About Our Frequently Asked Questions
It would not be wrong to say that the cryptocurrency industry is taking over 2021. With the growing crypto industry, there should be a secure platform where all crypto users can record their transactions. This is where Terminal Finance comes into play. It offers a smart wallet to all crypto users. Like physical wallets, they store cash and make the payment system more efficient by allowing users to perform various transactions while keeping an eye on their balance.
In terms of ITO (Initial Token Offering), you should know that ITOs are very similar to ICOs, their main focus is on offering tokens with proven or unproven innate utility. ITOs are generally about tokenization compared to crowdfunding. This gives all people in the industry the opportunity to actively participate by purchasing tokens. You can also join the ITO using different cryptocurrencies such as BNB and USDT.
term.finance allows you to participate in token sale. When an ITO is initiated, you can get the token by paying the price according to the ongoing round. To create an account, you will be asked to enter your wallet address and register for security purposes. There are different token sale rounds. From the first round, Pre-seeding to the final ITO round. A certain number of coins are sold at a certain price in each round.
TERM Token is a multipurpose token and is the main token of Terminal Smart Wallet. In terms of listing TERM tokens, a liquidity pool of $150,000 will be created on PancakeSwap 7 days after all tokens are sold. The liquidity pool will be created from Reserves or any round of mid-sale token sales. Let’s say someone completes their registration and buys $1000 worth of TERM tokens from any sales round. In this case, the corresponding TERM token will be added to your Smart Wallet to use for commissions, pay foreign exchange commission rates of other famous coins or convert your token into local currencies.
TERM tokens can also be staked using the staking program in Terminal Finance and benefit you when staking is equal to tokens; Users can benefit from commission discounts. You can also make FIAT payments for products that are automatically converted to TERM tokens. This action tells you that the TERM token maintains a high value. Similarly, you can also hold a TERM token using the HODL program, which is very similar to a staking program because the longer you hold the tokens, the more benefits you get. Also, if you’re wondering if the TERM token will be of good value in the future, check out our whitepaper.
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