DePo Initial Dex Offering (IDO) on Lemonade

Jigstack is pleased to be able to provide an update on the imminent public raise of DePo, “The DeFi Hotel”, which is being facilitated via the Lemonade IDO launch platform.

Topics

• DePo: ready to launch on Lemonade
• IDO Timeline
• Benefits for $STAK stakers
• An overview of the DePo project
• What is DePo’s aggregator system?
• Introducing the team at DePo
• Why DePo and Lemonade?
• Details of the public raise
• Who is eligible for the public raise?
• Additional whitelist opportunities
• DePo tokenomics summary
• DePo Roadmap
• Safety precautions
• About DePo & Lemonade

All systems go!

Back in June, DePo selected Lemonade to execute their public raise, but subsequently decided to postpone the launch to ensure optimal conditions and the best outcome for all stakeholders. Since then the DePo team has been hard at work, taking the opportunity to further advance their product and deploy a MVP version on the Rinkeby test network which has been comprehensively audited by Cyber Unit. Following a very successful and over-subscribed private fundraising event, we’re excited that DePo has indicated that they are ready to move forward with their public round.

IDO Timeline:

• Whitelist starts (new round): 22.09.2021–2pm UTC
• Whitelist closed: 26.09.2021–2pm UTC
• Public sale: 28.09.2021
• Claim: TBD
• Uniswap Listing Date/Time: TBD

Benefits for $STAK stakers

One percent (1%) of the total amount of ETH raised during the public sale on Lemonade will be used to purchase Stak tokens on the open market, of which 20% will be burned, increasing scarcity, and 80% deposited into Stakbank, increasing desirability via Pools APY. HERE

But that’s not all — in addition, another one percent amount, this time as 492,500 DePo tokens, will be deposited into the Crops section of Stakbank. Crops will allow everyone the opportunity to acquire a share of these DePo tokens. Click here to watch a step-by-step video guide of how Crops works, presented by Jigstack’s lead developer, Kauê Cano.

So what is DePo?

The cryptocurrency landscape is a high growth environment with few regulations — as a result it has developed in a highly fragmented manner, with multiple separate projects operating largely independently of each other. While there have been some attempts to create bilateral bridges, DePo is building the first true multi-market aggregator interface that allows the user to access all current and future ecosystems, products, and chains. You can find out more about DePo including their ambitious future roadmap at their website here.

All of crypto, under one (hotel) roof

The concept of an aggregator system is not new. An example familiar to most is the travel industry which is well served by many websites that facilitate the booking and management of accommodation, flights, rental cars, and activities from a single platform. However, this is a lot easier to do due to the many standardized protocols and regulations that airlines and hotels adhere to. Achieving the same result in the decentralized crypto world is a lot more challenging, but has the potential to greatly increase ease of use and decrease barriers to entry. DePo brings all major CEX’s and DEX’s, staking platforms, DeFi lending protocols, NFT marketplaces, and multiple wallets together and makes them accessible via a single user-friendly interface. Imagine being able to trade, store, and manage your entire portfolio without swapping back and forth between different websites and apps. The crypto world is finally getting institutional-level control and precision.

The brains behind DePo

DePo’s management team boasts a complete line up of in-house blockchain developers and marketing experts. It’s headed by CEO TJ Dunham, who has a wealth of business management and finance experience including from his time as partner at a forex and commodities trading firm. TJ has already used his expertise in many award-winning blockchain projects before taking the helm at DePo. While the DePo team is fully doxxed, privacy for users is a core part of the platform — it’s non-custodial and puts users in control of their funds and private keys. KYC will never be required to use DePo.

DePo and Lemonade — a perfect mix!

By now it should be apparent why the Jigstack team is so excited to welcome DePo as the first project to utilize the Lemonade IDO platform. Jigstack’s whitepaper set out several guiding principles for Lemonade, and first among them is that any IDO to use the launchpad must provide genuine utility and add value to the crypto world, obviously a requirement that DePo not only meets but greatly exceeds. Beyond this, Jigstack and DePo hold many views in common, including a drive to promote seamless product integration in a fractured landscape, implementing intuitive UI/UX, making crypto accessible to all, and putting privacy and security above all else.

