Dear Fantom DAO Community!
We are honored to share our updated launch roadmap for Fantom DAO.
We plan to highlight everything you need to know about our IDO (Initial Defi offering). We will be explaining why we are doing an IDO, how it is going to operate, and the allocations.
We aim to be the most community-friendly innovative decentralized reserve currency protocol in the Fantom environment. Our investors’ safety, easiness, and sustainability is our main concern. We aim to achieve optimal wealth creation through ‘Staking’ and ‘Bonding’. Fantom DAO overcomes the limitations of first-generation reserve currency protocols, as most of the liquidity pool is owned by the protocol. Our native token $MAGIC is backed by a basket of assets of our treasury, making sure the floor price is in a positive trend at all times.
Vision Statement
We aim to provide a sustainable financial model utilizing the token economy of $MAGIC token along with its NFTs. Acting as a Decentralized Autonomous Organization, we prepare to help people in the greater community to have reliable sources of return to their investments. By utilizing (4,4) game theory, we aim to consistently give out rewards to our holders and grow our community.
Before the takeoff together, let’s answer some common questions:
Why IDO?
- IDOs have the ability to prevent some very important things, such as project attack protection. Many projects are destroyed as a result of bot attacks, which eliminates the fairness of participation for people. Fantom DAO strives to create a level playing field for all participants, which is why we believe IDO has a wider appeal.
- Fantom DAO also aims to grant additional liquidity to the native token by the funding done by the IDO rounds, so the price of the native token is more stable by any means.
- We aim to do everything in high quality, hence the infrastructural costs have been a lot, so some of the IDO will go to our treasury and help us do improvements on our project.
- IDO provides established funds for our marketing, partnerships, and all levels of further development. We will be exceptionally well prepared for our buildout when the IDO sells out.
IDO Details
Pricing:
$20 per token for Whitelist Sale / $25 per token for Public Sale
We set the price in a way that everyone who trusts Fantom DAO has a chance to collaborate in this presale and receive good returns.
Supply and Allocation:
Initial Circulation Supply: 60,500 $MAGIC
- Whitelist IDO: 22,500 $MAGIC
- Public IDO: 22,000 $MAGIC
- Initial Liquidity: 16,000 $MAGIC
There will be no team or investor allocation in the IDO.
IDO Usage:
40% — Initial Liquidity
40% — Treasury
20% — Developments and Partnerships
The IDO Plan:
The IDO is split into two stages, including a whitelist round and a general public round.
- The whitelist round is only open to individuals who have met specified criteria and have received the whitelist qualification.
- Anyone can participate in IDO to purchase a $MAGIC token during a standard public round.
The IDO will be held on Fantom DAO’s website: https://www.fantomdao.finance/
1. Whitelist Round
There are a total of 300 addresses for the whitelist, and the details are as follows:
- Participants: Person who owns the address selected as the whitelist
- Token quantity: Up to 22,500 $MAGIC token
- Token Price: $20 worth of FTM
- Quota per wallet: Up to 75 $MAGIC tokens FTM ($1,500 worth of FTM)
Whitelist Quantity Distribution
There are 4 ways to get a whitelist spot.
1) Social Media Promotion: 200 Addresses (By Quality)
Creating and promoting Fantom DAO promotional content through any social media channel will count towards the whitelist spots.
e.g. Twitter, Telegram, Kakao Talk, TikTok, Instagram, YouTube, and blog, using links or screenshots
➡ Submit your entry to the google form below:
https://forms.gle/QT6BHXXSFdSWtQUb9
2) Discord and Telegram Activity: 50 Addresses
The team will handpick all the winners of this category based on the support that a certain individual has given to our project and is contributing actively to our platforms.
➡ Join our Discord here: https://discord.gg/Zhveyvu2ET
3) Giveaway: 30 Addresses
You can participate in the giveaway through Gleam.io.
➡ Giveaway link: To Be Announced
4) Meme Contest: 10 Addresses (By Quality)
Make memes and videos using Fantom DAO’s name and logo, and submit them below to grant yourself more allocation for the whitelist round:
➡ Meme Contest Details: https://twitter.com/Fantom_DAO/status/1490303125139640321
2. Public Round
There is no limit to the addresses that can participate in the public round:
- Participants: Anyone
- Token quantity: Up to 22,000 $MAGIC tokens
- Token Price: $25 worth of FTM
- Quota per wallet: None.
Timeline
Whitelist application period: until February 20th
Whitelist Selection Announcement: February 21st
Whitelist IDO: February 22nd — February 23rd
Public IDO: February 23rd
$MAGIC Token Claim: February 24th
UTC time for each timeline — To Be Announced.
