Initial DEX Offering (IDO) [UPDATED: 19th April 2021]

3 min readMar 11, 2021

As an incubator and launchpad, Oxbull.Tech would be aiming to help new quality projects kickstart their venture into the blockchain space via Initial DEX offering(IDO). This is a new fundraising model that is rapidly gaining popularity and helps launch the new IDO coins via a Decentralized liquidity Exchange(DEX) such as PancakeSwap.

Following our experience with our past IDOs and listening to the community, we’re excited to share our updated IDO model:

Oxbull.Tech’s IDO model [Updated 19th April 2021]

Oxbull.Tech’s IDO model splits itself into 3 tiers:

Tier-1: Guaranteed High Allocation

For a High allocation (Approximately 80–90% of the max capital being raised in general) and a Guaranteed participation of the IDO token, investors would be required to be staking in the Oxbull Farm in either the following:

OXB/BNB LiquidityPool provider with more than 4,000 OXB staked for at least 7 days before the project launch.

OXB/OXB Staking with more than 8,000 OXB staked for at least 7 days before the project launch.

(Figures shown are before 2% Fee applied, ie: staking 8,000 OXB going in will show 7860 staked. This is fine.)

Qualified Investors will have a pre-allocated time to contribute to the pre-sale pool.

Tier-2: Guaranteed Medium Allocation

Tier-2 has now been changed to a Guaranteed tier from a First Come First Serve (FCFS) basis tier. Allocated amount for each qualified address will be PROPORTIONATE to the amount staked respectively against the total allocated size for Tier-2. (ie: the more you stake, the higher the allocation; the lower amount staked, the lower the allocation)

For a Medium allocation (Approximately 10–20% of the max capital being raised in general) of the IDO tokens, Investors who are keen to participate would be required to stake in between 1,000 OXB — 4,000 OXB in the OXB/OXB farm 7 days before the IDO to be qualified.

For Investors who were late and missed the staking deadline, A Time lock farm will be introduced. Where Investors will still be allowed to participate in the IDO, subject to the staked OXB funds being locked for 7 days. More details will be released in due course.

Qualified investors will have an allocated timeframe to contribute to the pre-sale pool after the allocated time for Tier 1 investors end. Contributions are on a first come first serve(FCFS) basis.

Tier-3: Whitelisting program

For a Small allocation of the IDO tokens, interested Investors will need to hold(Not stake) a minimum of 50 OXB in their wallet to be whitelisted for the IDO. The Pre-sale pool shall be opened to the public after the allocated time for Tier 1 and Tier 2 investors end. Contributions are on a first come first serve(FCFS) basis.

IMPORTANT NOTES:

IDO models could be subject to change depending on the nature and requirements of each project. Specific details of Pre-sales would be further provided prior to the project being launched via Oxbull.Tech’s official telegram group and Medium.