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For Investors
Launchpad Participation Guidelines For Investors
First of all, investors must own cLA 
in order to purchase a CeloLaunch NFT Card 
prior to an IDO.
NFT Card is a Non-fungible Token (NFT) developed for CeloLaunch ecosystems and divided into 4 Tier Levels. Each tier corresponds to a certain NFT Card and represents your guaranteed allocation.
IDO will be hosted in 2 rounds:
■ Round 1 (4 hours)
- Guaranteed allocation for NFT Holders with Tier Level. The more NFTs you submitted, the more allocation you obtain. You may submit several times with a total of 10 NFTs.
- Lock 1,000 cLA and earn 0.25 ticket allocation per lock, you may lock several times to earn more tickets.
■ Round 2 (8 hours): FCFS for those who participated in Round 1 with same allocation as Round 1
Funds raised from the sale of NFT Card will be held in a separate wallet that CeloLaunch team has no right to use for personal purpose to prevent from devaluing cLA.
The supply of NFT Card is limited and appropriately allocated to prevent token price from dumping and also maximize profits for investors participating in the launchpad.
Marketplace is also available for users where people can trade their NFT to each other.
The system is based on “tickets” representing your guaranteed allocation and operates as follows
Tier | NFT Card | Price (cLA) | Tickets |
|---|---|---|---|
♒️ Aquarius | 2000 | 1 | |
♊️ Gemini | 5000 | 3 | |
♉️ Taurus | 10000 | 7 | |
♈️ Aries | 20000 | 16 |
For those who do not own NFT Card, you might lock 1,000 $cLA to get allocation worth 0.25 ticket. You may lock several times to earn more tickets.
Each Tier Level corresponds to a different NFT, as illustrated below:
Tier 1 - Aquarius ♒️
Aquarius was the young boy kidnapped by Zeus when Zeus sent his eagle to snatch the boy out of the fields while he was watching over his sheep. Aquarius was depressed and dropped his CeloLaunch NFT Card to the field where the CeloLaunch Team has found thereafter.
Tier 2 - Gemini ♊️
Gemini was associated with the myth of Castor and Pollux. When Castor died due to his mortal state, Pollux pleaded with his father Zeus to grant Castor immortality by joining them in the heavens. Before leaving, they dropped CeloLaunch NFT Card on Earth, which was discovered by the CeloLaunch Team.
Tier 3 - Taurus ♉️
Taurus was the target of Zeus's love who came to her at the Phoenician waterside as a magnificent white bull. The princess was awestruck by the bull's beauty and approached it to touch it. She then got upon his back, at which point Zeus jumped into the sea and brought her to Crete. CeloLaunch Team has located the NFT Card that she dropped under the sea.
Tier 4 - Aries ♈️
Aries, symbolized with a golden ram, saved Phrixus from certain death and brought him to Colchis, where he sacrificed the ram to please the Gods. While a golden ram with wings took him to safety, he left his CeloLaunch NFT Card on Earth, which was discovered thousands of years later by the CeloLaunch Team.
In this stage, holders of NFT Card must submit their NFTs on time. The more NFT submitted, the more allocation you obtain.
For those who do not own NFT Card, you might lock 1,000 $cLA to get allocation worth 0.25 ticket.
In this stage, CeloLaunch will calculate the [1 Ticket Allocation] based on [Total Tickets] and [Hard Cap] with the following formula:
where
[TotalTickets] = [Total NFT Tier 1] * 1 + [Total NFT Tier 2] * 3 + [Total NFT Tier 3] * 7 + [Total NFT Tier 4] * 16 + [Total People Locked 1000 cLA] * 0.25
For Example:
Project A wants to raise $100,000 on CeloLaunch. The total submitted NFT as follow:
- 100 NFT Tier 1
- 50 NFT Tier 2
- 25 NFT Tier 3
- 10 NFT Tier 4
- 98 people locked 1,000 cLA
In that case,
where
NFT holders and 1,000 cLA holders are no longer able to submit NFTs or lock cLA at this time.
NFT holders and 1,000 cLA holders are allowed to contribute to the IDO with calculated allocations.
FCFS for those who participated in Round 1 with same allocation as Round 1.
Following the IDO, CeloLaunch will collect the financing statistics and announce the token distribution, listing information,.. on CeloLaunch Announcement.
Last modified 1yr ago