In a recent tweet, TerraCVita launches the discounted private sale of its decentralized exchange (DEX) token called “TERRA” for the community members that delegated their tokens with its validator.
The news came following the group’s announcement on Monday that it had successfully raised $1 million in a private sale for its decentralized finance project Terraport.
TerraCVita Discounted Sale Of DEX
TerraCVita delegators can participate in the discounted private sale in 3 simple steps, per the tweet from the group today:
- Delegates must join the TerraCVita Discord and make their interest to participate in the “Terraport Sale” known in the “VALIDATORS” channel.
- Delegators should request an “Admin.”
- They should provide proof of delegation with TerraCVita as required by the admin.
Given the above update, the group shared a list of seven admins with the tags “Admin,” “tcv-terraport-sale,” and “Mod,” who will be involved in helping users participate in the sale.
According to the data shared by Smart Stake Analytics, the TerraCVita validator has 11.5 billion Terra Luna Classic (LUNC) staked, a percentage voting power of 1.34% from 1,512 unique delegates. It has seen an increase of 41 notable delegates in the past 24 hours.
DEX To Launch Soon
However, TerraCvita gave a clue on the lunch of a governance token and an Initial Coin Offering in its whitepaper which was released in December. Furthermore, the independent group, TerraCVita announced that the official launch of the DEX will be Q1 2023, although till now there is no specific date for the launch.