Turkish Company Nargilem announces HWT token ICO
Nargilem Announces Token Sale ICO for it's Hookah, Tobacco Company
Nargilem, a turkish company seasoned in the hookah industry with over 20 years of experience, has announced its foray into the cryptocurrency world by introducing the Huqqa World Token (HWT). This groundbreaking move aims to leverage the company's thriving, crypto-savvy community to introduce a deflationary token, backed by actual soil and tobacco, revolutionizing the market.
Nargilem's Industry Presence and Production Scale
With a solid presence in the hookah industry, Nargilem is a renowned brand producing over 20,000 kg of tobacco monthly. This substantial output translates to more than 100,000 tobacco cans sold globally. Now, the company seeks to democratize the tobacco industry by introducing the unique HWT token, inviting anyone willing to partake in this innovative venture to share in the industry's profitability.
Initial Coin Offering (ICO) and Expansion Plans
HWT is gearing up for an Initial Coin Offering (ICO) to secure additional funds and create a significant impact in the crypto space. The advanced smart contract of HWT facilitates seamless and transparent payments, harnessing the potential of blockchain technology. The ICO serves as a strategic move to onboard participants globally and incentivize them to promote HWT products via franchise shops, enhancing liquidity through exchange listings.
The Deflationary Mechanism of HWT
The Huqqa World Token operates on the Ethereum blockchain as an ERC-20 deflationary token. Employing a burning mechanism to reduce the token supply, HWT aims to increase scarcity, ultimately boosting the token's long-term value. With a maximum supply capped at 10,000,000 HWT, the distribution includes allocations for sale, development, partners, bounty airdrops, advisors, and charity.
Investment Opportunities and Operational Expansion
Investors eyeing participation in the private sale are required to acquire tokens worth at least $10,000, priced at $2 per HWT. Following the conclusion of the private sale, the crowdsale will commence with HWT priced at $2.20 per token. The distribution of tokens will occur immediately after the ICO, and all investors must undergo KYC verification for token withdrawals.
Nargilem's Vision and the HWT Team
Over the past two decades, Nargilem has evolved into an industry leader with an extensive supply chain, including hookah bars, stores, and collaborations with wholesalers. Looking ahead, Nargilem plans to expand its operations in South America, cultivating its own tobacco on a sprawling plantation covering 1,000 hectares. The Huqqa World Token (HWT) is backed by a professional crypto team comprising 10 members with diverse expertise, aiming to merge Nargilem's industry know-how with the limitless potential of blockchain technology, shaping the development of the HWT token and its broader ecosystem. This is great news for the turkish crypto ecosystem and promises further development on a large scale.
This is exciting news for the Crypto landscape in Turkey, let me know in comments what you think about Nargilem and this ICO token sale.
