Introducing the Boost Allocation Button:
In December 2023 we introduced Public USDT oversubscription IDOs. Anybody can participate and each wallet can deposit up to $10,000 USDT. If we increase our Liquidity with another $1M USDT we will consider increasing the maximum to $25,000 USDT per wallet — kyc.
We will test out a new system to boost sustainable conversions of USDT to new $DAO stakers.
The Boost Allocation button allows new users to increase their allocations by 500% in exchange for having their USDT swapped into DAO for 48hrs.
After the IDO ends, participants can withdraw their DAO and swap them back to USDT or keep them on the contract. Users that keep their tokens on the contract will be given DAO Power allowing them to instantly join the Private IDOs for DAO Stakers.
On average we had approximately $15M USDT in our Public Pools from around 3000 users. In order for us to keep building out the feature we would hope to see at least a 2% — 3% conversation rate ($300k USDT Swapped to $DAO) per IDO.
Next Steps:
We will test the system out on Friday and then will adjust the boost if necessary or we might remove the system altogether. It is only a test for now. The impact of such a change could be dramatic and we will attempt to be careful.
