Sipher shall soon be conducting the public token sale of the 40 million $SIPHER tokens with a plan to raise around $15 million.
Sipher, the upcoming Sci-Fi fantasy epic RPG is gearing up for its much anticipated public token sale. Starting Monday, December 6, supporters of this cause can start purchasing the native $SIPHER tokens through its official website.
The token launch will last for three long days or we can say 72 hours. This will also be the first chance for enthusiasts to get their hands on the $SIPHER tokens. Currently, 40 million $SIPHER tokens will be up for grabs. However, it is only 4% of the total coin supply of 1 billion. Each of these $SIPHER tokens is currently available just for an initial price of $0.36. “That would be a 14.4mln market cap and 360mln fully diluted market cap,” it added.
Trading for $SIPHER Tokens
Trading for the Sipher token will be available on the world’s largest decentralized exchange (DEX) Uniswap shortly after the public token sale is completed on December 9. However, the team behind Sipher is also in talks with some of the top-tier centralized exchanges including Binance, FTX, OKEx, Huobi, etc.
Besides, going ahead, Sipher is also planning to open its own staking pools with the $SIPHER/$ETH liquidity provision. “We plan to open our staking pool and liquidity provision staking incentives pool shortly after the token launch,” it stated.
To participate in this token sale, users can use the Trezor hardware wallet, WalletConnect, and other popular wallets like MetaMask.
Interestingly, this massive offering for $SIPHER comes in the form of bot-resistant hardware along with having a system in place for fair distribution. Besides, the Sipher team has also asked investors to be cautious by unearthing several bogus Discord and Telegram channels. Thus, the interested parties must access the Sipher ecosystem only through the official website.
Additionally, Sipher is preparing for a retroactive airdrop in place. This is designed to reward the early adopters of the game. Thus, holders of the Sipher Genesis NFTs will receive an additional bonus for the same. The official announcement notes:
“To promote a fair system that rewards those Genesis Sipher NFT holders that have been with us longer or since the beginning, the team has decided to airdrop based on tenure. This means that if you held a Genesis Sipher NFT longer, you will be able to claim more $SIPHER tokens. Conversely, if you held a Genesis Sipher NFT for less amount of time, you will receive less tokens.”
Read other crypto news on Coinspeaker.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.