2gether, the collaborative crypto-trading platform, announces the listing of its 2GT token on Bounce, a decentralized platform that specializes in auction-style ICOs and NFTs. The company is issuing 10 million 2GT tokens for a period of 7 days, before issuing its token on Uniswap in the second week of March. Fifty percent of the Ether (ETH) proceeds from the Bounce issuance will be utilized for the 2GT/ETH liquidity pools on Uniswap.
Over the last year, 2gether, which operates in 22 countries, has grown its platform by 500 percent, reaching 80,000 users in total by early 2021. Behind the success of this growth are the “founders” of 2gether—users who partake in the company’s referral program without the need for marketing campaigns. In return, the company has rewarded founders with 2GT tokens, with over 20 million tokens granted to founders thus far.
Since its launch in 2018, over 50 percent of 2gether’s users are designated founders for having more than €10 in 2GT. More than 27 million 2GT tokens, totaling €1.4 million, have been purchased on the 2gether platform over the last three years, with company data showing an 83-percent rise in 2GT trading between December 2020 and January 2021.
2gether has been building 2GT’s utility for the last three years with the Founder Plus Programme at its core. Each membership level within the program encompasses its own unique series of incentives, and members of each level can benefit from the incentives by purchasing or earning 2GT tokens and holding them on the 2gether platform. Until today, the token has only been available to the platform’s users, and only inside the European states in which 2gether operates.
In the spirit of promoting the tokenized economy and opening these benefits to others, 2gether will also be issuing its token on Uniswap the following week with some of the proceeds from the Bounce issuance. Fifty percent of the ETH proceeds from the token sale will go toward 2GT/ETH liquidity pools when 2gether issues its coin on Uniswap. Users who stake their 2GT/ETH in the Uniswap liquidity pool will receive a 0.3 percent yield. From Uniswap, users will be able to send their 2GT tokens to external wallets or deposit them.
“Over the last three years, 2gether has been working on increasing the utility of the 2GT token to further develop our Founder’s Plus Programme and beyond, while emphasizing compliance with the European Commission’s regulatory frameworks with the guidance of the crypto-specializing legal experts at Uría Menéndez’s Digital Law Group,” explained Ramon Ferraz, CEO of 2gether. “The crypto boom of the last few months has empowered the company to succeed in its token issuance mission, and the 2021 roadmap brings new initiatives and projects that will add new layers to the 2GT’s utility.”
About 2gether
Led by CEO Ramón Ferraz and other field veterans, 2gether stands as the financial platform that crypto users would make for themselves. Founded in 2016, the collaborative marketplace successfully bridges the gap between crypto users and traditional financial markets, enabling the trade of cryptocurrency at fair prices, as well as the use of digital coins and tokens to perform the same functions historically offered by fiat.
About Bounce.Finance
Founded in 2020, Bounce is a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms. The first principle of Bounce is scarcity of resources, which creates a competitive swap environment.