Thundercore will launch on Huobi Lite

Update: Huobi has released new information about the IEO, with Thundercore (TT) being sold at $0.015 USD.

Thundercore protocol, a revolutionary fast scaling network protocol that can be used to scale ethereum Dapps will be launching on “Huobi Lite” on May 9th. This launch strategy is interesting because of the small investment size given to public – only a $500,000 USDT allocation available for Huobi platform users. Normally Initial Exchange Offerings are in the $1 to $5 Million allocation range. With such a small allocation, it’s unlikely platform users will get a significant quality of ThunderCore (TT) – possibly leading to a sellout in a few seconds.

For more information about Thundercore, read our Thundercore Guide here.

OTC trading & Risks

As Thundercore TT tokens are unlocked, savvy traders have already started speculating on the price of TT. Many OTC desks are offering TT for trade, at prices between 3.5 and 5 cents USD – depend on the region. It’s important to remember that OTC trades may not be safe – there are already reports of scammers pretending trade TT when in fact they don’t have any. Do not trade with unknown strangers.

What is ThunderCore and how does it work?

We have produced a video on the scaling protocol summarizing how “Thunderella” – the core consensus mechanism behind Thundercore works.

Large TT transactions and movements

Some groups have spotted large amounts of TT being transacted, such as this following transaction of 895980079.999TT ($30 M USD worth) being moved:

https://scan.thundercore.com/address/0x59ec13c2a3b794e188c62b48673da2dac5a3ae21

To view current ThunderCore transactions, check out Thunderscan
https://scan.thundercore.com

Token Price / Private Sale price

Official token price and private sale information from the Huobi Listing is as follows:

Total Token Supply: 10,000,000,000 TT
Prime Lite Allocation: 0.33% of Total Token Supply
Prime Lite Release Period: No lock-up/Vesting
Seed Round Price: Jan 2018, $0.01/TT
Seed Round Allocation: 575,906,500 TT, 5.76% of Total Token Supply
Seed Round Release Period: Lock up until Feb 26, 2020
Strategic Round Price: March 2018 to May 2018, $0.02/TT
Strategic Round Allocation: 1,862,274,499 TT, 18.62% of Total Token Supply
Strategic Round Release Period: One year lock-up after investment, release respectively over March 2019 to May 2019
Private Round Price: June 2018 to July 2018, $0.1/TT
Private Round Allocation: 147,648,516 TT, 1.48% of Total Token Supply

This information is in alignment with the information on Thundercore Telegram Channel.

Telegram and Chat groups

Thundercore English: https://t.me/thunder_official

Thundercore China: https://t.me/thundercore_china

The information provided in this article is intended for general guidance and information purposes only. Contents of this article are under no circumstances intended to be considered as investment, business, legal or tax advice. We do not accept any responsibility for individual decisions made based on this article and we strongly encourage you to do your own research before taking any action. Although best efforts are made to ensure that all information provided herein is accurate and up to date, omissions, errors, or mistakes may occur. 
Disclosure: Authors are invested in cryptocurrency projects and have cryptocurrency holdings - including those covered on this website. 

Michael
Michael
I’m Michael Gu, Creator of Boxmining. I’ve been involved in the digital asset and Blockchain space since 2012. Something I immediately noticed was that accurate information is hard to come by in this space. More often than not, we find extremely biased information that exploits the complexity of blockchain to obscure facts. Having been around before bitcoin or blockchain was even “cool” meant that I had to do a lot of discovery myself, and along the way, I had many successes, but also made mistakes. I started Boxmining in 2017 mainly as a passion project, to educate people on digital assets and share my experiences. Being based in Asia, I also found a huge discrepancy between digital asset trends and knowledge gap in the West and China. So I leveraged my knowledge and positioning to bridge that information gap and let people know what is truly happening. This journey has been nothing short of exhilarating for me, starting from when I mined Bitcoin in grad school to appearing on China’s national television as an overseas expert on blockchain technology, and having the honour of interviewing leading crypto entrepreneurs, including Binance CEO Changpeng Zhao and FTX founder Sam Bankman-Fried.

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