As we already announced, the first coin on the Swop.fi Launchpad will be $ENNO Cash, the governance token of Enno Wallet. Now all the parameters of the IDO have been defined:
- Tokens for sale: 850,000 $ENNO Cash
Including:
- Sale for SWOP members: 800,000 $ENNO Cash
- First promotion campaign: 25,000 $ENNO Cash
- Second promotion campaign: 25,000 $ENNO Cash
- Token price: 1 USDN
Timeline
- Publication of the project on Launchpad, the first campaign start:
October 25 (Monday)
- Start of USDN deposit, the second campaign start:
October 28 (Thursday) 15:00 CET
- End of USDN deposit, the launch of ENNO-USDN pool:
October 29 (Friday) 12:00 CET
- Possibility to claim $ENNO Cash:
October 29 (Friday) 13:00 CET
For more details on the sale rules, see Launchpad: invest in new projects.
Sale for Swop.fi members
- Tokens for sale: 800,000 $ENNO Cash
- Ticket worth: 10 USDN (plus Swop.fi commission of 5%)
- Every 0.2 SWOP in staking entitles a staker to buy 1 ticket
- Each ticket will bring the buyer 10 $ENNO Cash or a full refund of USDN.
Let’s assume you have 10.59 SWOP in staking. This means that you can buy a maximum of 52 tickets (10.59 / 0.2 = 52.95). If 32 of them turn out to be winning, you will get 320 $ENNO Cash and 210 USDN (the cost of the remaining 20 tickets, including commission) upon a claim.
Launchpad promotion
The first 500 participants of each campaign to complete the promotion task will be able to deposit 50 USDN (plus Swop.fi 5% commission) and receive 50 $ENNO Cash guaranteed.
Referral program
Each user will have a unique referral link available on the Launchpad page. Copy the link and share it with your friends. Once they come to Swop.fi for the first time using your link and buy project tokens, you will receive a reward: 5% of the token worth, that is, the entire amount of Swop.fi commission. We will send the reward to your wallet after the sale ends.
The commission for token purchases that are not related to referral links will be used to buy back SWOP and burn it.
About Enno Wallet
Enno Wallet is a non-custodial mobile crypto wallet and a gateway to decentralized finance. Enno Wallet gathers all DeFi platforms on the blockchain together and complements them with exceptional UI and UX. There are already over 30.000 active Enno Wallet users who stake assets amounting to more than $42.000.000.
$Enno Cash is a governance token of Enno Wallet. $Enno Cash holders will be able to stake $Enno Cash tokens to receive daily $Enno Cash rewards. $Enno Cash stakers will gain voting power and the right to participate in the governance process to change product parameters. They will also have Enno Wallet club membership rights and privileges when joining events.
Read more about the Enno Wallet tokenomics in their blog.
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