Launchpad is a third-party project token IDO. Swop.fi Launchpad is designed to raise funding for projects that have issued a token on the Waves blockchain. Investors get early access to participate and buy the project token at an initial price, which can increase significantly as the project develops.
Project tokens are sold for USDN, but only SWOP stakers will be able to buy most of them.
How to participate
Project tokens are distributed in two ways:
- Sale for Swop.fi members. SWOP stakers can buy tickets based on the amount of SWOP staked. If the ticket is winning, its buyer will receive project tokens, and if not, they will receive their USDN back. More than 90% of the project tokens will be distributed this way.
- Promotion campaign in social media. The first users to complete the task are guaranteed to buy project tokens.
You can participate in the sale for members and in the promotion at the same time.
All project details, token price, timing, and other sale parameters will be published in advance, a few days before Launchpad starts.
Sale for Swop.fi members
With the Launchpad start, SWOP stakers have the opportunity to buy tickets. The number of tickets available for each user is defined by the amount of SWOP in staking and the sale parameters. For example, every 0.2 SWOP in staking entitles you to buy one ticket worth 10 USDN (plus Swop.fi commission of 5%).
You can buy tickets several times: if you haven’t bought all the tickets available to you or staked additional SWOP, you will be able to purchase more. However, you cannot refund your tickets. In addition, you cannot unstake SWOP corresponding to purchased tickets until the moment of SWOP unlocking; but you can vote for pool weights and for new pools with those SWOPs.
After the sale ends, the winning tickets are determined. If the total value of all tickets purchased is less than the value of the tokens distributed via sale for members, then all participants receive project tokens. If more tickets are sold, the winning tickets are picked randomly. The rest of the tickets are refunded to the participants.
For example, if you buy 100 tickets at the project token price of 2 USDN for 1050 USDN total (including 5% commission) and 50 of them are winning, then you will receive:
- 250 project tokens, which equates to 500 USDN,
- 525 USDN, including a 25 USDN commission refund.
SWOPs locked in staking when you buy tickets are unlocked within a week after Launchpad ends.
Social media promotion
Launchpad promotion tasks can include various activities, such as retweeting a certain Swop.fi tweet or joining the Swop.fi group in Telegram. Your social network account also must satisfy certain requirements: a Waves address in your profile, a certain number of followers, etc. You can get detailed instructions using a Telegram bot that will be launched when the project is added to Launchpad.
The number of participants is limited. If you are among the first, you will be able to deposit USDN on the Launchpad page when the sale for promotional members begins. The amount of USDN and timing depend on the sale parameters. If you deposit USDN in time, you are guaranteed to receive project tokens at the initial price after Launchpad ends.
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.
Pool with a project token
Shortly before the Launchpad wrap-up, we will launch a pool with the project token paired with USDN. Project authors will add Initial liquidity. After summing up the results of Launchpad, investors who received the project token will be able to add it to the pool or sell it.
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