Genesis DAO Pre-Sale Checklist
The HOPR token launch is almost upon us. The Genesis DAO has voted, the smart contracts are built and tested. We hope you’re as excited as we are!
You can read more about the overall structure of the HOPR Launch here, but this post will focus on the presale, where 50,000,000 HOPR tokens will be available to Genesis DAO participants, at a price of 0.05 xDAI each (and an initial cap of 16,000 HOPR per participant).
Read on for more details of how to participate and what you can do to prepare.
How to Participate in the Presale
Participating in the presale is easy: just send xDAI from your Genesis DAO address to the address of the presale smart contract on the xDAI blockchain. The pre-sale price is $0.05, so you’ll receive 20 HOPR for every xDAI you send (not including gas costs of course, but on xDAI these are minimal). You can buy up to 16,000 HOPR this way (this will increase after 24hrs if the presale raises under 500,000 xDAI).
The smart contract will register your transaction, and when the claim period starts you’ll be able to claim your HOPR tokens.
It really is very simple. But there are a few things you need to check, so please read these instructions carefully. We understand everyone is very excited, but if you make a mistake your transaction may fail.
Once you’re ready to get started, you can visit our launch widget at https://hoprlaunch.eth.link/ for the details you’ll need, like the contract address.
Make Sure You’re Eligible to Participate
The presale is open to Genesis DAO participants only. If you didn’t participate in any of the DAO votes but still think you’re eligible, because you took part in a HOPR incentivized testnet, you can check whether you’re in the Genesis DAO here. This is the only way to participate.
If you’re not a DAO participant, don’t worry! Everyone else can participate in the HOPR launch from Phase 2 onwards, starting February 24th.
Make Sure the Presale is Running
It may seem obvious, but you can only participate in the presale when the presale is actually open!
The presale will be live from 14:00 CET on February 21st and will close at 14:00 CET on February 23rd. If you send xDAI when the presale is not running, your transaction will fail and your xDAI will be returned. You will still have to pay the gas fee.
The presale widget at https://hoprlaunch.eth.link/ shows the Unix timestamp when the sale is programmed to begin (1613912400, equivalent to 14:00 CET on February 21st)
Make Sure You Stay Within The Cap
Participation is initially capped at 16,000 HOPR per person, at a total cost of 800 xDAI. If the pre-sale hasn’t raised 500,000 xDAI after 24hrs, this cap will be raised by 50% every 3hrs until it does.
(Judging by the level of enthusiasm, though, this doesn’t seem very likely!)
Do not try to send more than the cap. If you do, the smart contract will reject your transaction. You will still be charged gas.
If you’re familiar with interacting with smart contracts, you can check how many HOPR you can buy from your address with the function:
getMaxPayment(address account)We will of course announce any updates to the personal cap on Telegram.
Make Sure You Have xDAI
The presale is being held in the xDAI stablecoin, which lives on xDAI Chain. Make sure you have the right coin. xDAI is different from DAI, and it’s different from STAKE, the proof-of-consensus coin used to secure xDAI Chain.
There are various ways to get xDAI, depending on which assets you want to convert from and how comfortable you are with tools such as bridges. There are fees associated with every method, many of which fluctuate, and which you’ll need to consider before you start the conversion process, or you may get stuck.
Also bear in mind that even though xDAI is a stablecoin, it can still temporarily drift from its $1 peg. In fact, enthusiasm for HOPR was so high immediately after the launch announcement that at one point xDAI drifted to $1.18 on the Bitmax exchange! It will always revert to $1 though.
You can swap DAI for xDAI via the official bridge.
Decentralized exchange Honeyswap also has xDAI as part of several pairs.
More centralized options include Bitmax exchange and Ramp, where xDAI can be bought directly for fiat. Very small amounts of xDAI (just enough to cover gas) are available from the xDAI faucet.