Public raise details

• 49,250,000 DePo tokens will be available for purchase using ETH
• At a price of US$0.004 per token, this gives a total raise of US$197,000
• The public sale event is scheduled to take place on 28.09 at time (TBD)
• DePo tokens can be claimed on (TBD)
• Finally, a Uniswap listing will occur on (TBD)
• Public raise tokens will not be subject to any lockup periods

Public raise eligibility

During the June whitelist event, 241 wallets were approved to participate in the DePo public raise and they can be viewed here. All of these wallets remain eligible and will now be entitled to a flat US$750 guaranteed allocation regardless of the amount approved in the whitelist event, which equates to 187,500 DePo tokens per wallet. This allocation also applies regardless of the amount of Stak tokens held or staked in Stakbank.

Additional opportunities (new whitelist)

If you didn’t whitelist for DePo back in June, don’t worry! You may have noticed that even if all whitelisted allocations are taken up this falls short of the total public raise amount, and indeed, additional whitelist opportunities will be made available for the remaining 4,062,500 DePo tokens.

Finally, if any whitelisted wallet does not take up their full allocation of DePo tokens a subsequent FCFS event will be triggered, where remaining tokens will be made available for anyone to purchase on a first come, first served basis.

NOTE: No STAK staked is required for this IDO!

DePo tokenomics

• Total Supply: 1,000,000,000 $DEPO
• Private Round: 200,000,000 $DEPO
• Public Round: 50,000,000 $DEPO
• Seed: 80,000,000 $DEPO
• Contract Address: 0xa5DEf515cFd373D17830E7c1de1639cB3530a112

Vesting Schedule

• September 29 — Honeymoon begins.
• October 13th — 33.33% unlocked.
• November 13th — 66.66% unlocked.
• December 13th — 100% unlocked. Vesting ends.

The maximum supply of DePo tokens is one billion. Demonstrating the team’s long-term focus, 67% of this total has been locked in Unicrypt for 12 months. The seed and private raises totaling a further 28% and are also locked, but for a shorter period of time. Only the public raise on Lemonade is not subject to a lockup period.

DePo Roadmap

Going forward, the development of DePo will be heavily packed with features that empower crypto enthusiasts with a variety of competitive advantages. For a high level roadmap of the milestones ahead, refer to the outline below:

October — MVP Phase 2

• Full DEX integration
• Opensea integration
• Farming & Staking pools

November — DePo V1

• Native wallet/dashboard release
• Top 10 wallets, hardware wallet suite
• Top 25 CEX’s displayed in centralized order book with top prices
• Top 50 DEX’s displayed in order book with top prices
• Top 10 NFT marketplace integrations
• Beta App release (iOS, Android)
• Beta Chrome extension
• Full breadth & width of 1inch farming and staking pools + DEX’s

January 2022

• Full App features released
• Full Chrome extension released
• Proprietary Exchange/Marketplace feature announced

March 2022 — DePo V1.5

• Tradestation implemented (Bot portfolio manager, copy trades)
• VPN deadswitch
• Institutional level trading tools onboarded

June 2022 — DePo V2

• Proprietary CEX & DEX released (smart routing, match lowest price and split fees)
• Proprietary NFT marketplace
• $DEPO will carry new utility from this point:
• Retain tier status for past features
• Implement fee reduction
• Governance

September 2022

• DePo Pro

Scammer alert!

We take safety and security seriously at Jigstack. We encourage all community members to join our official discord channel here and rely on it as the single official communications channel. Beware of scammers — only follow information promulgated publicly in the discord channel and ignore all direct messages. Nobody from Jigstack, Lemonade, or DePo will ever contact you privately about the DePo public raise event.

About DePo

DePo, “The DeFi Hotel,” is a new multi-market aggregator for the #DeFi industry. Here at DePo Exchange, we’re consolidating decentralized finance, NFT marketplaces, and the entire cryptocurrency market into one terminal, DeFi’s first multi-market aggregator.

About Lemonade

Lemonade is a DeFi token launchpad governed by the Jigstack DAO. Jigstack is an Ethereum based DAO governing a portfolio of high-quality products like Lemonade. $STAK is Jigstack’s governance token that will be used to manage Lemonade and other Jigstack protocols.

📰 INFO 

https://medium.com/jigstack/lemonade-depo-ido-28th-sep-8f526b7cbd8c