$RIFI IDO Pool on Red Kite is Open! — Whitelist Registration Starts Now!

Ba Nguyen
Red Kite
Published in
3 min readAug 17, 2021

📆 Schedule

  • Whitelist Opening: 02:30 p.m UTC, Tuesday, August 17, 2021
  • Whitelist Closing: 02:00 p.m UTC, Monday, August 23, 2021
  • Winner announcement: Tuesday, August 24, 2021
  • IDO date: Wednesday, August 25, 2021
  • Buying time — Phase 1 (Guaranteed allocation): 12:00 p.m UTC — 01:00 p.m UTC
  • Buying time — Phase 2 (FCFS — Max $50/whitelister): 01:00 p.m UTC — 01:30 p.m UTC

📎 Pool Details

  • Token type: BEP20
  • Price per token: $0.1 per $RIFI
  • Total allocation: $250,000
  • Vesting schedule: 50% available at TGE, then linearly over 2 months
  • Accepted currency: BUSD
  • 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:

Example:

There is 1 Hawk who owns 5,000 Red Kite points, 1 Eagle who owns 20,000 Red Kite points, and 1 Phoenix who owns 60,000 Red Kite points.

The total number of Red Kite points = 5,000*1 + 20,000*1.05 + 60,000*1.1 = 92,000 PKF

  • Hawk’s allocation = (5,000/92,000)*232,500 = $12,635.87
  • Eagle’s allocation = ((20,000*1.05)/92,000)*232,500 = $53,070.65
  • Phoenix’s allocation = ((60,000*1.1)/92,000)*232,500 = $166,793.5

The more Red Kite points you have, the more $RIFI you can buy.

📖 How to join the Rikkei Finance IDO pool on Red Kite?

To be eligible for Rikkei Finance public offerings on Red Kite, please complete the following steps:

1️⃣ Step 1: Follow Rikkei Finance’s and PolkaFoundry’s social channels below:

📌 NOTE: Users who belong to Eagle and Phoenix tiers will not be required to do the above steps when joining the IDO pool. However, we recommend following Twitter and Telegram groups to stay up-to-date with important announcements.

2️⃣ Step 2: Register an account on the Red Kite website and complete the KYC.

Please follow the guideline HERE.

3️⃣ Step 3: Staking PKF or PKF/ETH LP to claim your tier.

Stake to ensure you achieve at least the minimum tier of the pool.

If it is your first time staking on Red Kite, you will need to Approve tokens once (and only once) before you stake PKF.

📌 NOTE: Refer to the latest tier policy on Red Kite HERE and the staking guideline HERE.

4️⃣ Step 4: Join the Rikkei Finance IDO Pool, then complete the Whitelist procedure.

  • After completing all required tasks according to your tier, join the Rikkei Finance IDO pool and click the Apply Whitelist button.
  • Enter your Twitter account and Telegram’s username.
  • Click Submit.
  • After that, Red Kite will ask you to sign your wallet. Click Sign on your wallet to complete applying.

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!

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