Completing the Subscription stage on MDAO Maker
MDAO Maker is a platform designed for conducting allocation distributions for early-stage projects.
Allocations refer to a project’s funds allocated for subsequent distribution to users.
But what exactly are “early-stage” projects?
This term pertains to the phase when a project is in its initial stages of preparation to enter the market, resulting in a relatively low value of its tokens. As a successful project enters the market, the token price experiences an increase, enabling them to be traded on exchanges at a higher price.
Given the attractiveness of this prospect, the MDAO Maker platform incorporates a system of stages. This system offers an opportunity for all users to acquire tokens from startups.
Today, we delve into the significance of the second stage on the MDAO Maker platform, a crucial phase in the process.
The Subscription stage
The success of this stage primarily determines whether you can participate in financing the startup and gain benefits.
What happens during the Subscription stage on the MDAO Maker platform?
When a project on the MDAO Maker platform enters the Subscription stage, you must subscribe to it within the allocated period, before this stage ends and the next begins.
If you fail to subscribe to the project, you will not be able to participate in subsequent stages, meaning you will be unable to finance the project and reap the benefits.
The date of the next stage, by which you need to subscribe to the project, is indicated on the MDAO Maker website on the relevant project’s page at the top of the screen. There, you will find a line showing the stages and their respective dates.
Okay, so the first thing you need to do to sign up for a startup on MDAO Maker is to buy MDAO tokens.
Why buy MDAO tokens to participate in allocations and how do you do that?
To participate in the allocation process and receive your share, you need to purchase and hold MDAO in your MDAO Telegram Wallet.
The MDAO Telegram Wallet bot facilitates all essential actions of the MDAO Maker platform, necessary for accessing an allocation portion and reaping its benefits.
During the Subscription stage, the bot verifies if you have the required amount of MDAO in your wallet. This could be 1000 MDAO or more, depending on specific allocation project conditions. The exact amount of MDAO needed is specified at the time of subscription.
MDAO Maker is part of the MarsDAO ecosystem, utilising the native token MDAO. By purchasing and storing MDAO tokens in the MDAO Telegram Wallet bot for allocation participation, you support the platform’s operations. Your contributions assist us in securing allocations for promising startups, providing you with opportunities for benefits.
How to purchase MDAO tokens
It’s a straightforward process! Simply follow this link, where you’ll find instructions on buying MDAO tokens through our wallet bot, the MDAO Telegram Wallet. Using this bot, you can subscribe to a project’s allocation.
It’s time to move on to the main event.
How do I sign up for a project allocation so there’s a chance to benefit?
1️⃣ If you do not already have an MDAO Telegram Wallet created, start https://t.me/Marswallet_bot by tapping “Start” or manually entering the “/start” command to get started.
Select the language in which you want to display the information. Done, your wallet is created.
2️⃣ Next, open “Menu” → “MDAO Maker” in the bot. Then tap “Available IWOs”. Select the desired project and hit “Participate!”
If you do not tap this button, you will NOT be able to participate in the allocation!
3️⃣ The bot will determine* whether you have the required number of MDAO tokens on your wallet. After you hit the “Participate” button in the bot, you will be considered a partaker of the allocation, will be able to continue participating in the stages and get an opportunity to claim a part of a project’s allocation.
*The bot does not lock or withdraw the user’s tokens, it only checks their presence.
What to do if the bot says there isn’t enough MDAO in your wallet
Top up MDAO Telegram Wallet! Follow this link to the instructions on how to buy MDAO tokens through our MDAO Telegram Wallet bot, with the help of which you will subscribe to a project’s allocation.
4️⃣ After a successful subscription you will receive information about this in the bot.
Please read it carefully.
Please be informed that participation in some allocations may require undergoing KYC and AML checks (in rare cases). To complete these checks, you will need a smartphone with a good camera.
Through these procedures, the project verifies the identities of the participants to prevent fraudulent activities. The decision to conduct these checks is made by the project whose allocation is presented on the MDAO Maker platform.
For more information on KYC and AML checks, as well as instructions on how to complete them, please refer to this link.
If these checks are necessary for participation, you will see a warning about the requirement to undergo KYC and AML procedures at Step 2️⃣. After reading the information, you need to tap on “Pass KYC.” Following this, a warning from Telegram about accessing an external link will appear.
To complete the KYC and AML checks, prepare your passport or driver’s license in advance. Then, follow the detailed instructions provided here.
After passing the KYC and AML checks, repeat all actions from Step 2️⃣ and click on “Participate!”.
Your project allocation subscription went smoothly!
We will announce the next stages and what you need to do on them in the official MDAO Telegram Wallet account here.
