Simple tech, process and structure.
IAO Launchpad: Empowering New Projects on the Arbitrum Network
We’re proud to announce that AlienFi’s IAO Launchpad is here and ready to launch new upcoming projects on Arbitrum!
AlienFi’s IAO Launchpad is a decentralized fundraising platform where our team of experts carefully vet each project and their teams, providing investors with confidence that they are investing in a vetted team & project.
Eligibility Criteria For Investors
-Lock 500 $ALIEN tokens in Time Lock stake $ALIEN to earn $ALIEN pool.
-Lock duration must be 4 weeks minimum, and you can increase the duration if you want.
-If your lock duration is expiring before 4 weeks, then you won’t be eligible for the contribution.
-These tokens must be locked before the screenshot is taken, and the screenshot will be taken 5 days prior to the launch.
Guidelines For Participation
To participate in the new launches on AlienFi, users must have ETH on Arbitrum Network in their wallets as it will be the main currency which will be used for fundraising.
Head over to the IAO page whenever a new IAO is announced and is about to go live, connect your wallet, approve the contract (if you’re contributing for the first time) and then contribute ETH.
It is suggested to contribute your ETH by keeping the total raised funds in mind as the launches are based on the overflow method. The overflow method is not FCFS, which means investors can contribute their ETH anytime as long as the IAO is live and running.
The total contribution amount can exceed 100% of the Hard Cap, and users will get tokens according to the following formula:
(ETH Contributed By You/Total ETH Contributed) * Number of tokens up for sale.
Any unspent ETH will be returned back to the investors.
To learn more about the overflow method and see examples, feel free to check out details in AlienFi docs.
Website: www.alien.fi
Socials: http://linktr.ee/alienfi