The Pivate Sale
Minutes Network Token (MNT) recently concluded its Private Sale with resounding success, marking a significant milestone in the project’s journey towards reshaping the telecommunications industry. The Private Sale, which closed with an astonishing 600% oversubscription, speaks volumes about the overwhelming support and confidence vested in Minutes Network and its token.
Minutes Network Token Announcement
We are delighted to share that the Private Sale for the Minutes Network Token has successfully completed and is now officially closed.
We are grateful for the overwhelming support for Minutes Network, resulting in a 600% oversubscription.… pic.twitter.com/5ALzHLFqz7
— Minutes Network Token (@MNToken) March 18, 2024
At its core, Minutes Network is revolutionizing the international wholesale telecommunications sector as a voice-call termination service provider. In a market generating an annual revenue of approximately $251 billion, Minutes Network has swiftly emerged as a key player, capitalizing on its innovative approach to call termination.
The essence of Minutes Network’s operation lies in its ability to generate income by charging Tier 1 carriers for terminating their international voice call traffic. With partnerships already established with industry giants such as Lebara, Vodatel, Skype, and others, Minutes Network currently terminates over a million minutes of international voice traffic every month. Such robust partnerships and operational success have paved the way for a conservative projection of gross revenue exceeding $50 million per annum by the end of 2025.
Driving this remarkable growth trajectory is MinTech, Minutes Network’s software development and engineering hub. MinTech is dedicated to reimagining and disrupting the international wholesale telecommunications landscape through a suite of proprietary software and protocols. These innovations enable Minutes Network to provide call terminations at substantially lower prices than its competitors, positioning it as a frontrunner in the industry.
What is Minutes Token?
One of the key components of Minutes Network’s strategy is the Minutes Network Token (MNT). MNT serves as the backbone of Minutes Network’s ecosystem, facilitating various functionalities and incentives within the network. With a total token supply capped at 500 million, MNT operates on the Ethereum blockchain as an ERC20 token, ensuring decentralization and transparency.
The success of MNT’s Private Sale underscores the widespread recognition of Minutes Network’s disruptive potential. Investors, including prominent entities like @cryptopiaVC and @CheekyCrypto, have demonstrated their belief in Minutes Network’s vision and its ability to transform the telecommunications landscape.
Looking ahead, Minutes Network is poised to enter its next phase, focusing on Early Node reservations. These reservations, subject to a 3-month lock-up period, mark another step towards realizing Minutes Network’s ambitious goals.
In conclusion, the overwhelming response to Minutes Network Token‘s Private Sale reflects not only investor confidence but also the growing recognition of Minutes Network’s disruptive potential in the telecommunications industry. As Minutes Network continues to forge ahead with its innovative approach and strategic partnerships, it stands poised to redefine the way voice-call termination services are delivered and experienced globally.