We are thrilled to share some exciting news with our Tensereum community and supporters around the globe. Mark your calendars: the $TETH token sale is set to go live on Fjord Foundry on April 22, 2024, at 09:00 UTC. This event represents a significant step forward in our journey to integrate blockchain technology and AI, enhancing both fields with innovative solutions.

What You Need to Know About the $TETH Token Sale

A total of 15% of the $TETH tokens will be available for public sale and VCs. Before the mining starts on the Tensereum mainnet, $TETH will be accessible as an ERC20 token on the Ethereum blockchain. Additionally, a wrapped version (wTETH) will be available on other blockchain networks.

At the heart of Tensereum, we are building a true DAO (Decentralized Autonomous Organization). This ensures that all web3 users have equal access to our tokens at the outset. To embody this principle, we have chosen to conduct a Dutch auction of 30 million $TETH tokens, making the process transparent and fair for everyone involved.

The initial price of $TETH is set at ~0.167 USDC. Through this sale, we aim to raise 5 mln USDC. These funds will drive our development efforts according to the established roadmap and will help in the growth of our community. Additionally, a portion of these funds will be allocated to a liquidity pool on Uniswap to ensure ongoing liquidity support, with backing from experienced market makers to facilitate a the token liquidity after the primary token sale.

To safeguard our early supporters from potential sniping activities, we have implemented a temporary 5% tax on sales and purchases after the launch. This mechanism will be active only in the initial phases post-launch on Uniswap and solely within the innitially created pool. It's important to note that this tax is designed to decrease over time as the token's market activities stabilize, ensuring a fair trading environment.

The revenue collected from this tax will be strategically distributed between the Project Treasury and the token stakers. Staking will be available on our official website tensereum.com immediately after the token sale, providing a clear way for community members to benefit from their participation.

Purchasing $TETH is not just about participating in a token sale; it's about being part of a pioneering movement at the intersection of AI and blockchain. This token is geared towards future growth and increasing utility, promising an exciting horizon for all involved.

We invite you to join us in this groundbreaking venture. The token sale on April 22nd is not merely a launch; it's a leap towards creating a more interconnected and intelligent technological ecosystem. Be ready to take part and help shape the future of blockchain and AI.

For further details and to stay informed on the latest updates, join our community