Nov 3, 2021
Meta Spatial Update: $SPAT Dual IDO on Red kite & GAMEFI | $SPAT IDO | Whitelisting Details
Meta Spatial is all geared up to launch one of its native token $SPAT on a tremendous Dual IDO setup on Red Kite and Gamefi. Scroll through this article to gather all the information regarding Meta Spatial, $SPAT, and its upcoming Dual IDO.
Meta Spatial is a virtual universe inspired by Sci-Fi novels that consist of numerous spaces linked together by the spatial portal to develop a virtual universe that would enable gamers from all over the world to create, play, share, and trade in a decentralized environment harnessing the power of the metaverse.
Please refer to our previous article for those who want to learn more about Meta spatial.
Meta Spatial has been working on several different partnerships over the past few weeks and has ultimately secured a good relationship with its followers by keeping them updated on its recent activities, and to continue its developmental activities, Meta Spatial has announced conducting a Dual IDO on two prominent platforms for one of its native tokens called $SPAT.
Here are the platforms and dates $SPAT is going live on.
1. Red Kite by Polkafoundry
Whitelisting dates — 2nd November — 4th November.
IDO Date — 5th November.
2. Gamefi
Whitelisting dates — 2nd November — 4th November.
IDO Date — 5th November.
Before we get into the IDO details, let’s learn something about $SPAT.
$SPAT is one amongst the native token of Meta Spatial, $SPAT serves multiple functions within the Meta Spatial universe.
$SPAT is a BEP-20 token functioning under the Binance smart chain network.
$SPAT has been implemented keeping the following form factors in mind; here is the core purpose of it.
- Staking — Gamers would have all the privilege to stake their tokens to earn some passive income, the majority of the fees generated from trading $SPAT will be specially allocated as rewards for stakes.
- Governance — Users who hold $SPAT have the special ability to take part I the platform’s governance decision by casting votes.
- Primary Source of exchange — $SPAT will be the primary source of exchange within the platform using which users can buy/sell NFT’s and other stuff.
Here are some token details of $SPAT
· Token Name: Meta Spatial
· Token Ticker: $SPAT
· Token Type: Utility/Governance
· Token Network: BEP-20 (BSC)
· Total Supply: (If you get information add it here)
· Market Cap: (Or else delete these two.)
DUAL IDO for $SPAT
To make sure all the members of the community get a fair chance at participating in the IDO, Meta Spatial has set up a DUAL IDO on two major and prominent launchpads.
IDO on Red Kite by Polkafoundry
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem.
Red Kite would conduct two IDO Pools for $SPAT, IDO Pool & Community pool in which IDO Pool would require Whitelisting process and Community Pool would remain open for all.
IDO Pool
To participate in this pool all users must undergo a whitelisting procedure by completing some set of tasks and will also need to be a DOVE member within the Red Kite Ecosystem.
The IDO begins on 5th November 2021 and will take place in two phases.
- Phase 1 (Guaranteed allocation) begins at 12:00 PM UTC and ends at 01:00 PM UTC
- Phase 2 (FCFS) — begins at 01:00 PM UTC and ends at 01:15 PM UTC
In this pool, a total allocation of $132,000 $SPAT would go on sale at a mere price of $0.1 per $SPAT.
Here are the different tiers within the red Kite ecosystem.
Whitelisting Procedure.
IDO Pool requires Whitelisting procedure and must complete some set of tasks to be eligible.
The whitelisting procedure begins at 5:00 AM UTC on 2nd November 2021 and will end at 1:00 PM UTC on 4th November 2021.
How to get whitelisted.
Step 1
- Follow Twitter accounts: @MetaSpatial_io and @PolkaFoundry,
- Join community groups: @metaspatialgroup and @PolkaFoundry,
- Subscribe to announcement channels: @metaspatialANN and @PolkaFoundryANN.
- Like and retweet the IDO announcement tweet with hashtags #RedKite #MetaSpatial $PKF $SPAT
Step 2
· Register an account on the Red Kite website.
Step 3
· Stake PKF to claim your red kite tire (Minimum DOVE)
Step 4
Select Meta Spatial IDO Pool, Complete the KYC Procedure, and apply to get whitelisted by inputting your Twitter and telegram details.
Community Pool
This pool is open for all and does not require any whitelisting procedure, KYC, or Tires, users are only required to complete the red kites gleam task and upon being eligible Red kite team would randomly pick 500 lucky members from the pool and allow them with allocations.
The competition begins at 05:00 AM UTC on 2nd November where users will be given time until 1:00 PM UTC on 4th November to complete the glean activities.
Sale duration: 1:15 PM UTC to 1:30 PM UTC on 5th November 2021.
Community Pool Details
· Total allocations: $3,000 $SPAT
· Number of winners: 500
· Number of available slots: 100
· $SPAT Price: $0.1
· Slot value: $30
How to be eligible for the community pool?
Follow the steps below to participate.
Step 1: Visit the competition gleam page
Step 2: Complete the form with duly filled details.
Step 3: Like and retweet the IDO announcement tweet with hashtags #RedKite #MetaSpatial $PKF $SPAT.
IGO On GAMEFI
GameFi is an all-encompassing hub for game finance. Its ecosystem features Yield Guilds, Launchpad, Aggregator, Marketplace, and Accelerator.
Gamefi would conduct two IGO Pools for $SPAT, IGO Pool & Community pool in which IGO Pool would require Whitelisting process and Community Pool would remain open for all.
IGO Pool
To participate in this pool all users must undergo a whitelisting procedure by completing some set of tasks and will also need to stake $GAFI within the Gamefi Ecosystem.
The IDO begins on 5th November 2021 and will take place in two-phase.
- Phase 1 (Guaranteed allocation) begins at 12:00 PM UTC and ends at 01:00 PM UTC
- Phase 2 (FCFS) — begins at 01:00 PM UTC and ends at 01:15 PM UTC
In this pool, a total allocation of $113,000 $SPAT would go on sale at a mere price of $0.1 per $SPAT.
Whitelisting Procedure.
IGO Pool requires Whitelisting procedure and users must complete some set of tasks to be eligible.
The whitelisting procedure begins at 4:00 AM UTC on 2nd November 2021 and will end at 1:00 PM UTC on 4th November 2021.
Winners will be announced on November 4th, 2021
How to get whitelisted.
Step 1
- Register and complete your KYC on Gamefi platform.
Step 2
· Buy and Stake $GAFI on Gamefi.
Step 3
· Join the $SPAT IGO pool and apply to whitelist.
Community Pool
This pool is open for all and does not require any whitelisting procedure, KYC, or ranks, users are only required to complete Gamefi’s gleam task and upon being eligible Gamefi team would randomly pick 500 lucky members from the pool and allow them with allocations.
The competition begins at 04:00 AM UTC on 2nd November where users will be given time until 1:00 PM UTC on 4th November to complete the glean activities.
Sale duration: 1:15 PM UTC to 1:30 PM UTC on 5th November 2021.
Community Pool Details
· Total allocations: $2,000 $SPAT
· Number of winners: 500
· Number of available slots: 100
· $SPAT Price: $0.1
· Slot value: $20
How to be eligible for the community pool?
Follow the steps below to participate.
Step 1: Visit the competition gleam page
Step 2: Complete the form with duly filled details.
Step 3: Refer your friends to keep earning additional 5 points.
Don’t miss out on $SPAT. The metaverse is the path to a fruitful future.
