PRESS RELEASE. The Taraxa Foundation, a nonprofit that oversees research and development of the Taraxa project, announced a public sale that began March 4 at 6:00 p.m. PST. The token sale follows the launch of Taraxa’s public test net and the release of a flagship application, with the primary purpose of distributing TARA tokens to community members and funding ongoing technology and community development. Participants must provide documentation and verify their eligibility to participate. The offer is not being made within the United States or to any US person (as defined in US federal securities laws).

TARA token purchase options and allocation

The token sale will take place from March 4 to March 15, with pre-registration starting March 4 at 6:00 PM PST. This is the first public sale held by the company after the 2018 private rounds led by Fenbushi Capital (an early investor in Ethereum), KuCoin and LongHash Ventures. The sale allows investors to purchase TARA tokens, with a price ranging from $ 0.008 to $ 0.012 with different locking periods. All options are offered at the same time and participants can purchase any combination of the options. The minimum check size for all options is $ 1,000. All unsold tokens will be reassigned to community and ecosystem development.

How to participate

The latest information can be found on Taraxa’s token sale information page. Taraxa is cooperating on a technical level Tokensoft, the same Silicon Valley platform that helped The Graph, Avalanche, and Findora launch their token. Registrants must go through a KYC process in accordance with the relevant regulations and rulings.

A blockchain ledger built specifically for audit registration

Taraxa is a public ledger platform purpose-built for data via audit logging to track informal transaction agreements started in Mountain View, CA in 2018, by two Stanford graduates, Steven Pu and Justin Snapp Taraxa’s Protocol features a host of innovations such as extremely high logic processing throughput, low recording latency, and low rounding without sacrificing security or decentralization. The core team is from Stanford, Princeton, Berkeley and Brown, balancing technical and business backgrounds from Qualcomm, EMC, Cadence and Monitor Deloitte.

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