A new cryptocurrency is set to hit the market soon but in a limited number. It is created and named in honor of the three hundred Spartan warriors who were part of the Battle of Thermopylae. Staying true to the name, the supply is limited only to 300 tokens, most of which will soon be offered in an ICO.
Unlike other cryptocurrencies, the 300 Token is unique as it is the first one to be created using the Minereum Token Service. The 300 Token, like many other popular Ethereum based cryptotokens of the time, is ERC20 compatible.
The creators of 300 Token, do not intend to create an entire cryptocurrency ecosystem around it. Instead, they just plan to create enough hype to showcase the cryptocurrency’s and Minereum Token Service’s capabilities.
Out of the 300 tokens, the platform has made 70% of tokens, that’s 210 coins up for sale on the ICO. And the rest 90 tokens will be held on to by the 300 Token team. With the successful ICO, the platform will end up raising 63 ETH, approximately 7.5 BTC. The funds will be utilized to list the token on different cryptocurrency exchange platforms, which could cost up to 4 BTC and the rest to build a website, pay bounties to the community and gain media exposure.
Minereum is the first self-mining contract that enables people to create their own Ethereum based tokens in an easy and cost-efficient way. The cryptocurrency’s BitcoinTalk page states,
“The only reason why we are doing an ICO is to raise funds to list on exchanges, make website, PR, bounties, etc.”
The BitcoinTalk page also includes detailed instructions for participation in the ICO. Those interested in becoming part of the ICO can do so by sending the ether tokens to the smart contract mentioned on the page.
Given the limited number of tokens, and the platform’s already expressed interest to list it on multiple exchanges, the value of 300 Token is expected to grow rapidly.
Ref & Image:Bitcointalk Page