IDO Lottery Contest — Win a chance to buy Marnotaur ($TAUR) tokens at the IDO private sale price!

Unido
Unido Blog
Published in
5 min readNov 18, 2021

Unido, in partnership with Marnotaur (formerly 5x Margin Tool), is excited to announce the IDO LOTTERY CONTEST.

Over the next 7 days, both Unido and Marnotaur will be running a lottery contest where participants can earn the chance to buy Marnotaur’s $TAUR tokens at their pre-sale IDO price (private sale tokens are earmarked and often reserved for token seeds and private sales)! But that changes today, because 10 lucky winners will win a rare opportunity to buy TAUR tokens at the private sale price!

Here’s how it works:

  • Fill the Form to participate (https://forms.gle/ok3CPcpx3YCGsf6Q6 )
  • Buy $wUDO on PancakeSwap, you will be allotted a lottery ticket number (1 ticket number for every 500 $wUDO tokens purchased).
  • Contest will run for 7 days.
  • Total tickets will be decided based on net $UDO purchased (Deposits — Withdrawals) starting from now till the competition ends.
  • There is no limit to the number of $wUDO you can buy. For every 500 wUDO, you get a lottery ticket (same as buying as many lottery tickets as possible to increase your winning chances)
  • At the end of the contest, a screenshot of all the token holders and the number of tokens they held till the time of screenshot will be taken.

The 10 Lucky winners drawn in the lottery will have the chance to buy $TAUR IDO tokens at the private sale price ($0.047/coin).

Dates — Now — November 26, 2021 (11:59 PM GMT)

Venue — PancakeSwap

$TAUR — The Driver of Marnotaur Ecosystem

So, now you may ask, what are the benefits of actually buying and HODLing $TAUR?

TAUR is not any utility token. It drives the growth and operations of Marnotaur. It powers Marnotaur from bottom to top. Here are some of the crust layer advantages of owning Marnotaur.

  • Receive a share of the revenue from liquidations (passive income)
  • Receive the native token as a reward for farming
  • Receive the native token as a reward for providing liquidity
  • Participate in Governance and vote for platform proposals
  • Beat the market price by winning a chance to buy at IDO rate and get even more $TAUR!

TL; DR

Contest Duration: 7 days

Lottery Ticket Allocation/s: 1 Lottery ticket will be given to every buyer of 500 $wUDO tokens on PancakeSwap (for every 500 $wUDO Token’s net purchased (Deposits — Withdrawals) in the 7-day cycle, participants will receive 1 lottery ticket, i.e., 3000 $wUDO= 6 lottery tickets, with zero cap on how many tickets you can obtain) for the duration of the contest.

Winners: 10 lucky winners will be chosen and given the right to purchase 1000 TAUR IDO tokens at the original private sale price (at least 75% discount)!

How winners will be chosen: 10 winners will be picked randomly in a randomized lottery drawing.

*There is a high probability that 1 person will have multiple numbers selected during our lottery drawing. If this were to occur, the numerous ticket winner would buy even more amounts of TAUR than the other winners.

  • Make sure you get more than 1 ticket, because, who knows, you might win all 10 spots!

Terms, Conditions & Rules

How to Enter: Lottery tickets are given out per 500 $wUDO tokens purchased on PancakeSwap during a 7-day window: (till November 26, 2021, 11:59 PM GMT)

Prize: 10 lucky winners will receive the right to purchase TAUR IDO tokens at the private sale price.

Winner Selection and Notification: After the contest concludes, Unido and Marnotaur will hold a joint lottery drawing to determine the 10 winners of the lottery contest. Winners will be contacted after the contest end, and winners are drawn (no longer than 2 weeks after the competition ends). We will direct the contest winners to a team member of Marnotaur who will guide the winners to buy $TAUR tokens directly from them at the IDO price.

Terms & Conditions:

  • Tokens only purchased during the 7-day contest duration on Pancakeswap will be considered for this contest
  • You agree to these official rules, which are a contract, so read them carefully by entering the contest.
  • Rewards will be distributed once the competition ends
  • Unido/Marnotaur also reserves the right to change, cancel, or alter the contest’s rules at our sole discretion.
  • Unido/Marnotaur reserves the right to disqualify any entry that tries to cheat the contest’s rules with any malpractice.

Unido & Marnotaur Partnership

Unido’s partnership with Marnotaur will offer our clients a robust set of leverage trading tools and the ability to increase exposure when investing in liquidity pools. Incorporating Marnotaur into Unido’s Enterprise Platform will mean crypto investing can now mirror traditional finance approaches to maximizing returns on digital assets. Marnotaur will implement a new decentralized security framework and our patented fragmented key technology into their platform and offer their users a full security tech stack.

Our continued partnership will also allow us to reach new capital markets, professional traders, and large-scale investors and institutions together and bridge the gap between traditional finance and DeFi.

TAUR Token

Marnotaur is the first cross-chain platform for margin trading with leverage and the first technology stack to tap into both order book and swap decentralized exchanges to provide 5x margin trading on leveraged longs or short trades on digital assets. Marnotaur aims to build a genuinely permissionless protocol where traders can swap tokens from a permitted list of pools on popular DEXs (e.g., Uniswap, SushiSwap, Pancake).

TAUR Tokenomics:

Liquidity providers will receive the native token as a reward for providing liquidity

  • The buyback and burn program will reduce pressure on the token price
  • TAUR token stakers will receive a share of the revenue from liquidations
  • Farmers will earn the native token as a reward for farming
  • Token holders will be able to participate in Governance and vote for platform proposals
  • Marnotaur is building a fully decentralized leverage protocol without counter-party risk, making it a powerful crypto-native tool for DeFi protocols.

Still have questions? Join our Telegram by clicking here (https://t.me/unidogroup) and get help from the community now

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Unido
Unido Blog

Built on Polkadot and powered by $UDO token, Unido is building enterprise-grade solutions to give institutions better access to DeFi Markets.