All Vested IDOs on Meeiro will be protected with the Meeiro Protect. This feature was imagined by our team in order to ensure that they were providing the fairest opportunities and platform integrity to both our investors and the projects that we launch.
With Meeiro Protect, your original IDO investment is protected by Meeiro, here’s how:
If the project’s Token Price is below Pre-Sale on any Vested Unlock Day within the Vesting Schedule, IDO Sale participants will be refunded their original investment by Meeiro in USDC of equal value to the Pre-Sale price for that unlock.
If the project’s Token Price is below the Pre-Sale value for 2 consecutive Vesting Unlock Days (e.g. Month 2, Month 3), participants will be reimbursed their remaining investment amount in USDC by Meeiro for all remaining Unlocks and the vesting schedule will be terminated.
How does Meeiro Protect work?
We’ll demonstrate an example of Meeiro Protect in practice with TOKENS IDO as an example.
Sale Type: Vested | 50% at TGE, 2 months linear vesting (25% monthly)
Token Price: 1 USDC
Here’s 3 examples to demonstrate how Meeiro Protect works.
Here’s what a Successful / Normal Vested IDO breakdown would look like with Meeiro Protect
So, if you had purchased $100 USDC of $TOKEN at 1 USDC during the IDO, you would be able to claim 100 TOKEN in total. First, 50% at the TGE on September 14th, 2022 (50 TOKEN) and then 25% the next 2 months following (e.g. November 15th: 25 TOKEN, October 15th: 25 TOKEN).
Here’s what a Partially Refunded Vested IDO breakdown would look like with Meeiro Protect
However, if the Vesting Unlock period was longer than 2 months (e.g. 3 months, and the Token failed to meet or surpass its Pre-Sale price for 2 consecutive months, the vesting schedule would be terminated and all remaining unlocks would be reimbursed to the investors.
How Meeiro Protect helps Projects & Investors
Vested sales are a great tool for projects launching with a clear development plan and who are hungry for long-term success.
It helps projects bring early stability and prevent predatory pump and dumps. This empowers projects to hit the ground running and ensure that they have the opportunity to launch and prove their utility to users and investors without having the rug pulled out from under them.
Likewise, Vested IDOs for retail investors are often met with more skepticism than Fully Unlocked IDOs. This is because without the proper control mechanisms, a few selected projects in the past have abused the Vested IDO structure, or not fulfilled their responsibilities as a functional protocol, therefore leaving investors with pennies on the dollar at an unlock months after the IDO.
Meeiro Protect solves these pain points for both projects and investors. It allows the ambitious and carefully selected projects that Meeiro launches to utilize vested IDOs within their launch strategy, while also protecting our Investors from any FUD associated with Vested IDOs.
Meeiro
The Meeiro platform is a decentralized IDO launchpad on Aptos. The platform will introduce decentralized fundraising, token staking and governance voting to the Aptos ecosystem.
We are placing high emphasis on both the UI and UX, as we believe these two are the core features that are missing or not prioritized within the DeFi space. These are the most important factors to consider when onboarding new(bie) users to the Aptos ecosystem.
Get to know Meeiro!
Discord: https://discord.gg/TU8EsdxBbr
Twitter: https://twitter.com/Meeiro_xyz
