We are really excited to have the BIGGEST Launchpad IDO on Solrazr . We know our community is exuberant to know about the whole process of Participating in the IDO .
Here are the important details of the IDO :
- Token: GARI
- Accepted: USDC (SPL Token)
- IDO Token Price: $0.4
- Total number of tokens: 40M
- Total IDO Pool size: $16M
There are two kinds of POOLS where an individual user can participate:
SolRazr Community Pool
- Pool size: $4M
- Number of tokens: 10M
- Token Price: $0.4
- Vesting: 50% unlocked at TGE and 50% after 12 months
- IDO opens: Dec 15, 2 PM UTC
- IDO closes: Dec 16, 2 PM UTC
- Requires SOLR to be staked. Stake NOW!
Open Community Pool
- Pool size: $12M
- Number of Tokens: 30M
- Token Price: $0.4
- Vesting: 33.3% unlocked at TGE and 66.7% after 12 months
- IDO opens: Dec 16, 2 PM UTC
- IDO closes: Dec 18, 2 PM UTC
IDO Process
This guide will explain everything you need to know about participating in the GARI Token Sale (IDO) on SolRazr. The IDO will take place in 2 phases :
- Phase 1 (15–16th December)is the SolRazr Pool which is accessible to only those who stake SOLR.
- Phase 2 (16–18th December) is Open Pool, where anyone can participate.
KYC is mandatory for both the pools. While you are allowed to participate in the IDO, you will receive GARI tokens only upon successful verification of KYC
Please check the last section of this article for more information on KYC.
1. Participating In SolRazr Community Pool
Please note that participation in this pool requires $SOLR to be staked. You can stake SOLR at solrazr.com/staking
Full Staking guide is available here.
1.1 Staking Requirements & Allocation
Your allocation is capped based on how many SOLR you stake (tier you belong to) and the number of weeks you stake (tickets you earn). Minimum allocation for all tiers is $100.
Tier 0 (Soil): Allocation is capped at $625 per ticket you hold. Maximum allocation is $5,000 if you are holding 8 tickets.
Tier 1 (Seed): Allocation is capped at $3,125 per ticket you hold. Maximum allocation is $25,000 if you are holding 8 tickets.
Tier 2 (Sapling): Allocation is capped at $12,500 per ticket you hold. Maximum allocation is $100,000 if you are holding 8 tickets.
Tier 3 (Tree): Allocation is capped at $100,000 for 2 tickets you hold. Maximum allocation is $250,000 if you have more than 2 tickets.
Tier 4 (Mighty Oak): Allocation is capped at $250,000 for 2 tickets you hold. Maximum allocation is $500,000 if you have more than 2 tickets.
You can stake anytime before the IDO opens as tickets are granted to you instantly based on how many weeks you select for staking. No need to stake days or weeks in advance, although we advise to stake as early as possible to avoid last minute rush.
1.2 IDO on 15th Dec, 2PM UTC
Please note that, unlike our other IDOs, there is no whitelist or lottery system for GARI token sale. Once you stake, you can come directly on the day of the IDO to participate in the token sale. The IDO is on First-Come-First-Serve (FCFS) basis.
Step 1: Connect Your Wallet
Please visit https://solrazr.com/projects/chingari and connect your wallet to start the IDO process. You can connect by choosing your preferred wallet. We support Sollet and Phantom. Sollet is an open-source wallet for advanced users and developers. But, We highly recommend using Phantom as its easy to use and has more built-in security features.
Step 2: Trust, But Verify
Once you are connected, your Solana wallet address will be displayed in the top right. Please verify if it is the correct address and then proceed to purchase by clicking on the purchase button.
Step 3: Ensure Your Wallet Is Funded
Please ensure your wallet is sufficiently funded with SOL (at least 0.01 SOL) and the right amount of USDC required to purchase GARI tokens.
Step 4: Almost There!
When you click on “Purchase,” you will be prompted to approve a transaction on your wallet. Once approved, your token purchase is successfully completed.
Step 5: Zero Zip Zilch Nada
Congratulations, you have successfully participated in Chingari IDO and purchased GARI. Token distribution dates will be announced soon. If you have any questions, hit us up on Telegram.
2. Participating In Open Pool
The Open community pool is open for everyone, there is no need to stake SOLR.
2.1 Allocation
Allocation in the open pool is capped at $500,000 per user. Minimum allocation amount is $100.
2.2 IDO on 16th Dec, 2PM UTC
Please note that, unlike our other IDOs, there is no whitelist or lottery system for GARI token sale. Once you stake, you can come directly on the day of the IDO to participate in the token sale. The IDO is on First-Come-First-Serve (FCFS) basis.
Step 1: Connect Your Wallet
Please visit https://solrazr.com/projects/chingari and connect your wallet to start the IDO process. You can connect by choosing your preferred wallet. We support Sollet and Phantom. Sollet is an open-source wallet for advanced users and developers. But, We highly recommend using Phantom as its easy to use and has more built-in security features.
Step 2: Trust, But Verify
Once you are connected, your Solana wallet address will be displayed in the top right. Please verify if it is the correct address and then proceed to purchase by clicking on the purchase button.
Step 3: Ensure Your Wallet Is Funded
Please ensure your wallet is sufficiently funded with SOL (at least 0.01 SOL) and the right amount of USDC required to purchase GARI tokens.
Step 4: Almost There!
When you click on “Purchase,” you will be prompted to approve a transaction on your wallet. Once approved, your token purchase is successfully completed.
Step 5: Zero Zip Zilch Nada
Congratulations, you have successfully participated in Chingari IDO and purchased GARI. Token distribution dates will be announced soon. If you have any questions, hit us up on Telegram.
KYC Process
Here is a Complete Summary to fully understand the KYC requirements for the GARI IDO :
- GARI KYC will open on 7 Dec, 2PM UTC and will remain opened till 23 Dec, 2PM UTC.
- SolRazr will have a separate KYC for GARI IDO. SolRazr has partnered with Fractal. They will post the new KYC link shortly on their website. If you have already done KYC on SolRazr before, then there is no need to do the GARI KYC.
- Please note that SolRazr KYC is different from GARI KYC. SolRazr KYC makes you eligible for all IDOs including GARI. However, if you are doing the GARI KYC specifically, then you are eligible only for the GARI IDO. For other IDOs, you are required to complete SolRazr KYC.
- You can participate in the IDO while your KYC is not complete. However, GARI token distribution will be done only for the people who complete the KYC Process.
- If your KYC is not completed by 23 Dec, you will be refunded with the IDO purchase amount.
Here is the SolRazr KYC Link : https://solrazr.com/#KYC. If someone goes through this , then they are eligible for all the upcoming IDOs.
Other Important Information
- Please note Non-accredited US Investors are not allowed in the IDO
- Token Distribution Dates : TBA
- SOLR is required if you are participating in the SolRazr Pool. Whereas, SOL is required for transactions on Solana. (Gas Fees)
- You can acquire SOLR, which is listed on Kucoin, Gate and Raydium to stake and participate in the SolRazr Community Pool.
- You are Advised to fund your wallet sufficiently with SOL (at least 0.01 SOL). You can acquire SOL from Centralized Exchanges like FTX, Kucoin or Binance. You can also get it from Serum based DEXs.
