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Taylor IMO (Initial Mining Offering) officially launches

Press ReleaseTaylor IMO (Initial Mining Offering) officially launches

The Year 2021 is the year of cross-chain. Not only Polkadot launched parachain auction in November, another cross-chain brand—Taylor, will also launch IMO(Initial miner offering). Participants can transfer 100 USDT to the Taylor IMO receiving address, and receive 100 TL(Taylor’s token).

Taylor IMO (Initial Mining Offering) officially launches

Taylor is a public chain created by a Cambridge alumnus, that focuses on cross-chain function. Taylor can connect with public chains with all kinds of protocols, without notary schemes, sidechains, or relays. Taylor Wallet is the first dApp that allows users to swap and transfer cross-chain crypto assets in the real decentralized way. Assets that are transferred to the Taylor chain can be swapped with assets from all kinds of public chains and can be provided to liquidity pools in Taylor Swap. Liquidity providers of Taylor Swap will be rewarded with transaction fees and TL of Taylor mining. Taylor Wallet provides a more efficient way to utilize funds than other yield farming tools.

TL is a native token issued by Taylor. The issuance of TL tokens is 16.85 million and will be capped at this number. Taylor LPoS mining rewards are distributed to all individuals who contribute to the decentralized swap liquidity in the Taylor ecosystem. With this design, the Taylor ecosystem will grow with its liquidity foundation. With Taylor’s technology, It will be the infrastructure of the future blockchain industry, and TL’s value will grow as the Taylor ecosystem grow.

In order to grow the Taylor DAO community, so that Taylor will be able to quickly apply the practice of “interconnected chains, exchange of value”, the Taylor team officially launched the IMO (initial miner offering) to the community. Taylor IMO will start on 24th December 2021, at 18:00 (GMT+0). Users only need to verify the whitelist address and transfer 100 USDT to the IMO receiving addresses. Then they can claim 100 TL in the Taylor Wallet app.

Steps to participate in IMO:

  1. Verify the whitelist address(TRX or ETH address only)
  2. Transfer 100 USDT to the IMO receiving address
  3. Download Taylor Wallet and get 100TL

Taylor IMO provides 505,500 TL(3% of total TL number) and will be closed when reaching the limit. Each whitelisted address can only participate in one IMO subscription. Only the whitelisted address can be used to transfer funds to the IMO receiving address. Addresses from third-party exchanges are invalid, can not be used to verify as whitelist addresses.

The future will be the age of cross-chain, participating Taylor IMO can support the cross-chain vision of Taylor, and help build the infrastructure of the future blockchain industry. Also, holders of TL can expect its value to grow with the Taylor ecosystem.

Go to Taylor website for more information

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