Universal Infinity PAD Participation Guidelines.
The guideline in this article is outdated, Please refer to latest:
https://medium.com/infinity-pad/new-universal-sho-participation-guidelines-a957a41ea0e
(OUT OF DATE) The present article will cover all necessary steps to participate in our Strong Holder Offerings (SHO)
TL;DR
■ Register for an account
■ Complete the KYC
■ Stake IPAD or IPAD LP
■ Participate when SHO opens
Infinity Pad (IPAD) is proud to issue the following guidelines to describe every step of the participation process in detail.
We advise you to follow event timelines, allocation amounts, and the minimum amount of required $IPAD directly on our platform.
1. Register Account
Go to https://infinitypad.com to log in or register to your account
NOTE: Account credentials from DAO Maker can be used on Infinity PAD. Simply use the same login information.
2. Connect Wallet
Connect your wallet that you would like to participate with. You can choose from Metamask or Wallet Connect.
3.KYC
Pass your KYC check in order to register for any sale. You will need to complete your KYC before in order to be able to register for all our upcoming events. This has to be done once.
NOTE that if you have already completed KYC with DAO Maker, the above step should be disregarded.
For KYC purposes we are checking with your government-issued valid ID and proof of residence.
Access this link to check how to pass KYC on our platform
Here you can find the full list of countries currently allowed for participation on INFINITY PAD. Residents of the countries that are not on the list will not be able to pass KYC.
There are 3 documents that can be used for ID verification — Passport, National ID Card, or Driving License. Certain citizens are not allowed to pass KYC with either ID or a Driving License. In this case, you will need to have a Passport for verification, which is the most secure way to go about this. Please check with the current list of allowed countries and the documents that have to be used by its residents in order to pass KYC
4. Staking
Staking is an essential part to perform before registering for the sale. The staking process is now complemented by the IPAD Power system (henceforth we will call it iPower), which allows you to decide how much you would want to stake for each particular SHO and that will put you to the specific tier with varying chances of winning the allocation. This is the same as in DAO Maker.
Make sure to have IPAD tokens in your wallet.
In order to stake your IPAD and get your iPower, proceed to the IPAD Vaults tab as usual and stake either IPAD or IPAD LP tokens.
In order to participate in every Sale, you will need to stake at least 25,000 IPAD in the vault. This will grant you exactly 25,000 iPower. Some sales with higher amounts of personal allocations will require more IPAD to be staked. While registering for the sale, you will always see what is the minimum amount of IPAD to be staked. If you do have not enough, you can always come back and stake more IPAD.
Once you have staked your IPAD you will see your iPower in your Portfolio section
In order to participate in a SHO, you need to allocate your available iPower. The more iPower you allocate on the particular SHO, the higher your chance to win an allocation (more iPower equals higher lottery Tranche).
1 Staked IPAD = 1 iPower.
IPAD LP token deposited in the Vault count as 3x the iPower.
-Participation Tiers-
■ Tier 0:
Staking 50,000–100,000 $IPAD
Max 1 ticket
■ Tier 1:
Staking 100,000–200,000 $IPAD
Max 2 tickets
■ Tier 2:
Staking 200,000–500,000 $IPAD
Max 4 tickets
■ Tier 3:
Staking 500,000–700,000 $IPAD
Max 8 tickets
■ Tier 4:
Staking 700,000 + $IPAD
Max 12 tickets
Each Tranche will get a certain number of participants. Once the registrations for the event are closed, we will run a lottery in each tier, and participants in each Tranche will have a certain amount of chance to be picked. People in the upper Tranches will get a higher chance to win an allocation.
Take note that users can win multiple allocations (tickets) in the same SHO.
The chances will be linearly adjusted and will depend on the final number of participants and available allocation spots.
Click on research and participate and spend some time researching the project before investing in it.
Click on the participate button that will be available once registrations are open.
You will get to the checking page and be able to see if you comply with all steps before it will let you in for registration.
Make sure you’ve completed all the steps.
- You’re logged in
- Your wallet is connected to the platform
- You have completed KYC
- You have enough IPAD Staked
- You have enough iPower
If you haven’t, you will be notified and then once all steps are completed you will be able to participate in the SHO.
Once your wallet scan is complete you can proceed to sign the Terms & Conditions (SAFT).
Next step will be to allocate the iPower towards the sale.
5.Results
Once the registration for SHO is closed, the winners extraction process starts and runs for 3 to 6 hours. By then, winners will be displayed on our platform and contacted via email.
6. Funding
After winning the SHO, users have 12 hours to contribute their BUSD. This step will be performed via InfinityPAD.com
iPower is not locked. Either win or lose!
In both instances, you will get iPower back so you can use it again for the next SHO!
Good luck!
