The Impossible Finance IDO – IDIA Token Sale (Updated)
Updated Subscription Timeline:
- *Dedicated KYC Preparation Period: 2021/08/10 5:00 AM (UTC) to 2021/08/13 5:00 AM (UTC). *Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed
- Staking Period: 2021/08/13 5:00 AM (UTC) to 2021/08/17 2:10 AM (UTC). After completing KYC, stake IF into Impossible’s Launchpad staking contract which will record user’s staked IF balances within the 4 day period. User’s IF balance will be captured onchain.
- Purchase Period: 2021/08/17 7:12 AM (UTC) to 2021/08/18 6:32 AM (UTC). Subscription will open at this time for all eligible users for approximately 24 hours depending on BSC block times. Users may elect to purchase any amount of IDIA less than or equal to the allocation derived from the staking period.
- Claiming Period: 2021/08/18 13:00 PM (UTC). Users will be able to claim their IDIA allocation on the Impossible Launchpad.
For more information on the updated timeline, please go to: https://medium.com/impossiblefinance/idia-ido-updated-subscription-timeline-3e3d5fcae8ad
To our Impossible Community,
Impossible is excited to announce our FIRST project to graduate from the Impossible Incubator and participate in a public Impossible Launchpad – the Impossible Decentralized Incubator Access (IDIA) token.
Impossible’s Launchpad staking contracts will record user’s staked IF balances for 4 days from 2021–08–13 5:00 AM (UTC) to 2021–08–17 5:00 AM (UTC). The final IDIA allocation amount for each user will be determined based on their stake amount and length shortly after the staking period is over. This design was selected for the Impossible inaugural launchpad to ensure that all users can have a proportionate access into the IDIA token. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
Token Sale Details:
- Token Name: Impossible Decentralized Incubator Access Token (IDIA)
- Launchpad Sale Hard Cap: No less than 240,000 USD*
- Hard Cap Per User: 10,000 USD
- Total Token Supply: 1,000,000,000 IDIA
- Tokens Allocated to Impossible Launchpad: 4,000,000 IDIA* (0.4% of Total Token Supply)
- Public Sale Token Price: 1 IDIA = 0.075 USD (BUSD) (25% Impossible Discount)
- Listing Price: TBD – No less than 0.10 USD (BUSD)
- Token Sale Format: Staking Subscription
- Sector: Impossible Finance Inaugural Track
- Supported Staking Tracks: IF staking only
*In the event of significant oversubscription, Impossible reserves the ability to adjust the hardcap to accommodate increased user demand.
- ̶K̶Y̶C̶ ̶P̶r̶e̶p̶a̶r̶a̶t̶i̶o̶n̶ ̶P̶e̶r̶i̶o̶d̶:̶ ̶2̶0̶2̶1̶–̶0̶8̶–̶1̶0̶ ̶5̶:̶0̶0̶ ̶A̶M̶ ̶(̶U̶T̶C̶)̶ ̶t̶o̶ ̶2̶0̶2̶1̶–̶0̶8̶–̶1̶3̶ ̶5̶:̶0̶0̶ ̶A̶M̶ ̶(̶U̶T̶C̶)̶:̶ ̶D̶u̶r̶i̶n̶g̶ ̶t̶h̶i̶s̶ ̶p̶e̶r̶i̶o̶d̶,̶ ̶u̶s̶e̶r̶s̶ ̶c̶a̶n̶ ̶p̶r̶e̶p̶a̶r̶e̶ ̶t̶h̶e̶i̶r̶ ̶c̶r̶e̶d̶e̶n̶t̶i̶a̶l̶s̶ ̶a̶n̶d̶ ̶p̶a̶s̶s̶ ̶K̶Y̶C̶.̶
- ̶S̶t̶a̶k̶i̶n̶g̶ ̶P̶e̶r̶i̶o̶d̶:̶ ̶A̶f̶t̶e̶r̶ ̶c̶o̶m̶p̶l̶e̶t̶i̶n̶g̶ ̶K̶Y̶C̶,̶ ̶s̶t̶a̶k̶e̶ ̶I̶F̶ ̶i̶n̶t̶o̶ ̶I̶m̶p̶o̶s̶s̶i̶b̶l̶e̶’̶s̶ ̶L̶a̶u̶n̶c̶h̶p̶a̶d̶ ̶s̶t̶a̶k̶i̶n̶g̶ ̶c̶o̶n̶t̶r̶a̶c̶t̶ ̶a̶n̶d̶ ̶t̶h̶e̶ ̶c̶o̶n̶t̶r̶a̶c̶t̶ ̶w̶i̶l̶l̶ ̶r̶e̶c̶o̶r̶d̶ ̶u̶s̶e̶r̶’̶s̶ ̶s̶t̶a̶k̶e̶d̶ ̶I̶F̶ ̶b̶a̶l̶a̶n̶c̶e̶s̶ ̶f̶o̶r̶ ̶4̶ ̶d̶a̶y̶s̶ ̶f̶r̶o̶m̶ ̶2̶0̶2̶1̶–̶0̶8̶–̶1̶3̶ ̶5̶:̶0̶0̶ ̶A̶M̶ ̶(̶U̶T̶C̶)̶ ̶t̶o̶ ̶2̶0̶2̶1̶–̶0̶8̶–̶1̶7̶ ̶5̶:̶0̶0̶ ̶A̶M̶ ̶(̶U̶T̶C̶)̶,̶ ̶u̶s̶e̶r̶’̶s̶ ̶I̶F̶ ̶b̶a̶l̶a̶n̶c̶e̶ ̶w̶i̶l̶l̶ ̶b̶e̶ ̶c̶a̶p̶t̶u̶r̶e̶d̶ ̶o̶n̶c̶h̶a̶i̶n̶.̶
