Whitelisting for NFTify Dual IDO Launch on PolkaFoundry Red Kite and PAID Ignition Launchpads

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NFTify News

4 min readMay 28, 2021

As excitement builds for the NFTify dual launch Initial Dex Offering (IDO) on the PAID Ignition and PolkaFoundry Red Kite launchpads, we would like to review the whitelist process for taking part in the IDOs.

The IDO provides participants access to the $N1 token, the native utility token of the NFTify platform. $N1 will allow shop owners to pay for creating their stores and be used as the accepted payment method from customers when trading NFTs. The token will also grant users of the platform governance privileges on the future development of the NFTify protocol.

The IDOs for both launchpads will take place at the same time.

PAID Ignition IDO Whitelisting

Ignition IDO Schedule

Here are the important dates to note for participation:

Whitelist Start: 11AM UTC, Wednesday, May 26, 2021
Whitelist Close: 4AM UTC, Saturday, May 29, 2021
Winner announcement: Tuesday, June 1, 2021
IDO Date & Time on Ignition: 11AM UTC, Friday, June 4, 2021
Vesting Period: Tokens 100% Redeemable on Ignition.

Apply for the NFTify whitelist lottery for Ignition HERE.*

Ignition IDO Details

Total allocation: $140,000
Price per token: $0.08 per $N1 (NFTify’s native token)
Accepted currency: ETH
Restricted countries: Check HERE
Token allocation based on tiers.

*For applications to be considered valid, they must adhere to the PAID whitelist lottery rules, pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions, which vary per project on a case-by-case basis. For a list of NFTify specific restricted KYC countries, check HERE.

Red Kite IDO Whitelisting

NFTify IDO Schedule

Here are the important dates to note for participation:

Whitelist Start: 2PM UTC, Wednesday, May 26, 2021
Whitelist Close: 2PM UTC, Monday, May 31, 2021
Winner announcement: Tuesday, June 1, 2021
IDO Date & Time on Red Kite: 7AM UTC, Friday, June 4, 2021
Vesting Period: Tokens 100% Redeemable on Red Kite.

NFTify IDO Details

Total allocation: $100,000
Price per token: $0.08 per $N1 (NFTify’s native token)
Accepted currency: ETH
Restricted countries: United States of America, China, Hong Kong, and all sanctioned OFAC countries (DR Congo, Iran, Myanmar, Sudan, Iraq, Ivory Coast, North Korea, Syria, Zimbabwe, Cuba, Belarus, Liberia)
Token allocation based on tiers.

How to join the NFTify IDO on Red Kite

To be eligible for NFTify Red Kite public offering, please complete the following steps:

Follow NFTify’s and PolkaFoundry’s social channels below:

Follow Twitter accounts: @nftify_official and @PolkaFoundry.
Join community groups: @nftify_official and @PolkaFoundry.
Subscribe to announcement channels: @nftify_ann and @PolkaFoundryANN.
Like and retweet the NFTify IDO announcement on PolkaFoundry’s Twitter.

📌 NOTE: Users who belong to Eagle and Phoenix tiers are not required to do the above steps. However, we recommend following our official Twitter and Telegram groups to stay up-to-date with important announcements.

2. Register an account on the Red Kite website;

Read and follow Red Kite’s Guideline HERE.

3. Complete the Red Kite’s KYC on Blockpass HERE.

4. Staking PKF or PKF/ETH LP to claim your tier.

Click HERE to know more about the requirements and benefits of each Red Kite tier.

5. Join the NFTify Pool, then fill in the NFTify Whitelist Registration form (only appears for those who passed the KYC process) and follow all requirements.

The NFTify token will be listed on Uniswap a few hours following the completion of the IDO.

The NFTify team is grateful for the huge support we have received from our community and partners since we launched our project. We are delighted to be able to give our supporters an opportunity to invest in the first e-commerce marketplace for NFTs through our IDO.

How to join the NFTify IDO on Ignition

(Update later)

What is Ignition?

Ignition, a PAID Network product, operates as a decentralized swapping protocol that allows blockchain-based token projects to conduct private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and shortly, Polkadot functionality. Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects encourage HODLing that supports both the project founders and the community.

What is Red Kite?

Red Kite, part of the PolkaFoundry ecosystem, is a launchpad designed with distinctive features to host hand-picked, fully-vetted projects. Capital-raising efforts are supported by a network of tier-1 marketing partners, top influencers, and communities, a robust vetting process, and easier investor access at a lower price. Features include multi-chain support, parachain crowd loans, a lane-based swap system, and an intelligent reputation point system.

About NFTify

NFTify was created to provide one place to build an influential NFT marketplace and brand. We have built the Shopify of NFTs, with a difference. At NFTify, NFT shops operate at the convergence of the nextgen blockchain and Web 3. Buyer and seller matching is more highly interconnected, intelligent, and relevant. NFT transactions are transparent, traceable, and copyright protected.

Learn more about NFTIFY: