The cryptocurrency growing at a fast rate with the developments seen in the field increasing despite the low prices and bear momentum being experienced in the crypto market. One cryptocurrency derivative company, IDAP, aims at following through the development through their latest token sale launch.

Labeled as the first complete cryptocurrency derivatives platform, IDAP will offer its users a utility token that has perpetual zero trading fees for users who purchase more than 20,000 IDAP tokens. Furthermore, paying fees using the IDAP token offers a 50% discount on the total fees and applicable management & listing fees will be charged in IDAP token.

The Initial Coin Offering Details

The initial coin offering is set to start in the next 14 days and can be purchased on their official IDAP website. The public phase 1 sale will start on 14th February and is set to run till 28th February. The ERC20 token will go for $0.03 USD per token with the total cap of IDAP tokens set at 1,000,000,000 tokens (the soft cap at 200,000,000 tokens and the hard cap set at 750,000,000 tokens).

The IDAP crypto derivatives platform (Image: IDAP.io)

The token can be purchased using Bitcoin (BTC), Ethereum (ETH) or WanChain (WAN). The minimum price has been set at 0.1 ETH or equivalent in BTC or WAN.

Further Statements From The IDAP Development Team

The development team from IDAP.io released a statement on the launch of their public sale stating their commitment to completing their goals set and doing so in a timely fashion. The statement further read,

“The community welcomed our decision to conduct a crowdsale only after we launched the testnet, a testament of our commitment towards the project goals. Before pre-sale, our desktop app demo was ready. Similarly, now that we have launched the testnet, we are proceeding with the first phase of crowdsale. Our investors can visit testnet.idap.io, try out the platform for themselves and then invest in the project with assurance and with confidence.”

IDAP becomes one of the few blockchain cryptocurrency projects to launch a testnet before their public sale an achievement the company should be proud of.