At the beginning of this week, the Bitnance token presale was under 66,500 tokens sold. The initial coin offering was beginning to trend upward, then two Ethereum (ETH) whales jumped in, buying thousands of tokens. Then the barnacle investors appeared to follow the smart money, buying heavily on the BNB-Chain in small increments. Now, the token presale has reached nearly 76,000 tokens sold in less than 5 days and with 2250 tokens sold daily on average — it may be a sell out.
With only 5.6-million tokens allocated for the presale, and a price increase every 72 hours, Bitnance (BTN) presales should continue soaring. Last week was over a +2000% increase in buyer activity. If this compounding in activities continues, this week could see daily sales over over 10,000 tokens on any given day.
Early Investors Get Lower Prices
In its opening round of the initial coin offering, this new digital store of value asset is priced at $0.357 (cents). The price will increase gradually every 3 days by 0.01% or 1% per month.
On December 1st, the ICO will close, ending the discounted token opportunity. Within 5 days it is expected to debut on crypto exchange(s).
The $BTN token will list for public trade at a price of $0.46 (cents).
A crypto product, that will use the $BTN as it’s native token, is expected to be developed as well after the presale allocation has been sold.
Token Presale Sellout Preeminent
If the Bitnance token pre-sales activity continues to rise by 2000% per week over the next 7 days, the project could see over 45,000 tokens moving daily by Saturday, September 7th.
However, with September usually being a bad week for trading markets, it will be a test for the ICO to reach such goals. If it does breakthrough to reach the milestone, investors can undoubtedly expect the full presales allocation of 5.6-million Bitnances (BTN) to be gone before the ICO deadline on December 1st.
See the latest activity totals on the official ICO website, Bitnance.net.