Published Saturday, 07/31/2021, 5:48 pm
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The cryptocoin SafeTitan (STTN) recently announced that it will postpone its ICO to Saturday, August 14, 2021. Originally slated for July, the highly anticipated coin cited security protocol upgrades on its official blog. According to the statement posted on the blog, the delay is in the long-term interests of the token and its buyers. In particular, they also mention the hiring of two senior developers to help prepare for the coin’s official pre-launch.
SafeTitan aims to provide simplicity and security in crypto trading while reducing the environmental impact of larger organized mining.
SafeTitan ($ STTN) was developed using BEP20 smart technology and is paired with Binance’s BNB token. This opens up purchase opportunities to a market of over 13.5 million active Binance users (in 2021) who will have access to them after the coin is publicly launched.
Users must register before August 9th to purchase STTN tokens. Selling is through their official website (SafeTitan.net/ico) which has an online app utility. This application guides users through a verified registration process before starting ICO. Purchase options will be available on August 14th.
Once the coin is publicly listed, Binance users will need PancakeSwap, the largest DeFi exchange (DEX) for the Binance smart chain network. First, the coin is traded on PancakeSwap to BEP20, from where it is sent to Binance to trade against other coins. More than 1 million crypto wallets with a volume of over 9 billion US dollars are registered with the exchange. PancakeSwap is the largest DEX in the Binance Smart Chain network.
‘The China Coin’ takes off
One of the company’s greatest strengths is its marketing team, which will be useful in attracting buyers and building a following. Efforts include distributing 500,000 STTNs to users performing “micro-tasks” such as social media follow. The company is also giving away their company’s NFT, never to be reproduced, to a lucky user.
There is also talk of a SafeTitan 100, a mysterious group of 100 powerful influencers who will market the coin. Apparently the selected influencers have a broad network of followers and will advertise STTN on various platforms. Social media selected include Reddit, Facebook, and WeChat, as well as multiple Chinese platforms, increasing the chances of the coin going viral.
The ICO also appeals to an international market because of its relatively low token fees on the DeFi exchange. With an initial coin offer price of $ 0.005, users must make a minimum purchase of tokens worth $ 10. The maximum is set at $ 1,000 to protect against crypto whales and users hogging all tokens. On the day of the ICO, 980,000,000 total offers are available for purchase.
SafeTitan announced via Twitter that recent registration and traffic activity indicates more than 67,000 potential registrants for the ICO. However, there will only be 10,000 spots for fully registered and verified users to make a purchase on August 14th. The tension surrounding the long-awaited coin could help catapult the China coin.
IDO vs. ICO: what’s the difference?
ICOs, or Initial Coin Offerings, are one way of selling crypto tokens prior to public listing. This gives early investors the opportunity to purchase up to a limited number of tokens and only a limited number of tokens are available during the ICO. The prices are usually cheaper and savvy investors buy what they are willing to spend to later resell at a higher price.
IDOs or Initial DEX (Decentralized Exchange) offers skip the pre-sale process and are listed immediately. Of course there is still a limit to how much people can buy, but it’s open to everyone. With an IDO, there is a third party platform that verifies the transactions, but the actual token sale is decentralized.
The START of a solution for 2021
The STARTER IDO will also be launched on August 2nd next month. Starter proposes a solution to the myriad of noise in the cryptocurrency world, with new tokens appearing all the time. Investors are faced with the problem of sifting through all new offers and have to decide which ones attract attention. Developers who want to start a new project are also faced with the problem of gaining investor support and liquidity.
To mitigate these issues, Starter offers a community of START token holders who review IDOs from various projects. Users can use their tokens to vote on which programs they want to start on the platform. This gives users a chance to review the various IDOs and vote on the ones they think are the best. After that, they can take part in the pre-sale of each project and earn BNB at the same time.
Above all, the platform started the IDO from MONSTA on its platform, which rose to 4th place on its IDO Moonsheet. Cryptocurrency investors can currently buy START on QuickSwap or PolygonScan. The goal for this round is $ 100,000 and ends on August 3, 2021.
Bitcoin is making a comeback
Bitcoin prices rose more than 8% to $ 39,937 on July 28, according to CoinDesk reports. In recent months, the iconic cryptocurrency has been on the rise after speculation that Amazon might join the cryptosphere. Similar comments from Tesla CEO Elon Musk also contributed to the earnings.
This is a welcome comeback for Bitcoin investors since the price drop in May following reports on the coin’s environmental impact. Similarly, China has shown an increasingly strong stance towards the cryptocurrency. In May of this year, China banned all institutions and companies from offering crypto services. Suspected crypto users were arrested and companies were suspended from handling crypto.
But according to Coinbase, the effects weren’t as bad as previously thought. Data from the 20 largest exchanges worldwide shows a 489% increase in Bitcoin trading volume from last year. While other coins like ether had a much larger profit, that consistency is good for Bitcoin as it continues to grow.