How to Participate in an IDO on Babylons?
This part must be the one you are waiting for! Let’s see the requirements step-by-step to join an IDO on Babylons!
Don’t forget! Babylons offer several IDOs on its platform. In order not to miss those opportunities you should regularly follow Babylons.
- First things first, in order to participate in an IDO, you need to have a wallet. There are several trusted and well-known wallets around that you can choose among. However, MetaMask is the most notable wallet among others. You need to have a MetaMask wallet first and for this, you need to open an account.
- First, download the MetaMask extension via the link: https://metamask.io
- Open a wallet, be sure that you keep your recovery code safe, and don’t share it with anyone.
- Then go to https://babylons.io.
- Connect your wallet.
- Buy and stake enough $BABI tokens to be eligible for IDOs.
- In order to buy $BABI token, you can use; https://apeswap.finance/swap.
- Remember, you need to hold some tokens depending on the network you use. You will pay for the transactions you make on the Babylons platform via BNB. That’s why you need to keep BNB in your wallet for gas fees.
- After purchasing $BABI, you must stake your $BABI tokens in any of the pools at http://babylons.io/staking.
- Congratulations, you are now eligible for IDO!
- Go to Babylons Launchpad page.
- If you have staked enough $BABI when the date of the IDO you want to join, you will have the right to buy tickets that will be given to you in NFT format. The number of tickets allocated to individuals according to the amount of staked $BABI is given below.
- The total amount you can invest in IDOs depends on the number of tickets you have and the value of the tickets. For example, in an IDO where the ticket is $10, an investor at Hanging Gardens Level gets a total of 20 tickets. This gives him the right to invest a total of $200.
- If you have completed all these procedures, you can participate in the upcoming IDOs via Babylons platform, congratulations!
Stake Levels & Ticket Allocations
The levels are named accordingly to our gamification and DAO narrative which will influence the artworks of the upcoming Babylons NFT Collection and have perks in Babylons P2E Alpha Game.
I. Phlegethon Level
- Required Staked $BABI Amount: 250
- Ticket Allocation: 1
II. Styx Level
- Required Staked $BABI Amount: 1,100
- Ticket Allocation: 4
III. Acheron Level
- Required Staked $BABI Amount: 2,200
- Ticket Allocation: 7
IV. Fountain of Youth Level
- Required Staked $BABI Amount: 3,500
- Ticket Allocation: 12
V. Hanging Gardens Level
- Required Staked $BABI Amount: 6,600
- Ticket Allocation: 20
VI. The Tower Level
- Required Staked $BABI Amount: 11,500
- Ticket Allocation: 30
VII. Moon Level
- Required Staked $BABI Amount: 18,000
- Ticket Allocation: 50
IIX. Primum Mobile Level
- Required Staked $BABI Amount: 33,500
- Ticket Allocation: 80
IX. Empyrean Level
- Required Staked $BABI Amount: 50,000
- Ticket Allocation: 100
Babylons — Purgatory — Citizen Level
This level is only for Babylons Discord members. Being active in our community, helping each other, providing good material and creating positive vibes etc. will get you XP on our server which helps you rank up and get specific roles on our Discord. These roles identify your position in Babylons DAO system and have specifics perks like whitelisting for Babylons IDOs.
- Requirement: Reaching at least Level 6 in Babylons Discord Server
- Ticket Allocation: 10
Intergalactic Alliance Level
This level is forged for strong partnerships in multiverses. Babylons closes partnership deals with various NFT projects on daily basis. We have spared a limited quota for our partners to issue special NFTs that we whitelist as an IDO-Pass on our launchpad events.
Our pilot partner was FOMO Chronicles and as we come closer to release the Official Babylons NFT Collection, we will have more NFTs from partners to be whitelisted under the Intergalactic Alliance Level which will create even more awareness on multiple corners of the various metaverses.
- Requirement: Holding at least one whitelisted Babylons Partner NFT (e.g. Babylons Manga — Ninth Edition)
- Ticket Allocation: 10
A New Approach to IDOs — Allocation Trading
Thanks to the Allocation Trading feature we offer as Babylons, you can sell your IDO entry rights in NFT format before listing of the project, so you can earn a certain amount of profit even from projects you do not want to invest in.
This also means you can participate in IDOs without staking the required number of $BABI tokens! You can join IDO if you buy the right to enter the project in NFT format on Babylons secondary market before listing of the project!
About Babylons
Babylons is the ultimate GameFi destination, pioneer launchpad, blockchain tooling provider, and NFT platform with its 100+ gaming partners and a young and active following of GameFi enthusiasts. For its gaming partners, Babylons offers INO hosting, IDO hosting, and secondary sales services tailored to their exact needs. Babylons has a vibrant gaming community that is eager to participate in new gaming projects private, and public token offerings & IDOs; while the platform aims to democratize this process with its innovative mechanisms.
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