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.
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.