As per the announcement, all buyers who wish to participate in the IDO need to stake enough BSCPAD tokens to reach their desired tier. The buyer will also need to register on the whitelist and pass the Know Your Customer (KYC) verification processes.
Shivam Tandon, founder, and CEO TeraBlock, explained:
“We’re excited to be running the IDO to distribute our tokens to as many users as possible and grow the TeraBlock community. We think most crypto investors will find something to their liking on our platform — From newcomers who want to diversify their risk to experienced traders who lacked the tools to create their own automated portfolios.”
The staking eligibility window will be opened until 5 AM UTC on May 11. Notably, an allocation-based round will be executed at 8 AM UTC. Another additional round is set to run at 1 PM UTC. This round will be executed on a first-come, first-serve basis. After the final round, TeraBlock’s native token, the TBC token, will be listed on Uniswap and PancakeSwap. The project has set $ 2,540.000 for its strategic and private token sales while $400000 for the public token sale.
TeraBlock seeks to become one of the most user-friendly and comprehensive exchanges suitable for beginners and expert crypto users. When launched, TeraBlock hopes to come to a one-stop solution providing automated and AI-powered features, liquidity, and tokens selection, among other services.
“We started TeraBlock in the wake of crypto-assets evolution, to be the simplest machine learning-based trading platform to help people make the most out of trading crypto-assets.”
The platform will feature four predefined indices based on total market cap, statistical data, and asset performance. Users will have the option of creating their index and choosing $USD or BTC maximization. Users will also be able to purchase crypto through the TeraBlock exchange with any debit or credit card.
According to the website, the TeraBlock ecosystem will be powered by Binance Cloud, allowing the platform to access Binance’s superior security, Liquidity solutions, and technology.
TeraBlock has already attacked many from the crypto community. The project saw the participation of various investors during its funding round raised $2.4 million. Some of its notable investors included OroPocket, Blocksync Ventures, X21, aster Ventures, Shima Capital, CryptoDormFund, Magnus Capital, Master Ventures, GenBlock Capital, and AU21.