Crypto Farmers Plans TGE and Token Distribution for Q4 2024

Crypto Farmers Plans TGE and Token Distribution for Q4 2024

By Jakub Lazurek

19 Nov 2024 (3 hours ago)

2 min read

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Crypto Farmers is set to launch its Token Generation Event (TGE) and distribution in Q4 2024, following a successful IDO on Kommunitas in October 2024.

Crypto Farmers, a blockchain-based gaming project, is set to launch its Token Generation Event (TGE) and distribution in Q4 2024. The project is gaining attention in the gaming and DeFi sectors and is preparing for its TGE, following the completion of an Initial DEX Offering (IDO) on Kommunitas in October 2024. This marks a significant milestone for the project as it moves towards broader adoption and liquidity.

The TGE and distribution will be a key event in Crypto Farmers’ roadmap, expected to take place in Q4 2024. The project will distribute tokens in a phased manner, with a 20% release during the TGE and a cliff of one month before a linear distribution over the next eight months. This structure allows for gradual token availability, which may help maintain long-term stability for the project. The TGE and distribution are critical to the project’s success, as they will help fund further development and drive ecosystem growth.

Crypto Farmers recently completed an IDO on Kommunitas, a launchpad for blockchain projects, on October 26, 2024. The IDO raised $750K, with a token price of $0.40. The raised capital will support the continued development of the Crypto Farmers platform and its integration into the Polygon blockchain (formerly Matic Network). The project’s pre-valuation was set at $20 million, highlighting its potential within the blockchain gaming space. The IDO has already sparked interest, attracting participants who see promise in Crypto Farmers' unique offerings in the gaming sector.

With the Polygon blockchain as the platform of choice, Crypto Farmers is aligning itself with one of the fastest-growing ecosystems in the crypto world. Polygon’s scalability and low transaction fees make it an ideal platform for gaming projects, where fast and cost-effective transactions are essential. The choice of Polygon enhances Crypto Farmers’ ability to scale, allowing for smoother gameplay and more efficient use of its native token, FARM.

In conclusion, Crypto Farmers is positioning itself for a successful launch with its upcoming TGE and token distribution in Q4 2024. The project’s IDO and strategic use of Polygon’s blockchain show that it is taking a calculated approach to growth in the competitive gaming sector. As the TGE approaches, the project’s roadmap and distribution plan will be closely watched by investors and gaming enthusiasts alike.

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