CryptoAutos to Commence TGE for Its $AUTOS Token on December 11

Renowned blockchain-powered luxury automotive marketplace CryptoAutos announced today that it is set to commence the Token Generation Event (TGE) for its native utility token, $AUTOS.

While this marks a notable development for the CryptoAutos ecosystem, it will help the company enhance the ownership and interaction of high-value assets through blockchain technology.

Per the announcement, AUTOS’ TGE is coming shortly after the successful conclusion of the project’s Community Launch on Fjord Foundry. Notably, the event raised $4.5 million in just 5.5 hours, with participation from 1,710 $AUTOS buyers, signifying notable interest and trust in the CryptoAutos ecosystem, which combines blockchain innovation with the exclusivity of luxury automotive ownership.

AUTOS’ TGE to go Live on December 11

Scheduled for 11th December 2024, the TGE will go live at 12 PM UTC and allow public sale participants to claim 100% of their tokens through CryptoAutos’ simple claiming process. The event will also see tokens automatically airdropped to the wallet winners of the airdrop who connected during the Telegram game.

While the fully diluted valuation (FDV) of $AUTOS is $40 million, the token will launch at a fixed price of $0.04. Following the TGE event, interested users will be able to purchase the token on the Uniswap DEX and multiple CEXs like KuCoin and Gate.io. This will help ensure wide accessibility for the global community.

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Following its design, the $AUTOS token aims to provide a seamless, secure, and efficient way to engage with high-value assets for CryptoAutos users while facilitating transactions and membership and allowing users to participate in fractionalized ownership offerings of luxury cars and much more.

Harley Foote, Co-Founder & CEO of CryptoAutos, commented on the team’s latest development,s saying;

“We’re incredibly proud of the overwhelming support during our $AUTOS Community Launch event, which raised $4.5 million in just 5.5 hours. This marks the beginning of an exciting journey for us. The $AUTOS token completes the CryptoAutos market offering by enhancing transactions, staking opportunities, and community-driven governance. Together, we’re building a decentralized future for luxury ownership, with $AUTOS as the key to unlocking this vision.“