The TRON Foundation raised roughly $70 million – or 15,200 BTC – in the TRX token sale. How much money was raised during the TRON ICO campaign?
The TRON token sale started on August 31, 2017, and ended on September 2, 2017. When did the TRON ICO start? How long did it last? Public investors were able to acquire tokens at a TRON coin’s ICO price of 0.00000038 BTC. TRON’s ICO price was roughly $0.0019 per token. TRON is a decentralized blockchain network featuring smart contracts, decentralized stablecoins, non-fungible tokens (NFTs), sidechains, and cross-chain support.At the time of the sale, TRX’s ICO price was roughly $0.0019 per token.TRX coins were initially distributed as ERC-20 tokens on Ethereum but were later migrated to the TRON blockchain at a 1:1 ratio after the mainnet launch in 2018.40 billion TRX tokens were sold in the ICO at the TRX coin ICO price of 0.00000038 BTC.In the three-day-long token sale, the TRON Foundation raised $70 million worth of Bitcoin.TRON’s initial coin offering took place between August 31, 2017, and September 2, 2017.Key dates, project details, and price data pertaining to the TRON ICO: Given Bitcoin’s historical price data, the project raised roughly $70 million in the TRON token sale. The TRON Foundation raised 15,200 BTC in the sale of TRX tokens at an initial token sale price of 0.00000038 BTC. The remaining 60% of the token supply was distributed to private investors and the project’s founders. Out of the initial token supply of 100 billion TRX, 40 billion was allocated for the public token sale. Currently, more than $4.3 million has been raised from the presale.The TRON network launched in 2018, after an initial coin offering (ICO) that concluded in September 2017. The price of each TAMA token during the presale is currently set at 66.67 USDC. The third phase of the presale is nearing completion. The later presale rounds could see TAMA making notable gains as the demand for the token continues to grow. The Tamadoge presale is now live, and it is being conducted in multiple stages. A radical fundamental event can forcefully bring about a significant rally in the market. In case more sellers come in this week there is a probability that the price will experience downtrend movement towards the support level of $0.063 as the relative strength index Period 14 is at 27, with the signal lines directed towards the south. The price penetrates $0.066 and tests the $0.064 level. The sellers exerted more pressure and the support level of $0.069 was broken downside. It was ranging within $0.070 and $0 069 levels. The coin was on the ranging movement last week. TRX/USD Price Medium-term Trend: Bearish, Tamadoge Targeting Higher Level There is probability that the price might go down within the next several trading days, by making a break down towards the south, as the relative strength index Period 14 on the daily chart is at the level of 35 with the signal lines pointing towards the south, indicating that there could be a further bearish movement.
Should bears increase their pressure, the support level of $0.064 may not hold and it may be exposed to another support levels of $0.063 and $0.061. There is a possibility for the coin to move down and test the support level of $0.063 next week. The price is below 10-day EMA and 50-day EMA. Some bearish candles were formed which further reduces the price this week. The price fell due to the bearish pressure towards the support level of $0.066. The buyers of TRX/USD were unable to push the price higher far above the resistance level of $0.070. Should bears increase their pressure, the support level of $0.064 may not hold and it may be exposed to another support levels of $0.063 and $0.061 in Tron market. Join Our Telegram channel to stay up to date on breaking news coverage Tron is decreasing as more sellers join market
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