- P̶u̶r̶c̶h̶a̶s̶e̶ ̶P̶e̶r̶i̶o̶d̶:̶ ̶2̶0̶2̶1̶–̶0̶8̶–̶1̶7̶ ̶1̶0̶:̶0̶0̶ ̶A̶M̶ ̶(̶U̶T̶C̶)̶ ̶t̶o̶ ̶2̶0̶2̶1̶–̶0̶8̶–̶1̶8̶ ̶1̶0̶:̶0̶0̶ ̶A̶M̶ ̶(̶U̶T̶C̶)̶:̶ ̶S̶u̶b̶s̶c̶r̶i̶p̶t̶i̶o̶n̶ ̶w̶i̶l̶l̶ ̶o̶p̶e̶n̶ ̶a̶t̶ ̶t̶h̶i̶s̶ ̶t̶i̶m̶e̶ ̶f̶o̶r̶ ̶a̶l̶l̶ ̶e̶l̶i̶g̶i̶b̶l̶e̶ ̶u̶s̶e̶r̶s̶ ̶f̶o̶r̶ ̶a̶ ̶2̶4̶ ̶h̶o̶u̶r̶ ̶p̶e̶r̶i̶o̶d̶ ̶–̶ ̶u̶s̶e̶r̶s̶ ̶m̶a̶y̶ ̶e̶l̶e̶c̶t̶ ̶t̶o̶ ̶p̶u̶r̶c̶h̶a̶s̶e̶ ̶a̶n̶y̶ ̶a̶m̶o̶u̶n̶t̶ ̶o̶f̶ ̶I̶D̶I̶A̶ ̶l̶e̶s̶s̶ ̶t̶h̶a̶n̶ ̶o̶r̶ ̶e̶q̶u̶a̶l̶ ̶t̶o̶ ̶t̶h̶e̶ ̶a̶l̶l̶o̶c̶a̶t̶i̶o̶n̶ ̶d̶e̶r̶i̶v̶e̶d̶ ̶f̶r̶o̶m̶ ̶t̶h̶e̶ ̶s̶t̶a̶k̶i̶n̶g̶ ̶p̶e̶r̶i̶o̶d̶.̶
- ̶C̶l̶a̶i̶m̶i̶n̶g̶ ̶P̶e̶r̶i̶o̶d̶:̶ ̶s̶t̶a̶r̶t̶i̶n̶g̶ ̶a̶t̶ ̶2̶0̶2̶1̶–̶0̶8̶–̶1̶8̶ ̶1̶2̶:̶0̶0̶ ̶P̶M̶ ̶(̶U̶T̶C̶)̶:̶ ̶u̶s̶e̶r̶s̶ ̶w̶i̶l̶l̶ ̶b̶e̶ ̶a̶b̶l̶e̶ ̶t̶o̶ ̶c̶l̶a̶i̶m̶ ̶y̶o̶u̶r̶ ̶I̶D̶I̶A̶ ̶a̶l̶l̶o̶c̶a̶t̶i̶o̶n̶ ̶o̶n̶ ̶t̶h̶e̶ ̶I̶m̶p̶o̶s̶s̶i̶b̶l̶e̶ ̶L̶a̶u̶n̶c̶h̶p̶a̶d̶.̶
The token sale for IDIA will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IF they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IF balances recorded starting at approximately 2021–08–13 5:00 AM (UTC).
To learn more about Impossible Launchpad (IDIA), read Impossible’s in-depth research report which will be published in the next few days. For more details, please also reference the Impossible Finance Whitepaper.
How to purchase IF Tokens
If users do not have IF tokens yet for the IDIA IDO, you can purchase it via the below venues:
About Impossible Finance
Impossible Finance is led by Ex-Binance & DeFi veterans, including Calvin Chu from Binance Research. Calvin was part of the selection, incubation and pre/post launch advisory process for Binance Launchpad with notable projects such as Polygon (Matic), Elrond, Axie Infinity and Harmony.
Instead of joining a prominent venture capital fund or starting his own, Calvin wants to replicate his success at finding top-tier projects at Binance, by building in the open and sharing his knowledge and experience to find the best projects alongside the Impossible Finance community. This is aligned with Impossible’s vision of democratizing finance and making it more accessible to all.
With the extensive support of key leaders in the crypto industry, Impossible Finance strives to simplify DeFi, making it easier for the users to enjoy its benefits in particular fairer investing, cheaper trading and higher passive income.
Impossible Finance Project Links:
Audit Report: https://github.com/ImpossibleFinance/Audits/
Telegram Announcement: https://t.me/impossibleann
Reminder: Users need to complete their KYC and also be from an eligible jurisdiction to participate in this token sale.
Thanks for your amazing support and let’s do the Impossible together!
Note: This announcement was last updated on 2021–08–02.
Impossible reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
For Community campaign winners, make sure you use the SAME WALLET ADDRESS to avoid any error/loss of your community campaign allocations.