PRESS RELEASE. The Taraxa Foundation, a non-profit body supervising research and development of the Taraxa project, announced a public sale kicking off on March 4 at 6 PM PST. The token sale follows the launch of Taraxa’s public testnet and the release of a flagship application, with the main purpose of distributing TARA tokens to community members and funding ongoing technology and community development. Participants will be required to provide documentation and verify their eligibility in order to participate. The offer is not being made within the United States or to any U.S. persons (as defined under U.S. federal securities laws).
TARA token purchasing options and allocation
The token sale will take place from March 4 till March 15, with pre-registration starting at 6 PM PST on March 4. This is the first public sale held by the company after the 2018 private rounds led by Fenbushi Capital (an early investor in Ethereum), KuCoin, and LongHash Ventures. Through the sale, investors will be able to purchase TARA tokens, with the price ranging from $0.008 to $0.012 with different locking periods. All options will be offered simultaneously, and participants will be able to purchase any combination of the options. The minimum check size across all options is $1,000. Any unsold tokens will be allocated back into Community and Ecosystem development.
How to participate
The latest information can be found on Taraxa’s token sale information page. On the technical side, Taraxa is working with Tokensoft, the same Silicon Valley platform that has helped The Graph, Avalanche, and Findora to launch their token. Registrants will need to go through a KYC process in compliance with relevant regulations and rulings.
A blockchain ledger purpose-built for audit logging
Taraxa is a public ledger platform purpose-built for data via audit logging to track informal transactional agreements started in 2018 in Mountain View, CA, by two Stanford graduates, Steven Pu and Justin Snapp. Taraxa’s protocol features a slew of innovations, such as extremely high logic processing throughput, low inclusion latency, and low finalization without sacrificing security or decentralization. The core team hails from Stanford, Princeton, Berkeley, and Brown, with a balance of technical & business backgrounds from Qualcomm, EMC, Cadence, and Monitor Deloitte.
Public Sale Information Website: https://token.taraxa.io/
Company Website: https://www.taraxa.io
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