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)
- 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
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 ♒️
Tier 2 - Gemini ♊️
Tier 3 - Taurus ♉️
Tier 4 - Aries ♈️
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:
[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
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,
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.