DeFi11 IDO Pool on Red Kite is Open! $33,050 $D11 Allocation To Win For KSM Contributors
Red Kite opens two token sale pools for DeFi 11: IDO Pool (top participants on PolkaSmith Crowdloan event) and Community Pool (participants on Gleam competition). The allocation for the two pools is respectively $33,050 and $1,950 $D11 at IDO price.
This article is dedicated to guiding KSM holders on how to join the $D11 IDO Pool. You can also check out the Community Pool details HERE.
📖 Schedule
- Pool open: 02:00 PM UTC, Tuesday, September 14, 2021
- Pool close & snapshot time: 02:00 PM UTC, Sunday, September 19, 2021
- Winner announcement: 04:00 PM UTC, Sunday, September 19, 2021
- IDO date: Monday, September 20, 2021
- Buying time Phase 1 (Top 140): 11:00 AM — 12:00 PM UTC
- Buying time Phase 2 (Top 200): 12:00 PM — 12:15 PM UTC
- Listing time: 01:00 PM UTC, September 20, 2021
- Claim time: 01:00 PM UTC, September 20, 2021
📌 Note
- Phase 1 is for Top 140 IDO participants. Their $D11 allocation is announced before the IDO and is guaranteed, so no gas war, and everyone in the Top 140 can purchase for their token during Phase 1.
- After Phase 1 ends, if there is any $D11 left, Phase 2 will start for the Top 200 IDO participants on an FCFS basis. Each of them can buy up to $50 worth of tokens.
- We will stop counting the Top 200 participants for GameFi IDO at the snapshot time.
📖 Pool Detail
- Token: $D11
- Token type: ERC-20
- Price per token: $0.15 per $D11
- Vesting schedule: 50% unlocked at TGE, remaining linearly over the next 2 months
- Accepted currency: USDT
- Network: Polygon
- 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:
How to join $D11 IDO on Red Kite?
1️⃣ Step 1: Contribute $KSM to the PolkaSmith Crowdloan
Click HERE for a step-by-step guide.
Remember which ERC20 you provide in the $KSM contribution form. This wallet MUST be used to register an account on Red Kite Launchpad and do the KYC.
2️⃣ Step 2: Connect the ERC-20 you used in Step 1 with the Red Kite Launchpad and complete the KYC.
3️⃣ Step 3: Stay tuned to Red Kite official channels for the final results
Real-time Top 140 and Top 200 updates are available at https://polkasmith.polkafoundry.com/#/event/2
About DeFi 11
DeFi11 is the initial DeFi decentralized gaming ecosystem worldwide for fantasy sports, NFT gaming, and P2P predictions. It focuses on decentralizing the virtual sports industry and generating a scam-proof platform for players.
The DeFi11’s token is $D11 — an ERC-20 integrated token that can work for various games in the DeFi11 ecosystem. Players can use them to pay contest fees, purchase assets, redeem rewards, and so on into a $D11 token for fiat swap or redemption.
Learn more information about DeFi11:
About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem. Red Kite projects are carefully chosen through vetting, which takes everything from the origins of the project teams to legitimacy and implementation capacities into account. These projects are also supported by a network of our high-class marketing partners, leading influencers, and interactive communities.
Need more information about Red Kite? Follow us on PolkaFoundry’s official groups and channels so you won’t miss anything!
