Seascape SHO guidelines
The DAO Maker team is excited to introduce our new refundable Strong Holder Offering (SHO) — Seascape.
Seascape SHO will continue the series of refundable SHOs at DAO Maker. Learn more about the rSHO framework.
Check our research page on Seascape — https://daomaker.com/sho/seascape
SHO Contributor Rules:
Only whitelisted wallets are allowed to send funds. If you have won a ticket and contribute from a different wallet than the whitelisted wallet, your transaction will be refunded. In order to qualify for registration, your whitelisted wallet will need to hold at least 500 USD worth of tokens (excluding ETH) in your wallet or Liquidity Pools on Balancer/Uniswap.
Participants have until the 27th of January at 12:00pm UTC to connect their whitelisted wallet via Metamask. We highly recommend using your most active wallet to register for the SHO. Each wallet will be scanned using our chain analysis tool kit. Each wallet will earn a score based on the following criteria:
Main criteria 80%:
Total USD denominated value users who have been acting as Uniswap LPs to all tokens with the exception of Ethereum pairs and the overall amount of USD denominated value of token held and their holding duration.
Bonus points 20%:
Earn additional bonus points for holding NFT related coins or erc-20 DAO community coins for more than 60 days, these included: UOS, CHZ, RARI, SAND, OPT, ORN
The top 120 wallets will be informed by email and on our social mining platform that they can move onto the KYC & AML onboarding. Once approved, users will be able to contribute 500 USDC to the Seascape SHO.
Twenty percent of raised funds will be given directly to the project, while 80% is held in secure custody for 6 months. These funds are dedicated to refunds in case the $CWS token price drops below -20% from the initial public sale price.
The public sale price of Seascape token — Crown will be 1 USD/CWS.
There will be one public round at this SHO
Round Allocation: $60,000 (60,000 CWS)
We will run a chain analysis on all opted-in participants and we will choose the ones who are proven to be long-term token holders.
The allocation size for Seascape SHO is 500 USD per participant.
The winners will be required to pass KYC & AML and contribute in USDC to the provided SHO wallet. Please see the KYC requirements before signing up. Users will have 24 hours to pass KYC and send funds or lose their ticket to someone else.
Citizens and residents of the following countries are not eligible to participate in the event:
Afghanistan, American Samoa, Bahamas, Barbados, Bosnia and Herzegovina, Botswana, Cambodia, China, Ghana, Guyana, Iran, Iraq, Jamaica, North Korea, Laos, Libya, Mauritius, Mongolia, Myamnar, Nicaragua, Pakistan, Panama, Puerto Rico, Sri Lanka, Sudan, Syria, Taiwan, Trinidad and Tobago, Uganda, Vanuatu, United States, U.S. Virgin Islands, Yemen, and Zimbabwe
How to participate
Step 1: Head to this link and sign in to your wallet . (Sign-ins are open from 25.1.2021 at 12:00pm UTC to 27.1.2021 12:00pm UTC)
Step 2: Connect your most actively used ERC-20 wallet for registration. We will run a chain analysis on your wallet and all the tokens that you hold.
Step 3: Your total holding score will be calculated and you will get a ticket assigned if your Metamask wallet has more than 500 USD worth of tokens on it.
Step 4: On January 27th, at 14:00 UTC the results will be announced. The 120 winning participants with the highest scores will be invited to pass KYC and send 500 USDC (exact amount) to the provided wallet. You will have 48 hours (until January 29th, 14:00 UTC) to pass the KYC and transfer the funds.
Step 5: Seascape (CWS) tokens will be distributed on the announced date to the winners’ wallets.
- Inside 6 months after the Token Distribution Event date, whitelisted participants can send 100% of their purchased $CWS tokens to the refund contract and will receive 80% of their funds in return.
- If the price of $CWS remains above 200% of the ICO price for 4 months, refunds will automatically be canceled.
- All participants will be able to apply for a refund for one week, via the DAO Platform.
- In order to claim a refund users can only send tokens from their SHO winning wallet.
- All reimbursed tokens will get burned.
25.01.2021 (12pm UTC) — SHO starts — Wallet sign-in is open
27.01.2021 (12pm UTC) — Wallet sign-in deadline
27.01.2021 (14pm UTC) — Announcement of winner’s tickets / KYC/AML invitation / Funds collection starts
29.01.2021 (14pm UTC) — Deadline for KYC/AML and sending funds
TBA — Token distribution event
Seascape Website: https://www.seascape.network/
Telegram Chat: https://t.me/daomaker