Today, we are introducing the new Launchpad, ready for use in the upcoming IDOs! With this change aimed at ensuring a smooth and high-quality IDO experience, we’re incredibly eager to hear your opinions and thoughts about the new Launchpad! Feel free to share your thoughts and ideas here as comments or through Telegram, Discord, or Twitter. We can’t wait to hear from you!
IDO Rounds and Participation Explained
For those looking to participate in this and future IDOs, let’s highlight the most significant difference of our Launchpad from others: our Launchpad is tierless. Anyone who meets the requirements can participate in IDOs and receive allocations based on their contributions. Note that the round durations may vary based on the IDO. In that case, we will announce the duration of each round for IDO.
1. Precontribution Round:
This round is a preparation round for the upcoming IDOs. To be able to participate in IDOs, you must follow the steps below:
- Click on the link to visit the Launchpad Vault.
- Connect your wallet.
- Apply for KYC and get it approved. (Once approved, you don’t have to apply for KYC again.)
- Stake at least 15.000 $SPIN in the Launchpad Vault. (It’s crucial to stake your $SPIN tokens here to participate in IDOs because $SPIN tokens in your wallet, pools, or farms won’t qualify you for IDO participation.)
- If you have $SPIN staked in Launchpad Vault 1.0, you must migrate your tokens to Launchpad Vault 2.0 within this round. If you don’t know how check out the video below:
2. Contribution Round:
This is the round where you contribute to the IDOs to get an allocation by staking $SPIN into the Launchpad Vault. Your active IDO allocation is automatically calculated based on your $SPIN staked in the Launchpad Vault. Since it won’t be locked, you can always stake or withdraw your $SPIN into/from the Launchpad Vault. Note that if you stake more $SPIN into the Vault, you will get more allocation from IDOs.
3. Allocation Round:
This is the round where you can pay for your IDO allocation in full or partially once the Contribution Round ends.
4. First Come, First Served (FCFS) Round:
If the initial allocation round isn’t fully raised, there’ll be an extra round on a first-come, first-served basis. This round provides a second chance for those who joined the contribution round but didn’t pay for their full allocations in the Allocation Round and those who want to increase their initial allocation buyout. The allocation amount that can be paid for on FCFS Round will be multiplied; its multiply value will be determined based on the IDO.
5. Waiting for TGE:
The waiting period between the project’s IDO and TGE.
6. Vesting Round:
Once the IDO ends, you can claim your bought allocation from the IDO’s detail page.
- The refund option will be active starting from the partner project’s Token Generation Event (TGE).
- The refund period from the TGE will remain open for 7 days.
- Investors can initiate a refund for their paid allocation (including FCFS) on IDOs during the 7-day refund period.
- Upon refund initiation, investors will be fully refunded for their IDO allocation. Investors who choose to get a refund during the specified period will be ineligible for any token allocation from the IDO.
- Once investors receive a refund, they cannot get the remaining allocation from IDO, and their allocation will be released. The released allocation will be sent to the IDO project.
- Investors who claim tokens from the TGE will forfeit their eligibility for a refund. Once tokens are claimed, the refund option will be disabled for said investor.
Since each IDO is unique, our refund policies will vary based on the IDO. Rest assured, we clarify the specific refund policy applicable for IDOs; we add a “Refund Policy” tab on each IDO’s page for detailed information about their refund policy.