PARADEFI NETWORK PRESALE DETAIL

Paradefi Network
PARADEFI NETWORK
Published in
2 min readSep 13, 2020

Due to the huge demand for the first seed round that we have seen, the Paradefi Network Foundation decided to cancel the second seed round. We, the Paradefi Network Foundation is initiating the first dividend sale on the curve platform.

The Paradefi Network presale will be launched as an Initial Decentralized Offering (IDO) in order to deliver the initial dividends to our loyal investors, what people need is a Metamask wallet with some Ethereum asset in it. The token sale dates and times will be announced later with a countdown of 72 hours, the sale will run until the allocated tokens have been sold, or 4 days before the public sale, however, the public sale also may be canceled like the Paradefi Network seed round 2.

The PRT Presale at first was planned as an auction event, however, the Paradefi Network did not want to price out people, instead, a competitive lottery format will be applied for the presale round.

The algorithm smart-contract will operate as a lottery format, an estimate of only 15–50% of the purchase will be successfully recorded, it depends on the actual community demand, unlucky purchases will be refunded to the contributing address.

“Traditionally, all the token sale will be functioned on a first come, first serve, however, our dividend sale hard cap is not our aim, our aim is to raise people awareness about Paradefi Network through this competitive format, and also this encourages people to contribute more to the network, in order to have more possibility to win that, people need to take time and work with the bank teller feature” — Said by Carlson.

The new system will not cause any inflation in the PRT price, however, we also decided to reduce the dividend allocation of the Presale to 11.000.000 PRT, the dividend change will be burnt. Moreover, it takes people more time and effort to win a place. The Paradefi Network Presale details:Allocated amount: 11.000.000 PRT.

Min purchase: $100, maximum purchase: $5000

KYC: No

Platform: Curve.paradefi.network

Price: 0.06$

Hard cap: $660.000

How to increase your possibility to buy PRT:

  • Fund Ethereum to your Metamask at least hours before the divided sale.
  • Create more than one Metamask account to buy.
  • Introduce to your friend by grabbing the link at the bank teller button to increase the contribution index of that Metamask address.

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