OXB: To Infinity and Beyond with IoTeXPad
TL;DR
To Buy Iotexpad, the first Launchpad on Iotex:
1. Hold OXB before 17th December 2021, 0001 UTC. Smart-Staking to be auto-enrolled
2. head over to the BSC pool page to buy on the 19th December 2021, 1630UTC onwards.
For full details, read on:
Resources
Website: https://iotexpad.network/
Twitter: https://twitter.com/iotexpad
Telegram: https://t.me/iotexpad
Telegram(announcement): https://t.me/iotexpadANN
Medium: https://iotexpad.medium.com/
IoTexPad is the first launchpad to be built, launched, and powered by IoTeX. IoTexPad aims to be the primary incubator for all native IoTeX projects in the near future. Taking the right projects to the crypto enthusiastic community has always been a tedious task, IoTeXPad provides a way through which new IoTeX projects can raise capital from a platform and takes care of the token sales with top-notch security so that projects can focus more on what’s essential, that is developing the project’s core ideas and execution.
IoTeXPad shall also boast an incubation program, which comprises of a full-fledged partnership that includes but is not limited to developing a strategic approach, timeline, and overall project marketing and exposure. Select projects are applicable for our incubation.
The IoTeXPad token will be available on both IoTeX & BSC (Mimo & Pancakeswap) to ensure sufficient liquidity whilst also launching projects on both chains, so long as the IoTeX ecosystem is nascent.
The IoTeXPad qualifying structure
IoTeXPad adopts a tiered structure to provide a decentralized model for project launches, whilst maintaining high tiered projects. The amount of tokens you stake determines your pool weight (Probability of allocation) as well as special PVT allocations in early stage projects, for the VIP tier.
The current design for the tiers are:
For further details of the tiers and project features, please refer to the Whitepaper here.
Tokenomics
Total TEX Supply: 100,000,000
- Seed: 6%, 10% to be released during Token Generation, Followed by 10% release in the subsequent months
- Strategic Round: 18%, 10% to be released during Token Generation, Followed by 10% release in the subsequent months
- Public Sale (IDO): 2%, 20% to be released during Token Generation, Followed by 20% release in the subsequent months
- Staking: 15%
- Marketing and Partners: 20%, 10% on Day 01, 1 Month Cliff, 5% Monthly for 18 Months.
- Reserve: 10%, Locked for 1 year
- Liquidity: 6%
- Foundation Team: 18%, Locked for 12 months, Followed by 10% monthly release subsequently
- Strategic Advisors: 5%, Locked for 7 months, Followed by 10% monthly release subsequently
IDO price: $0.10
Listing price: $0.10
Listing on the 21st December 2021, at approximately 1000 UTC with an estimated initial Market Cap of $280,000
To find out more about how to participate in the IDO on the day itself, read here. Using a MODIFIED Smart Staking approach to Oxbull.Tech’s IDO model, The IDO details as follows:
Tier-1 and 2 Qualifying Deadline: Hold OXB by 17th December, 0001UTC
Tier-1 Contribution: 19th December 2021
Tier-2 and 3 Contribution: 20th December 2021
Tier-3 Gleam Link:https://gleam.io/j9w0V/oxb-whitelist-iotexpad
Contribution opens here:https://www.oxbull.tech/#/presale
IMPORTANT NOTES: Qualification of Tier-1 and 2 will require ENROLLING SMART STAKING. In the event where an Investor who has not enrolled in Smart Staking but has the required number of holdings SHALL NOT be eligible for the aforementioned tiers.
Smart Staked holdings are required to be maintained adequately until project listing. Any dips below the required holding amount will DISQUALIFY the investor for the project being launched at the time even if the investor has already contributed. No IDO Tokens will be provided and No Refunds will be made.
Each qualified address will only be eligible for ONE transaction. Meaning if an address is qualified for tier 1, they will not be qualified for tier 2.
Disclaimer
Our content is intended to be used as information and education purposes only. It is very essential to do your own research and analysis before doing any investment decision or otherwise. Do Your Own Research.
Information is accurate at time of writing and can be subject to change.
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