TAU Crypto Exchange Set to Release October 18 for TAU Coin Trading
TAU Exchange Release To Mark First Official Trade Of Coin
With the opportunity of revealing the real worth of TAU Coin to the public, TAU Exchange official roll out date has been scheduled for October 13. At the moment, TAU Coin, which aims to provide fast, fair and secure currency without inflation claims the about 37,000 account has been created on the Cryptocurrency network, and 624,000 transactions has been performed.
The launch of the exchange will give room for the listing of only TAU/BTC trade pair, making it easy to trade TAU coin for BTC and vice a verse.
Founded by David Wu (iMorpheus) and four others, the Cryptocurrency uses a Proof-of-Transaction (PoT) consensus mechanism, a mechanism which its transactions are incentivized.
While encouraging users to perform transaction, TAU distributes reward to people through club wiring. The PoT consensus does not encourage accumulating of wealth and hardware.
At the moment, the available total supply of the Cryptocurrency is 10 billion TAU.
With the launch of the exchange, coin swap will be taking place ever 360 blocks, and the TAU foundation will be allocating 60,000 TAU into the TAU exchange for Token distribution. TAU-X will grant users the opportunity to trade TAU with BTC seamlessly without the involvement of middlemen.
This will mark the first time TAU coin will be officially traded, bought or exchange on an exchange.