How to participate in an IDO
TrustPad uses a Levels system to determine the amount of guaranteed allocation a participant is entitled to. These levels start from 10k TPAD (AFFILIATE) being staked in the IDO staking pool and go up to 1,000,000 TPAD (SINGULARITY). The multiple assigned to each level calculates how much allocation is provided per a base allocation, which is set once the registration period closes shortly before the start of the raise.
There are also lower lottery levels, starting from 3k TPAD which give you a much higher chance of obtaining an allocation when compared to the public whitelist.
You can review and stake into the Levels via the link below.
First you need to get TPAD, please follow the process below:
- 1.Approve the interaction
- 2.Stake number of TPAD you want to stake
Registration is required to correctly determine the base allocation for each IDO. Stakers not interested in participation won't be considered, which allows to keep the base allocation higher.
- Usual registration timeline:
- opens 48 hours before the sale start
- closes 6 hours before the sale start
As mentioned, you will need to register for the IDO to be eligible. To do so, make sure to register on the project pool page.
Once the raise is live, the guaranteed allocation round will last approximately 6 hours, followed by an FCFS round which is only for TPAD stakers and whitelisted wallets. You need to complete these steps to participate:
1. Head to the pool page
2. Enter the number of tokens you want to buy
3. Approve the interaction using the "Approve" button
It's required to allow the IDO contract to transfer BUSD as your payment
4. Fund your allocation with BUSD using the "Buy" button
The IDO contract will automatically transfer the required amount of BUSD from your wallet.
5. Ensure you purchased the tokens
You should see the number of tokens you purchased in the buy form.
If the sale is not sold out, usually the 20 minutes are allocated for the FCFS (First Come, First Served) round.
During FCFS, all stakers can participate regardless of their registration or lottery status. Stakers get additional allocation based on their level. Whitelist winners DO NOT get the additional allocation.
The round is split into 4 even intervals, with each interval increasing the FCFS multiplier: 50%, 100%, 200%, unlimited.
IDO base allocation: 1x = $50
Your level: ASSOCIATE 6x
Your allocation: 6 x $50 = $300. That is how much you can buy during the normal round.
Once the FCFS of an IDO starts you can buy more:
First 5 minutes of the FCFS: +50% extra to your initial allocation, $300 + $150 = $450 in total
5 - 10 minutes: +100%, $300 + $300 = $600 in total
10-15 minutes: +200%, $300 + $600 = $900 in total
15 minutes and until the end of sale: unlimited.
If an FCFS round lasts 30 minutes, then the intervals are 7.5 minutes.