Convergence Finance x Polkastarter: Lithium Finance Dual Pre-IDO Details

Convergence Finance
Convergence Finance
3 min readJun 16, 2021

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Proud to announce the details of our first pre-IDO sale in collaboration with Lithium Finance. Our pre-IDO will take place on ConvO and Polkastarter, our official pre-IDO partner. Exchange after pre-IDO offering will take place on our AMM, ConvX.

Timeline

Pre-IDO Sale Details

  • Pre-IDO Date: 24/06/2021
  • Token Ticker: $𝑓LITH
  • Total Pre-IDO Allocation: 100,000 USD, of which:
  • Convergence Premium Pool: 40,000 USD
  • Convergence Public Pool: 30,000 USD
  • Polkastarter Pool: 30,000 USD
  • Pre-IDO Price: 0.0045 USD
  • Max Cap / Person: 200 USD
  • Pre-IDO Venue: ConvO & Polkastarter
  • Redemption date: ƒLITH redeemable for LITH at the rate of 1:1, six months after the pool closes
  • After the pre-IDO, ƒLITH will be tradable at ConvX, our native AMM

Whitelisting application available at:

Note

  • Only whitelisted addresses will be able to access ConvO and ConvX for the Lithium Finance pre-IDO sale in both premium access and public pools.
  • Eligibility criteria for Convergence Finance’s premium access can be found here; Convergence Finance uses a weighted lottery system to ensure fair access while rewarding early supporters of the Convergence Ecosystem.
  • Public pool whitelisting spots will also be lottery based.
  • Eligibility criteria for Polkastarter pool can be found here.
  • Successful whitelist applicants will need to pass KYC and AML requirements.
  • Citizens from the following countries will not be eligible to take part in our pre-IDO process: Botswana, Cambodia, Comoros, Ethiopia, Ghana, Iran, Iraq, North Korea, Pakistan, Panama, Seychelles, Sri Lanka, Syria, Thailand, Trinidad & Tobago, Tunisia, USA, and Yemen.
  • There will be slightly more whitelisted addresses than there are pre-ido sale spots. Allocation will be secured on a first come first served basis. The extra whitelisting addresses are meant for filling up those allocated spots that are given up.
  • KYC emails will be sent via our official email, admin@conv.finance. If you receive any communication prior to 21/06/2021 asking for KYC or any personal information, it is NOT Convergence Finance. We will also never ask for funds or your seed etc.

Further Details

  • Read more about our collaboration with Lithium Finance here
  • Read more about our views on pre-IDO here

About Convergence Finance

Convergence is the first AMM to make private token interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables originators to take advantage of DeFi’s liquidity, while DeFi users can access exotic private exposure unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.

Official Links

Website / Discord / Telegram / Twitter / Litepaper

About Polkastarter

Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.

With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.

Official Links

Media Contact Polkastarter: press@polkastarter.com

Website | Telegram | Medium | Twitter | Instagram

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