You can also type !xDAI in our Telegram channel to review some of these links. Remember that there is a cap on participation in the presale, so make sure you get an appropriate amount of xDAI. Future phases will require DAI instead.
Make Sure You’re On The Right Chain
It can get confusing switching between blockchains and different crypto assets. Most ETH-compatible wallets let you add compatible assets and switch between different chains with just a few clicks, and it can be easy to get confused. Before participating in the pre-sale, double-check that your wallet is connected to xDAI Chain mainnet.
You may need to configure xDAI Chain before you can see it in your wallet, this is usually an option called “Add Custom RPC”. The RPC details are:
Network Name: xDaiNew RPC URL: https://rpc.xdaichain.com/Chain ID: 0x64 (100)Symbol: xDaiBlock Explorer URL: https://blockscout.com/poa/xdai
Metamask is a common choice here, but there are plenty of other wallets you can use. Nifty Wallet comes with xDAI Chain pre-configured, and also lets you interact with our smart contract to verify your transaction.
Make Sure You Send From The Right Address
Only Genesis DAO participants can take part in this presale. We verify this eligibility using whitelisted addresses. Therefore, you must send xDAI for the presale from your Genesis DAO address. You can double-check that you’re using a whitelisted address by entering your address into the tool here.
If you send a transaction to the presale smart contract from an address without a gHOP token, the smart contract will reject it.
Make Sure You Send To The Right Address
This may seem obvious, but make sure you don’t send any funds to the wrong place. HOPR is generating a lot of buzz, and in crypto, that means a lot of attention from scammers. Make sure to only use the information from the dedicated launch widget at https://hoprlaunch.eth.link/
The contract listed there is the only presale address and contract. If you see any claims that there’s a second address or that this has changed, it’s a scam. If you send money to any address other than the official one, you will likely lose it. HOPR and the Genesis DAO cannot be held responsible for funds lost in this way.
If you have any concerns, don’t hesitate to ask on our Telegram group, where one of the HOPR ambassadors will gladly help you.
Make Sure You Have Enough Gas
The presale is happening on xDAI chain, and participation just involves a simple transaction rather than a complex smart contract call, so gas fees are minimal, but they aren’t zero. Make sure you consider this when you get xDAI to participate. If you plan to send 200 xDAI, for example, you will need very slightly more than that to cover gas.
You’ll also need to pay gas when you come to claim your HOPR. If you’re short on gas, you can use the xDAI faucet to get the small amount you’ll need.
When and How Do I Get My Tokens?
Your tokens will be allocated as soon as your xDAI hits the smart contract address, but tokens won’t be available until after Phase 2 of the launch (the Balancer LBP) concludes on February 27th. This means you cannot use tokens purchased in Phase 1 to participate in Phase 2.
To claim your tokens, you’ll need to make a claim call to the pre-sale smart contract. Full instructions for how to do this will be published nearer the time.
What’s Next?
The presale runs until 14:00 CET on February 23rd. There’s then a break of 24hrs before we move to Phase 2, the Balancer Liquidity Bootstrapping Pool (LBP). All the xDAI collected in the presale will be converted to DAI and transferred to the LBP, along with any unsold HOPR and the 30m HOPR allocated to the LBP by the Genesis DAO. These two allocations will determine the initial price.
The LBP will activate at 14:00 CET on February 24th and is open to everyone, including presale participants. It will close at 14:00 CET on February 27th. HOPR purchased during the presale can be claimed after that. A separate blog post dealing with the Balancer LBP will be released next week.
To celebrate the public launch, we have a global media event running from 9:00 CET on February 24th. We’ll be hopping around the world to ten different destinations, with different events featuring local communities and media every hour. There’s also a contest to win HOPR tokens and our grand prize of a trip to Switzerland and a visit to the HOPR offices and Jungfrau, the mountain which gives its name to our next HOPR release.
However you choose to participate, we couldn’t be happier to have you along for the ride!
Rik Krieger
HOPR Co-Founder
