Zignaly
Published in

Zignaly

MetaShooter ($MHUNT) IDO — ZIGPad Rules & How to Participate in the Sale 📖

Hello everyone 👋,

The MetaShooter ($MHUNT) IDO goes live tomorrow, 19th April 2022 (12 PM UTC), and we hope you’re ready to launch! Below are the rules and a detailed guide on how to participate.

ZIGPad Rules:

  • ZIG Pledge and Token Allocation Mechanism — To ensure a fair sale and allocation, the ZIGPad subscription format gives out a proportional allocation in the case of oversubscription. Users can pledge an amount of ZIG towards a token sale, where their final allocation of the new token is determined by the ratio of their pledged ZIG against the total pledged ZIG by all participating users. The initial calculation of each participant’s final token allocation is:

(Individual ‘Pledged ZIG / Total pledged ZIG by all participants) * Total MHUNT tokens to be sold on ZIGPad’

Pledged ZIG = ZIG locked for the IDO

MHUNT tokens = IDO tokens

A total of 1,153,847 MHUNT tokens @ $0.13/MHUNT are being offered on the ZIGPad — a raise of $150,000. Let’s assume the ZIG price for the IDO is calculated as $0.035, based on the volume-weighted average price during the subscription period.

Assuming a user pledges 2,143,000 ZIG, while the total pledge stands at 42,860,000 ZIG during the subscription period -(means ~$1,500,100 in subscription or a ~10X oversubscription). This user would receive a ratio of 2,143,000 ZIG / 42,860,000 ZIG or 5.00% (~57,692 $MHUNT) of all tokens offered. Since the project is over-pledged, the user will get MHUNT worth ~214,300 ZIG, which means ~1,928,700 ZIG will be transferred back.

At this point, the final MHUNT allocation is calculated and will be transferred to each user, as per the token distribution plan.

  • ZIG Deduction Calculation — Once the token allocation is finalized, we will deduct the corresponding amount from each user’s pledged ZIG balance based on the volume-weighted average price of ZIG during the subscription period, using the formula:

Σ(ZIG Volume * ZIG Price) / Σ ZIG Volume

Assuming the VWAP price during the subscription period comes out to be $0.035, and the IDO price of MHUNT is set at $0.13, the participant’s ZIG will be deducted at a base price of $0.035/ZIG.

  • Once pledged, the amount of committed ZIG cannot be changed.
  • Zignaly reserves the right to change these rules at any time during, before, or after the sale. Decisions taken by Zignaly are final and can’t be changed or challenged by third parties.

Now that the rules are clear, let’s show you how to participate in the MHUNT IDO? We’ve made things simple for you — you can now get your ZIG directly on Zignaly.com!

  • Login to your Zignaly account and head to the Zignaly wallet at the top right corner.
  • Here you’ll see two items — a brand new ‘BUY ZIG’ button that lets you get your ZIG directly on Zignaly. Secondly, you see ‘MetaShooter’ listed under ZIGPad — tap to proceed!
  • Read up the details, tokenomics, and launchpad rules on the following page. Once the subscription period starts, you’ll see the ‘pledge’ button, tap that to commit to the sale.
  • It’s important to understand that ‘Pledging’ your ZIG towards a sale will lock your tokens — however, the advantage here is the fair sale system, which guarantees partial allocation to those who pledge! Tap the ‘pledge’ button and you’re all set for the sale.

That’s it — you’re all set for the IDO! ✔️

We at Zignaly are super excited to see you at the sale tomorrow. We have been a long-time GameFi supporter, and launching MetaShooter lets us play our part in this space. We’re looking forward to making this a huge success! 🙌

- Team Zignaly

Disclaimer:

** Users from the following countries aren’t able to participate in the MetaShooter (MHUNT) token sale on the Zignaly ZIGPad platform: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Canada, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mainland China, Malaysia, Myanmar (Burma), New Zealand, North Korea, Republic of Macedonia (FYROM), Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States of America (USA), Venezuela, Yemen, and Zimbabwe. This list of excluded countries may be subject to change and may vary from project to project. This post does not constitute investment advice nor should it be misconstrued as such. Certain information set forth in this post contains forward-looking statements and are not guarantees of future actions by Zignaly or any of its affiliates. All investments are subject to high market risk. Please be cautious when making your investments. While Zignaly ZIGPad exerts utmost care in choosing and supporting transformative blockchain projects, we will not be responsible for any investment losses. Zignaly reserves the right to change these rules at any time during, before, or after. Decisions taken by Zignaly are final and can’t be changed or challenged.

Get your ZIG tokens on the following exchanges:

Join the Zignaly Community

Backed by world-class investors, Zignaly is the first social investment platform that allows experts and investors to interact in a mutually beneficial environment using crypto via a profit-sharing model.

If you are interested in following Zignaly, please find us on our official channels:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store