecosystem. These tokens will remain locked for a certain time to ensure stability.
- Exchange: 5% of the tokens will be allocated for listing on cryptocurrency exchanges, which will provide liquidity and the ability to exchange tokens for other cryptocurrencies or fiat money.
What is BinoCoin?
An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies. It is often a form of crowdfunding, however a private ICO which does not seek public investment is also possible. In an ICO, a quantity of cryptocurrency is sold in the form of "tokens" ("coins") to speculators or investors, in exchange for legal tender or other (generally established and more stable) cryptocurrencies such as Bitcoin or Ethereum. The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches. An ICO can be a source of capital for startup companies. ICOs can allow startups to avoid regulations that prevent them from seeking investment directly from the public, and intermediaries such as venture capitalists, banks, and stock exchanges
