bitsCrunch, a decentralised AI-powered data network, will make its BCUT token, a native utility and governance token, available for sale through CoinList. From what it’s understood, it will involve six percent of the total supply of 60,000,000 BCUT for public sale.

According to an official release, the BCUT token sale on CoinList is scheduled to begin on December 14, 2023. Reportedly, the community sale will offer 3.6 million BCUT tokens at a price of $ 0.055 per token, with the registration closing on December 11, 2023. In the bitsCrunch Community Sale, participants are expected to have the flexibility to acquire BCUT tokens in the range between $50 – $2000. It’s believed that community members will have an opportunity to participate in the sale at a rate of $0.055 per $BCUT. After the public sale, the buyers will seemingly enter a lock-in period until the mainnet launch. Sources suggest that there will be a 20% unlock at the Token Generation Event (TGE) followed by a 12-month linear release. During the bitsCrunch community sale, an additional 10,000,000 BCUT tokens may be made available for purchase at the discretion of bitsCrunch Users who pre-fund and buy a minimum of $350 in BCUT qualify for an extra 450 BCUT.

Post sale, unsold tokens will be randomly allocated to the participants who have submitted this request. They can request up to $2000 as additional tokens in the bitsCrunch community sale. As reported, participants ranked within the top 2000 in the Testnet Task 3 will have the opportunity to join the priority queue for the upcoming $BCUT community sale on CoinList. An additional criteria to ensure eligibility to join the priority queue is believed to be that users may not be residents of any of the restricted jurisdictions.

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