Mechanism for IDO
As previously stated, there are three ways to participate in the IDO on TorkPad.
The token sale process is divided into 6 phases, which are as follows:
- 1.Register
- 2.Lottery
- 3.Guaranteed Allocation
- 4.Allocation Distribution
- 5.Public Sale (FCFS)
- 6.Token Vesting
- Users register to participate in the token sale by completing KYC.
- Complete some tasks to earn points.
Tier 1 users receive pre-determined tickets. They are not assured of being chosen for IDO.
Users who want to increase their chances of winning the lottery should do more social tasks and use TorkPad's service to earn more points for their tickets.
Tier 2, 3 and 4 users have a guaranteed allocation to participate in token sales.
Users are going to be appointed a procurement spot supported the winning price ticket. Users then deposit funds within the quantity such by the price ticket size to substantiate their allocation.
The remaining tokens are going to be out there for purchase throughout the general public Sale spherical.
Participants who are eligible:
- Users who have joined Register to participate in IDO.
- Except for users who successfully purchased during the Allocation Distribution Stage.
- Users who were not chosen in the Lottery Stage will be permitted to participate.
The public round is First Come, First Served (FCFS), with a purchase limit set by TorkPad and the project team for each wallet.
Vesting schedules differ for each project because they are determined by team TorkPad and project partners.
Last modified 5mo ago