NeoFi ($NEOFI) IDO on ZIGPad — Results are in!
1900%+ subscribed on the ZIGPad, NeoFi successfully exceeds its’ raise goal — and the credit goes to YOU, the ZIG holders.
As a follow-up to the BSC-based NeoFi ($NEOFI) IDO on the ZIGPad, we’re excited to share that the session closed with a whopping 1900%+ subscription, because of YOU! During the pledge period, we saw 54,608,730 ZIG worth almost ~$2.5 million committed to the project, exceeding the raise goal by $2,375,000!. Thanks to our fair sale mechanism, we’ve made sure that ALL OF YOU get a piece of the pie, as well as a refund for any excess ZIG pledged, based on the subscription ratio.
Let’s jump right into the results and more importantly, the next steps — in line with the ZIGPad guidelines established prior to the sale.
- Raise Goal: $125,000 against 2,777,777 NeoFi ($0.045/NeoFi)
- Pledged ZIG: 54,608,730 ZIG (worth ~$2.5 Million)
- Number of Participants: 2,123 users
- ZIG Pledge period VWAP*: $0.04539
- Subscription: 1972%
*ZIG VWAP (volume-weighted average price) during the pledge period is calculated using:
Σ(ZIG Volume * ZIG Price) / Σ ZIG Volume
Now that we have the data to calculate the distribution of NeoFi per participant, let’s move to the next steps:
- Using the ZIG VWAP price of $0.04539 and subscription ratio of 1972%, we will calculate the number of NEOFI tokens, and ZIG to be refunded and deducted for 2,123 participants. To learn more about the calculations, head to our blog on ZIGPad rules.
- With the distribution amounts calculated, the team will initiate the process, where the excess ZIG will be refunded, followed by the distribution of NeoFi, as per the shared release schedule:
34% unlock at TGE (24th March 2022), 33% unlock on 24th April 2022, 33% unlock on 24th May 2022
Before we conclude, allow us to emphasize that this is simply the beginning of what is to come. To thank you for your participation, we have announced a NEOFI vault program with an APR of 550%! so don’t forget to check it out! And a huge thank you again to the awesome NeoFi team for partnering with us on such an incredible opportunity for Zignaly users.
– Team Zignaly
*** Users from the following countries aren’t able to participate in the NeoFi ($NEOFI) 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.
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