Guide: How To Participate In the IDOs On ETHPad

ETHPad is the first decentralized and deflationary IDO platform inspired by EIP-1559 on Ethereum.

As part of our commitment to the success of the IDOs launched on the platform, ETHPad has several deflationary triggers tied to selling, staking, and IDO participation which helps to reward long-term holders and promote the stable growth of the platform.

Today, we review the steps required to participate in the IDOs on ETHPad.

How to obtain your tier and participate in an IDO

Integration and accessibility are two core values ETHPad has been built around. As such, project token offerings are split into three classes:

Class 1: 5% of the token pool is allocated to the public, where anyone can participate by completing a few simple tasks. No $ETHPAD tokens are required to take part.

Class 2: 10% of the token pool is allocated to the lottery tiers, which includes anybody that has staked between 5,000 and 25,000 $ETHPAD tokens. Participants net one lottery ticket for every 5,000 tokens staked.

Class 3: 80% of the token pool is allocated to the guaranteed tiers, which includes anybody that has staked between 120,000 and 500,000 $ETHPAD tokens. The amounts split between each tier is calculated via pool weight distribution. The highest tier (i.e. Diamond tier) also receives private allocations in the IDOs. For a detailed explanation of the tier system, see our comprehensive guide.

Now that you’re up-to-date on the tier system, it’s time to take a look at the eligibility criteria. This process can be summed up in three simple steps:

  1. Decide on a tier and buy the $ETHPAD tokens. To do this, visit ETHPad and use the official link for Uniswap and Pancakeswap. Please note: to qualify for the lowest lottery tier, a minimum of 5,000 $ETHPAD tokens is required, whereas a minimum of 120,000 $ETHPAD tokens is required for the guaranteed tier.
  2. Stake your $ETHPAD tokens at least 3 hours before the IDO. To do this, visit the ETHPad staking platform.
  3. Pass the one-time KYC process. KYC verified users see a green KYC button on the ETHPad website and will have received an approval email from KYCAID. Please note: tiers must KYC at least 24 hours before the IDO and stake a minimum of 5,000 or 120,000 $ETHPAD tokens for the lottery and the guaranteed tier, respectively.

Quick recap: To participate in ETHPad IDOs, follow the three simple steps outlined above: Get your ETHPAD, stake it, and complete KYC. That’s it — you can now take part in our stacked line-up of upcoming IDOs!

For the latest news and updates, keep in touch via the social links below.

Website | Telegram | Twitter

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store