CoinsLoot (LOOT) Initial Exchange Offering Final Round Goes Live on CoinCasso

Achal Arya Press Release published March 13, 2021 | modified March 13, 2021

Coinsloot

CoinsLoot (LOOT) Initial Exchange Offering Final Round Goes Live on CoinCasso

CoinsLoot, a blockchain-based platform is announcing the launch of the final round of the Initial Exchange Offering (IEO) for its native tokens, LOOT on CoinCasso, giving early investors an advantage to purchase the coins at a relatively cheap valuation. The IEO will be on until the 30th of April 2021, and early adopters can participate in staking as well as help maintain, govern, and grow the CoinsLoot network.

CoinsLoot is the first-of-its-kind blockchain ecosystem that lets users open loot boxes- a reward scheme launched back in February- using Ethereum based ERC-20 tokens, with the possibilities of winning real-world items. These items can range from cryptocurrencies including Bitcoin (BTC), and Ethereum (ETH), smartphones, games, vouchers, and in cases where users are extremely lucky, a Tesla Model X. 

The launch of the IEO in partnership with CoinCasso is the final opportunity to acquire the tokens which are vital for the functioning of the CoinsLoot ecosystem before they find their way to the mainstream exchanges. 

CoinsLoot IEO Details

With CoinCasso, anyone around the world can purchase the LOOT tokens directly at a price of $0.1. The total supply for the LOOT tokens is pegged at 100 million, distributed with 70 million allocated for the five-round long-haul IEO, 15 million for the team and founders, 10 million for advisors, and 5 million for the bounty and airdrop campaign. In this final IEO round, a total of 65,440,509 LOOT tokens are available for purchase on CoinCasso.

To participate in the IEO, interested buyers will need to register on the CoinCasso exchange, and complete the necessary prerequisite to be able to qualify for the purchase. Investors are also to ensure that their participation is in compliance with local laws and regulations as some countries and jurisdictions prohibit participation in cryptocurrency investments.

As an extra incentive to the IEO participants, CoinsLoot is giving out an additional bonus to users who purchase at least 33,333 LOOT tokens, while also offering an attractive referral reward for anyone who invites people to purchase the tokens. This referral scheme is designed to help grow the community.

The Use Cases of The LOOT Tokens

As is peculiar to other digital assets, the CoinsLoot LOOT tokens are poised to increase in value based on their limited supply, as well as the effect of the law of supply and demand. This way, the LOOT tokens can return value to investors based on increased price valuation over time.

CoinsLoot also provides the opportunity for users with exposure to cryptocurrencies to gain rewards via its Loot boxes. With the entire platform created with fairness in mind, attracting global adoption is likely, as the firm believes there can be no loser using its platform.

CoinsLoot works as a Proof-of-Stake network and as such, holders of LOOT tokens can stake their coins to earn competitive Annual Percentage Yield (APY) while also being able to participate in the governance mechanism of the CoinsLoot network.

Getting involved in acquiring Loot boxes can be done with Ethereum or USDT, with ongoing plans to support other tokens as the network matures. CoinsLoot shares no details of the exchanges the LOOT tokens will be listed on post-IEO offering.


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Achal Arya 390 Articles
I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.
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