TronATM – ICO Detailed Information

The cryptocurrency space has grown massive in the last few years, with thousands upon thousands of coins and tokens being announced, imagined, developed, and launched. Now, most of those were launched during the hype days, or immediately after the hype days had ended. This was a period when investors were willing to invest in any project, hoping to see profits when its price surges post-launch.

While most of those thousands of projects are now dead due to being weak, scams or their developers simply giving up — there are still around 3,000 active coins and tokens at this time. One of the most popular among them — a rising star in its time — is TRON (TRX).

TRON is a coin developed on Ethereum's network by Justin Sun, a very talented young developer and entrepreneur who caught the attention of some big names in the financial industry. In the last two years alone, TRON launched its own blockchain, left Ethereum, started numerous projects, became one of the leading development platforms, used for developing dApps, smart contracts, and even new cryptos,

Its development has been progressing strongly ever since, but like all cryptocurrencies — TRON-based coins also suffer from the lack of mainstream adoption. This is something that many wish to change, and one team even started its own project dedicated to this goal. We are, of course, talking about TronATM.

About TronATM

TronATM is a project that aims to create the largest TRON network, one that would span around the world. The goal they plan to achieve is bringing thousands upon thousands of new users to the cryptocurrency space. In fact, the project is hoping to inspire interest in as many people as possible.

In the end, the project hopes to grow with the help of its community and create the TRON ATM network. Meanwhile, one of their biggest short-term goals is to proceed with the development of their custom TRON ATMs (Automated Teller Machines).

Once developed and launched, TRON ATMs will reward users for buying TRC20 tokens. The project plans to create around 5 billion tokens in total, which will serve to achieve different use cases. The project also wishes to be fully funded by the community, to which it will be able to give back by offering its tokens as rewards.

Furthermore, around 60% of their 5 billion tokens will be used for the project's token economy, 30% will be used for token development, and 10% will be used for marketing purposes. Of course, the project points out that these figures might change in the future, as per need. Once launched, however, TronATM tokens will bring a discount on transaction fees, provide users with the ability to vote (once the voting system is developed), and potentially more. First, however, the token sale needs to end.

TronATM ICO details

As mentioned before, TronATM needs to distribute its coins in order to be able to continue its development, and they started doing so almost a year ago. Their token sale started on November 19th, 2018, and it will end in around 13 days, on October 30th. The token in question is TRC10-type token, developed on TRON's network. It is known as TATM, and it currently has around 4,443 holders, according to recent data.

The token's ICO price is 1 TRX per 1 TATM, so we can say that it is pretty much the same as whatever TRON itself is priced at any given moment.

Unfortunately, not much is known about the token sale, and details such as soft or hard cap are not revealed.

Author: Ali Raza for Crypto-Rating.com