The TEA token sale will take place on September 25 on CoinList, and registration is now open

ChainCatcher news, according to official information, the TEA token sale will take place on September 25 at 17:00 UTC on CoinList, and registration is now open. The token is priced at $0.0005, with a total supply of 4 billion tokens, corresponding to a valuation of approximately $50 million; 100% will be unlocked at TGE, with a minimum purchase amount of $100 and a maximum of $500,000, supporting USDT, USDC, and USDe.

CoinList's official announcement states that this time a "bottom-up" approach will be used for random allocation, and results will be communicated within five working days after the end of the subscription period. Funds not allocated will be returned via the original route; participants must complete KYC/AML, and those in restricted areas such as the United States and Canada cannot participate. EU investors can apply for a refund within 14 days after confirmation and as long as the subscription period has not ended.

TEA is initiated by Max Howell, the creator of Homebrew (one of the largest open-source software programs globally), positioned as a decentralized network that incentivizes the open-source ecosystem, allocating rewards to developers based on dependencies and contributions, and used for governance and staking scenarios.