A Comprehensive Guide to Participate and Benefit from the REAP IDO
YouSUI Launchpad is excited to announce its upcoming Risk-Free Releap Protocol’s IDO, which will be held in two rounds to ensure fair participation for both the YouSUI Community and the general public. In this Medium article, we will delve into the details of the REAP IDO, explaining the two rounds, the staking requirements, the different tiers, and the benefits each tier offers to the participants.
REAP IDO on YouSUI Launchpad will be hold in two rounds:
YouSUI Community: Tier/NFT Holders
Public Round: FCFS
1. YouSUI Community Round (Guaranteed Allocation):
The YouSUI Community Round is designed to provide guaranteed allocations to eligible participants who hold Tier/NFTs. Here are the key details for this round:
- Total Sale Allocation: $70,000
- Min Purchase: 100 SUI
- Max Purchase: No limit
Timeline:
Start: 12:00 PM UTC, 7th August 2023
End: 12:00 PM UTC, 8th August 2023
**Tier 1 ~ 3 Receive Extra get 10,000 XUI Airdrop based on purchasing volume
2. Public Round (FCFS Rule):
The Public Round follows the YouSUI Community Round and offers anyone the opportunity to purchase REAP tokens. Here are the details for the Public Round:
- Total Sale Allocation: $30,000
- Minimum Cap: 200 SUI
- Maximum Cap: 1000 SUI
Timeline:
Start: 12:30 PM UTC, 8th August 2023
End: 12:30 PM UTC, 9th August 2023
Pre IDO Requirement for Community Round:
To be eligible for guaranteed allocation in the YouSUI Community Round, users must stake $XUI tokens by August 5th, 4:00 UTC.
The staking requirements for each tier are as follows:
Tier 1: Stake 40,000 XUI
Tier 2: Stake 20,000 XUI
Tier 3: Stake 7,500 XUI
Tier 4: Stake 5,000 XUI
Tier 5: Stake 3,000 XUI
NFT Holders: Users who own exclusive NFTs are also eligible to participate in the YouSUI Community Round. NFT holders can access the round with Tier 4 or Tier 5, based on the type of NFT they possess:
- Free-Minting Season 3 NFT (limited to 20 holders) qualifies for Tier
- Any NFT gained from YouSUI events qualifies for Tier 5
Tier-specific Rewards: Tier 1 to 3 holders will receive additional Airdrops based on their purchase volume. The total Airdrop prize pool is 10,000 XUI.
Now let’s learn how to participate in both rounds. Important note, both sales require to have $SUI in users wallet as a principal asset.
How to participate in the YouSUI Community Round:
To be eligible for guaranteed allocation in the YouSUI Community Round, users must have XUI and stake their tokens by August 5th, 4:00 UTC.
- Visit YouSUI.io and create/login to your account.
Connect your Sui Wallet. - Buy $XUI via Bitget or MEXC
Directly Purchase at YouSUI platform. - Lock $XUI in either flexible or fixed Staking.
Min Staking amount is 3000 XUI. - Check your Tier level.
Users are eligible to unstake after snapshot. - Prepare $SUI in your wallet.
Depending on REAP token you want to purchase. - Claim $REAP IDO Tokens
How to participate in the Public Round:
REAP IDO participation on YouSUI launchpad does not require any additional criteria for the public round sale. Only the basic things you need to meet:
- Visit YouSUI.io and create/login to your account.
Connect your SUI wallet. - Prepare enough $SUI.
Users should commit principal assets to purchase the REAP Token. - Claim your $REAP IDO tokens.
Post IDO: Token Distribution and Exchange Listing
Following the IDO, the token distribution and exchange listing are scheduled for August 10th. Notably, YouSUI Launchpad will implement a Risk-Free Model for the REAP IDO, allowing users to claim their purchased REAP tokens or request a refund within 48 hours.
After IDO is completed, you can claim the purchased REAP IDO tokens or alternatively ask for a refund within 48 hours.
- Claiming tokens, will automatically proceed to receive 20% and display the rest claiming schedule according to vesting.
- Requesting a Refund, on the other hand is a complete exit strategy user can choose upon listing and receive all the investment they put in IDO.
Releap IDO Launchpad Details:
- Total $REAP Allocation: $100,000
- IDO Price: $0.013
- Paid Currency: SUI
- IDO Launchpad Date: August 7th
- Token Distribution Date: August 10th
- Exchange Listing Date: August 10th
**XUI Staking Snapshot: August 5th, 04:00 UTC
(Ensure you stake at least 3,000 XUI tokens by this date to participate in the Risk Free Releap Protocol’s IDO on YouSUI)
Conclusion:
The REAP IDO on YouSUI Launchpad promises an exciting opportunity for both YouSUI Community members and the general public to participate in this innovative project. By following the staking requirements and owning the right NFTs, participants can access various tiers with distinct benefits. Moreover, the Risk-Free Model will provide added security for investors.
We look forward to welcoming all participants to this upcoming event and fostering a vibrant community within the YouSUI ecosystem.
Happy staking and good luck in the REAP IDO!
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