We are really happy to announce that TrotelCoin (TROTEL) will be officially listed on the BIM Exchange ! This partnership marks a significant milestone for TrotelCoin, aiming to enhance liquidity, visibility, and adoption within the cryptocurrency market. Here’s everything you need to know about this exciting development.
What is BIM Exchange ?
BIM Exchange is building a world where anyone can freely, reliably and effortlessly trade their funds on their own terms.
Indeed, BIM Exchange has integrated a solution to allow their customers to easily buy crypto-currencies with fiat (EUR, USD, CHF, GBP, ARS, etc).
In addition, you can instantly swap at superior rates with their intelligent trade route scanner. Connected to multiple sources of liquidity across multiple blockchains. BIM Exchange swap makes it easy to exchange any EVM cryptocurrency.
They also have a bridge. BIM Exchange Bridge is a modular protocol for securely transferring funds and data between chains.Finally, we have staking on BIM Exchange that allows users to stake their tokens to earn rewards. This is still in development though.
The BIM token
The BIM DAO also has its token. In fact, BIM Protocol issues the BIM token as the cornerstone of governance and the representation of rights in the ecosystem, enabling holders of the BIM community and the founding team to vote, decide and jointly manage BIM Protocol. BIM has multiple utilities.
Governance rights
BIM holders and those who stake their tokens obtain voting rights within "BIM DAO", enabling them to vote and influence key decisions that guide the development and improvements of BIM Protocol.
Rewards for staking
In return for their stake and participation, BIM holders receive a share of the results generated by the BIM Protocol (BIM Exchange). The more activity there is on BIM Exchange, the greater the results, which translates into greater rewards for BIM Holders. The more BIM users contribute, the greater their share of the costs! There is therefore a symbiotic relationship between BIM stakeholders and the success of BIM Protocol.
Fee refunds
With BIM's new trade refund scheme, BIM holders can also benefit from significant trade fee reductions when trading with BIM Exchange. The percentage of fee reductions is based on their number of BIM, offering greater rewards for higher levels of commitment.
Liquidity provision
Finally, BIM holders can contribute liquidity pools (e.g. BIM-USDT), providing valuable liquidity and earning fees from the trading activity that flows through the pool.
The strategy behind the listing
Indeed, this listing comes with different objectives such as:
Increasing liquidity: With 5% of our total supply allocated to the liquidity pool, we aim to ensure sufficient liquidity for our token holders and traders.
Promote adoption: The exchange allows users to buy TROTEL seamlessly by using fiat currencies directly.
Enhancing visibility: Being listed on BIM Exchange will expand TrotelCoin’s ecosystem to a new community.
The token release plan
Tokens will be available following this schedule for BIM Exchange. This way, we’re ensuring a linear release of the tokens on the market.
Total Tokens: 5,000,000 (5%)
Cliff Period: 3 months (no tokens released during this period)
Linear Vesting: Over 12 months, with a monthly release of approximately 416,666 tokens after the cliff period.
The DAO is consulted
A vote will be held on Snapshot to unlock DAO Treasury funds for the 5% allocation. Indeed, TROTEL holders will vote to approve or reject the allocation of 5,000,000 tokens. This is really important for us since we want this listing to be transparent for the community.
Communication strategy
To celebrate this partnership, we will engage in a comprehensive communication strategy, including:
Multiple LinkedIn posts highlighting the partnership.
A detailed article on our Mirror blog. (you’re reading it)
Adding a link to the exchange pool on our website.
Introducing lessons and quests as premium partners on our application.
Special launch giveaway
In addition to our listing on BIM Exchange, we are hosting a special giveaway. On the day of the launch, we will give away $100 worth of TROTEL. To participate, you will simply need to retweet our announcement post and share it with three friends. We want to ensure that the launch is successful and to gain attention from it.
See you next week to be updated about TrotelCoin’s updates.