BTSE Aims to Raise Millions with Public Token Sale Next Week

BTSE, a crypto spot and futures exchange, is going to publically open its exchange token sale on March 5.

The exchange is going for the public sale after it completed a private sale round. Per the press release, investors, including FBG Capital, Lemniscap, CMS Holdings, Taureon Capital, GBCI Ventures, and BCB Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, participated in the private round.

The exchange will also list the token on its spot exchange within two hours of completion of the public sale.

BTSE’s exchange token sale will be issued on Blockstream’s Liquid Network, making it the first one on the hyped Bitcoin sidechain.

“We are excited to see token issuance on the Liquid Network taking off with BTSE launching their native exchange token on the platform,” Adam Back, CEO of Blockstream, said.

“For an exchange token, issuance on Liquid makes a lot of sense as Liquid’s fast transactions and inter-exchange settlement network provide the perfect environment for traders. The BTSE token can also be stored on Blockstream Green, giving users the additional option to store their tokens off-exchange if they want.”

Aiming to raise millions

The announcement also detailed that the British Virgin Islands-registered exchange will put one million tokens up for sale, and each will be valued at an initial price of $2. The maximum purchase cap of 25,000 tokens will also prevent the hoarding of the tokens.

The whitepaper also detailed that the initial private sale was for 50 million tokens, and the unsold tokens will be burned. BTSE did not disclose the amount it raised in the private sale.

Meanwhile, the exchange is also focusing on expanding its trading offerings. It recently upgraded its order book to combine all crypto assets, fiat currencies, and stablecoins orders, thus increasing market Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

The exchange also moved its base from Dubai to the British Virgin Islands, citing a lack of proper regulation in the middle eastern country.