Anticipate the Lotucoin (LOT) ICO
To the amazing Lotucrypto community 😊, thank you for making the Lotucoin pre-sale a success, 100,000 LOT sold before we could say Jack Robinson. Now that’s something incredible, but that’s just the beginning of our success story, you asked for it, and now it is finally here, we are pleased to announce to you that Lotucrypto will be hosting an ICO for Lotucoin, starting on the 30th of April at 12:00pm UTC.
So What Exactly is an ICO?
Yayy!!! That’s cool, but wait! What exactly is an ICO???
To some of you the term ICO is not new, and to others it may seem like Greek, so regardless of where you fall under, let’s go together. ICO is an acronym for Initial Coin Offering.
An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO). A company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds.
Interested investors can buy into the offering and receive a new cryptocurrency token issued by the company. This token may have some utility in using the product or service the company is offering, or it may just represent a stake in the company or project.
In simpler terms, it means a group of people(investors) crowdfunding a project(Lotucoin) to aid it achieve a goal, and receive a token in return(LOT), which increases in value as the project gets more successful.
Details
The ICO will Kickstart on Friday the 30th of April at 12:00 pm UTC, and end when all tokens are sold, or minimum sale amount is reached.
Total Lotucoin to be sold during ICO is 2.5M LOT, (Yea, we know you want more, but please bear with us).
Payment options are cryptos (BNB, ETH, BTC) and fiat (USD, NGN).
Minimum LOT purchase is 100 LOT.
We know some of our amazing community members would want to buy it all, but we got to look out for ourselves, reason why we have set up a maximum LOT purchase of 500,000 LOT.
And yes, for the early birds, LOT will sell at 5200 LOT to 1 BNB within the first 24 hrs, so set your timers, and get ready for the Lotu-rush.
Guidelines
More details and guidelines on how to buy Lotucoin during the ICO will be communicated, with you, our amazing community members. As you await, don’t forget to join the Lotu community on:
Telegram @ https://t.me/joinchat/C2t9CgiRw6kyMmY0
Twitter @ https://twitter.com/lotucrypto?s=20
Instagram @ https://www.instagram.com/lotucrypto/
