Bittime Will Sell 1.5 Billion Palapa Tokens, Beginner Investors Get Special Quota

Liputan6.com, Jakarta – PT Utama Aset Digital Indonesia or better known as Bittime will distribute 1.5 billion Palapa tokens (PLPA) intended for novice investors. Palapa has officially become the Bittime platform token, which has been registered with the Commodity Futures Trading Supervisory Agency (Bappebti).

Palapa CEO Jimmy Siswanto Wong explained, in white paper Palapa has determined in the tokenomics section, that the total supply allocation is 10 billion Palapa tokens, some of which will be reserved for early investors who participate in pre-sale.

“Later, we will allocate 15 percent or 1.5 billion PLPA tokens specifically for early investors who participate in pre-sale at a special price. If anyone is interested be early “investors can contact us via customer service or Palapa and Bittime social media,” said Jimmy.

He continued, the Palapa token was built as utility token platform which is an important functional module to empower the entire Bittime ecosystem, where there are several token functions that will benefit its users.

“Several functions of the Palapa token in the Bittime ecosystem will include discounts on transaction fees based on the amount of PLPA owned, as well as free withdrawal and deposit quotas,” said Jimmy.

He explained that another thing that makes the Palapa token different and has good potential is a clear and structured roadmap.

“One real example in roadmap Palapa is a staking feature plan. Not many tokens dare to include the staking feature because they are constrained by permission. “Meanwhile, we are supported by Bittime which has an official staking permit from Bappebti,” said Jimmy.