Bounty Temple Chooses LCX For $TYT Compliant Token Sale
par LCX Team · November 21, 2023
We’re delighted to formally announce that LCX will be conducting the $TYT Token Sale, adhering to all regulatory requirements governing token sales. This sale will occur on the LCX platform, providing investors with a smooth and secure platform to buy $TYT, the Governance Token for Bounty Temple.
Bounty Temple stands as a groundbreaking blockchain game, crafted on the Polygon (MATIC) network and boasting the innovative P2EE model. We’re excited about this partnership with Bounty Temple to issue $TYT tokens,” said LCX’s CEO Monty Metzger
“We are proud to welcome LCX aboard as our trusted blockchain infrastructure partner, bringing years of proven security, efficiency, and transparency to the table. With their knowledge and resources at hand, there is no doubt that a new era of Bounty Temple is about to unfold”, quoted the CEO of Bounty Temple, Alton Lim
The $TYT token sale will be managed by LCX’s Token Sale Manager, which will include knowing your customer (KYC), anti-money laundering in accordance with investor onboarding, and blockchain analytics (KYT) standards. Bounty Temple manages the $TYT token sale in a compliant manner by leveraging LCX’s extensive token sale manager and crypto compliance suite. Bounty Temple’s private and public sale rounds are being handled by LCX.
As the official token issuer and token sale manager for $TYT, LCX will plan the legal factors and register the sale with the regulator. In conformance with our registration with the Financial Market Authority and regulatory approvals, we are managing several key aspects of the token sale. The white paper, terms of the $TYT token sale, and an independent legal opinion from a credible law firm categorizing the $TYT token as a utility token will be included in the notification to the regulator.
Bounty Temple
Bounty Temple is a revolutionary blockchain game built on the Polygon (MATIC) network and features the P2EE model. It will be playable on web browsers upon launch, with iOS and Android compatibility to be enabled further down the development process.
Players need to own a Bounty Temple Monument (BTM) NFT to play with or against other players. The slot machine-styled BTMs are designed to be easy to pick up, fun to play, and suitable for all ages.
The Bounty Temple Token, called “TYT” for short, is the Governance Token for Bounty Temple. The total amount of “TYT” is finite, with only a maximum of 48M that can be minted from the Treasury.
$TYT Utilities
- Crafting
$TYT is used in crafting BTMs, which are required to play Bounty Temple.
- Staking
Put your $TYT to good use by staking them, thus compounding your earnings using the proof-of-stake model.
- Trading
$TYT is also the currency used for trading, both in-game and on the open market.
- Voting
When governance is introduced, $TYT will allow users to vote on future developments of Bounty Temple, thus providing $TYT owners equity in the project.
Learn more about Bounty Temple and $TYT – https://bountytemple.com/
Disclaimer: This content contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates, and intentions we express in these forward-looking statements and in other public filings and press releases. We may not achieve all of the expected benefits of our strategic initiatives and partnerships. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other market challenges, could limit our ability to achieve some or all of the expected benefits of these initiatives. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money, particularly if you trade on leverage. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose.
Legal Disclosure: LCX is a regulated entity and gained regulatory approvals as a token generator, token issuer, exchange service provider, price service provider and other legal roles according to the Liechtenstein blockchain act. LCX is acting as a trusted technology service provider for this token sale. LCX and Monty Metzger are closely involved in getting compensation and fees paid in the project token and other assets. From time to time we will engage in transactions of our own tokens.