How To Join Fusotao Protocol IDO on WannaSwap
We’re excited to announce Fusotao Protocol — A Verification Protocol using a new “execute off-chain, verify on-chain” model will be the first Launch event on WannaSwap Launchpad.
As you know, our IDO platform will follow by phases and the expected time for each phase:
- Staking Period: July 12th, 11AM UTC
- Subscription Period: July 18th, 11AM UTC
- Calculation Period: July 19, 11AM UTC
- Distribution Period: August 8th, 11AM UTC
$TAO Price: $1 (USDT)
Total amount: 50,000 $TAO
Total fund to raise: $50,000 (USDT)
Vesting: 100% at TGE
Holding 3,000 $WANNAx is required
To participate, Users must visit https://wannaswap.finance/launchpad/3 and perform the following steps:
Step 2. Stake an amount of USDT during the Staking Period (you can unstake whenever you want) to determine the maximum amount of USDT you can use to commit during the Subscription Period.
For example, A stakes 100 USDT all the time of Staking Period (6 days), the maximum amount of USDT A can commit at Subscription Period is 100. B stakes 300 USDT in only 1 day, so the maximum amount of USDT B can commit is 300/6 = 50.
Step 3. Commit the amount of USDT you want to buy TAO tokens.
For example, at the end of Subscription Period, there are 200,000 USDT committed. A committed 100 USDT, so the amount of $TAO A purchases is (100 / 200,000) * 50,000 = 25. But you can see at price 1 USDT, total USDT A has to pay is 25 * 1 = 25, so A will be refunded 75 USDT when claiming.
Another example, at the end of Subscription Period, there are only 25,000 USDT committed. B committed 100 USDT, so the amount of $TAO B purchases is (100 / 25,000) * 50,000 = 200. It means that with 100 USDT, B purchases 200 $TAO tokens at price 0.5 USDT.
Step 4. Check the results and claim your purchased tokens when the time comes.
Some most noticeable:
The acceptable currency is ONLY $USDT (not $NEAR).
The wallet address which participated in last IDO (postponed) will be airdropped an extra $TAO equal to 10% of total they’re going to buy in this time.
To better understand WannaSwap Launchpad, check here: https://wannaswap.medium.com/wannaswap-launchpad-the-start-of-potential-projects-on-aurora-8152bd3362a1