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, signif...