• Transient Raises $1.2 Million in a Public Sale to Create the Amazon of Smart Contracts

  • Transient Network, a Smart Contract Global Marketplace, is pleased to announce that it has raised $1.2 million through an Initial DEX Offering (IDO) on two separate launchpads – Genesis Pool and Lemonade. Transient ($TSCT) raised $1 million in an oversubscribed public offering on Genesis Pool, as well as $200,000 through Lemonade. In just 90 minutes, the Lemonade sale had reached the $200,000 mark!

    Transient is creating the “Amazon of smart contracts” – a global marketplace of decentralized applications (dApps) that will assist non-coders in creating smart contracts for specific use cases and industries. Individuals and businesses, including those with no coding experience, can use the appropriate dApp on the marketplace to create self-enforcing and self-executing smart contracts.

    Transient had raised $275,000 in a seed round prior to the IDO public sale, with participation from Exit Forward — a venture capital firm that supports forward-thinking projects — and a number of silent advisors.

    It also raised $1.2 million in a private token sale ($TSCT). Given the nature of the project, Transient chose to raise funds primarily from individual investors rather than seeking greater participation from whales or prominent venture capitalists.

    “After a long road to get here, we are absolutely thrilled and excited to have completed our private and public raises – with a number of keen investors and launchpads snapping up the opportunity to get in at the very beginning of our journey ahead – we particularly thank our seed investors Exit Forward and launchpad partners GPool and Lemonade,” said Transient Network CEO Beau Olson. We at Transient can now focus on bringing our Smart Contract Global Marketplace to the rest of the world, allowing coders and non-coders alike to leverage our smart contracts for anyone, anywhere, and at any time.”

    Since the introduction of Ethereum, smart contracts have grown to be one of the most important components of the blockchain space. However, until recently, only those with programming skills could take advantage of them.

    Transient believes that the benefits of smart contracts – immutability, transparency, speed, accuracy, and hyper-security – should not be limited to coder-to-coder transactions and agreements. Allowing non-coders to create and interact with smart contracts could drive grassroots blockchain adoption.

    The first four dApps available on Transient’s marketplace are as follows:

    TSC-Core: A standard smart contract creation and management app with transfer, deposit, and digital signature capabilities. CryptoPool: Allows users to create their own pools for cryptocurrency price predictions and share the profits. Esports: Creates an ecosystem of peer-to-peer market creation for your favorite competitions as well as a variety of other services, taking social betting and content-driven experiences to the next level. NDA: Allows users to create smart contracts that make working with clients and partners easier. Transient’s legal advisors make certain that the contracts are legally sound.

    Concerning Transient

    Transient is a decentralized ecosystem that enables non-coders to create and manage their own digital Next-Gen Contracts. Its Smart Contract Global Marketplace is designed from the ground up to accelerate blockchain adoption across all industries and walks of life by hosting and enabling the instantaneous creation and distribution of a diverse set of self-enforcing and self-executing Smart Contracts.

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