Announcing ENVELOP (NIFTSY) IDO and Whitelisting Campaign
ENVELOP will launch its IDO on Scaleswap on October 21st at 10am UTC/6pm HKT
We are thrilled to announce that ENVELOP will launch its IDO on Scaleswap on October 21st at 10amUTC/6pm HKT !
About ENVELOP
ENVELOP is a flexible cross-chain tool set able to give any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), protection of devaluation and anti-fraud system.
There are three main project parts:
- Protocol to add the digital assets inside NFTs and set on-chain royalties;
- Oracle to score the collateral and assess the quality of assets inside NFTs;
- Index to hedge the position to whole NFT market — becomes one of the first decentralized and collateralized simultaneously market indices for NFT and related assets (synthetic, among others).
Additional Highlights:
- Exceptional team
- TOP-10 in Binance Hackathon
- Awarded grants from both Rarible and Polygon
- First real-life implementations done
- Huge market demand
IDO Details
ENVELOP’s NIFTSY Token IDO will launch on Scalesap in both a public and private pool. The total raise is $100K, of which $60K will be placed in the private pool (open to users based on ScaleSCORE ranking), and the remaining $40K will be placed in the public pool.
How can I improve my ScaleSCORE? See: https://bit.ly/3lRyMx5
Only whitelisted users who have successfully completed KYC are permitted to take part in the IDO (this applies to both public and private pools).
- Token symbol: NIFTSY
- ETH/USDT Peg Rate: TBA
- Initial market cap: $850,000
Private Pool Details
- Date: Oct 21st at 10 AM UTC
- Total private pool raise: $60K
- Token IDO price: $0.03
- Total number of tokens: 2,000,000
- Max cap per person: $300
Public Pool Details
- Date: Oct 21st at 10 AM UTC
- Total public pool raise: $40K
- Token IDO price: $0.03
- Total number of tokens: 1,333,333
- Max cap per person: $200
Whitelisting & KYC Event is Live 🔥
- Whitelist start date: October 11 at 12 pm UTC
- Whitelist end date: October 20 at 12 pm UTC
Please make sure that you submit the correct participation wallet during Whitelisting AND KYC (Metamask is strongly preferred)! You will not be able to participate with any wallet address other than this one!
Please note that the KYC process has changed and you will not need to wait for an email to proceed. The KYC link is provided directly in the Gleam form during the whitelisting process.
We will run a whitelisting campaign and KYC in parallel, so please make sure you follow the KYC link provided during the Gleam whitelisting process and complete your KYC as soon as possible.
Tip: We highly recommend interacting with Fractal (our KYC provider) using a Fractal account connected to an email rather than phone number.
Public Pool Instructions:
Public Pool Whitelisting Signup: https://gleam.io/A0KAY/envelop-public-pool-whitelist-application
For the public pool, participants will need to complete a series of tasks to gain entries into the lottery. Simply complete as many of the tasks listed as possible. The more tasks you complete, the more entries you will receive.
KYC will be required after you are selected.
Private Pool (ScaleSCORE based) Instructions:
Private Pool Whitelisting Signup: https://gleam.io/JmjQ3/envelop-private-pool-whitelist-application
For the private pool, you will only need to enter your email and the wallet address that contains your SCA tokens and ScaleSCORE. Is it critical that you submit the wallet address that contains your SCA tokens (the one connected to https://app.scaleswap.io/) in both the whitelisting form and ALSO during the KYC process.
Entering the wrong wallet, two different wallets, or an empty wallet that does not contain SCA/ScaleSCORE will result in losing your opportunity to participate in the private pool.
Please note that the KYC process has changed and you will not need to wait for an email to proceed. The KYC link is provided directly in the Gleam form during the whitelisting process.
Again: We highly recommend interacting with Fractal (our KYC provider) using a Fractal account that was signed up for with an email rather than phone number.
More About the Private Pool
Private Pool participation is based on ranking according to your ScaleSCORE. For the ENVELOP (NIFTSY) private pool, the top 200 ScaleSCORE holders ( 60,000 USD / 300 USD = 200 participants) will be able to participate in the first 15 minutes.
However, please note that some top ScaleSCORE holders may not participate or invest the max amount. Therefore, the actual number can easily expand beyond the first 200 and open up to many more.
If the private pool is not filled in the first 15 minutes by the top 200 users (who also must have passed whitelisting and KYC), an additional 50 ScaleSCORE holders will be whitelisted for the next 15 minute window. This procedure will repeat every 15 minutes until the pool is filled.
How can I increase my ScaleSCORE to improve my chances of guaranteed participation? See: https://bit.ly/3lRyMx5
Private Pool Whitelist Tier System Summary:
- Volume of Private Pool / max allocation = max number of guaranteed participants
- Number of guaranteed participants is decided based on ScaleSCORE ranking.
- We offer a 15 minute window for guaranteed participation.
- After the 15 minute window expires, we start to whitelist the next top 50 ScaleSCORE holders until the pool is filled.
Please direct all additional questions to official Telegram discussion group: https://t.me/scaleswap
Be Alert for Scams
We’re in an exciting phase for the project, which potentially makes our community a target for scam attempts. Please remain diligent in protecting yourself.
⚠️ NIFTSY tokens are not available until the IDO takes place. If you encounter any tokens or pools claiming otherwise, do not buy them and please report it to us immediately.
⚠️ We will always make all official announcements here: https://t.me/scaleswapann
⚠️ Scammers may attempt to impersonate Scaleswap or ENVELOP team members. Be wary of imposters and fake emails. Always remember that admins will NEVER initiate a DM first. We will never request funds, passwords, or private keys for any reason whatsoever.
Frequently Asked Questions
Which countries are excluded in the IDO participation?
Please be aware that if you are a citizen, resident (tax or otherwise) or green card holder of The United State of America, you cannot participate in whitelisting. General terms and conditions apply.
How will you discourage bots and cheating?
The whitelisting process utilizes a fraud filter to detect bots, scripts, and multiple emails from the same IP address. Additionally, whitelist entrants will be checked for: valid addresses, Telegram handles, e-mail addresses, and Twitter accounts. If any bot or manipulation attempts are detected, they will be eliminated prior to the randomized drawing.
