Automated crypto investment platform TeraBlock has announced plans to launch its IDO (Initial DEX Offering) on BSCPad on May 11. To this effect the platform has opened a whitelist for interested participants.
TBC Token to launch on BSCPad
TeraBlock made this announcement in a press release on May 10 and revealed details about the upcoming IDO. Prospective buyers need to stake enough BSCPAD tokens to reach their desired tier. They will also need to pass know your client (KYC) verification and register on the whitelist.
The staking eligibility deadline is set to run until 5 AM UTC on May 11and the allocation-based round will be executed by 8 AM UTC. Furthermore, an additional round on a first-served basis set to run at 1pm. Following the final round, TBC tokens will be listed on PancakeSwap and Uniswap.
At launch, TeraBlock will feature four predefined indices that let beginner users diversify and automate their cryptocurrency trading strategy. More experienced users can design their own index with custom weights and rebalancing thresholds with TeraBlock hosting the strategy and doing all the required transactions in the background. With TeraBlock, users will also be able to purchase crypto through the TeraBlock exchange with any debit or credit card issued by a bank.
The TBC token plays a key role for utility on the platform, enabling users to save on fees dramatically. When they hold a percentage of their portfolio in TBC, the platform will waive all extra fees beyond the standard exchange fee, including those for automated strategies and indices.
Powered by Binance Cloud
TeraBlock seeks to become the one-stop solution for all the needs of crypto newbies by combining a sleek and straightforward interface for buying and selling crypto to a suite of trade automation tools that guide users on their journey through blockchain.
TeraBlock’s ecosystem will be powered by Binance Cloud, allowing it to access all of Binance’s liquidity and a vast selection of tokens. Binance will underpin TeraBlock’s exchange technology and security. User registration, Know-Your-Customer and Anti-Money Laundering checks are also performed through Binance in collaboration with third parties.
Shivam Tandon founder of CEO TeraBlock revealed his delight in the upcoming IDO launch.
“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 just want to diversify their risk to experienced traders who lacked the tools to create their own automated portfolios.”
TeraBlock aims to be the most user-friendly and comprehensive crypto exchange that provides automated and AI-powered features while offering the liquidity, token selection and cost of Binance with the ease and simplicity of Coinbase. Through its ML-powered trading algorithms and customizable strategies, TeraBlock guides users who dip their toes in cryptocurrencies. TeraBlock was founded in 2021 by Shivam Tandon, a serial crypto entrepreneur who previously launched successful trading tools.