TrustToken Opens Next Round of Token Sale to CoinList Accredited Investors
TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens.
Registrations are now open for the next round of TrustToken’s token sale, available to CoinList investors. CoinList is the leading platform for token-based financial services, offering accredited investors vetted opportunities to support the blockchain industry’s leading projects. CoinList is highly selective; each offering goes through a rigorous diligence process before receiving approval to be available to CoinList investors.
TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. For example, gold to gold tokens or dollar to dollar tokens. Our first asset token is TrueUSD, a stablecoin that you can redeem 1-for-1 for U.S. dollars. With redeemability facilitating price stability, the token has surged in popularity with individual and institutional traders, reaching over $85 million in market cap in just 4 months of trading.
Accredited investors may register at CoinList.co through July 17th to participate in the TrustToken offering on CoinList, which opens on July 18th. The offering has a hard cap of $61 million USD allocated over three tranches priced at $0.12, $0.14, and $0.16 per TrustToken (TRU). Since this 435 million token offering is the first TrustToken accredited public sale, the structure consists of increasing-price tranches to allow for proper distribution of TRU tokens depending on purchaser demand. Any unsold TRU tokens will be sold in future rounds.
TrustToken CEO Danny An said: “Having CoinList offer our round to their investors means we can connect to sophisticated global traders and increase participation in the TrustToken platform. The funds raised in the CoinList round will enable us to build upon the success of the TrueUSD stablecoin and expand with the creation of tokens backed by Euro, Yen, and real-world assets.”
We are pleased to announce this news following other major developments for TrustToken, including our $20 million strategic round backed by a16z crypto, BlockTower Capital, Danhua Capital, GGV Capital, Jump Capital, and other leading investment firms.
To register for the next round of our token sale, please visit Coinlist.co between now and July 17th. The token sale will start accepting funds on July 18th and ends on August 5th.
