The Impossible Finance IDO #4 — Highstreet Token Sale
Impossible is excited to announce that their first metaverse and NFT project will be Highstreet ($HIGH)!
Over the next few weeks, Impossible will share more insights and host mega whitelist allocation campaigns to reward loyal users. Stay tuned on Highstreet’s Twitter as well for their latest updates and progress.
Participate in the IDO via the Impossible Launchpad — link
Learn how to use the Impossible Launchpad — link
Subscription Timeline*:
- KYC Preparation Period: Rolling ongoing basis. Users can submit their information and pass KYC anytime during the entire IDO timeline. Only users that have completed KYC & are from accepted countries will be able to participate in this sale.
- Staking Period: 2021/09/27 5:00 AM (UTC) to Block [11728062] ~2021/10/13 5:00 AM (UTC). After completing KYC, stake IDIA into Impossible’s Launchpad staking contract which will record user’s staked IDIA balances. User’s IDIA balance will be captured onchain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
- Purchase Period: Block [11734024] to Block [11762598] estimated to be 2021/10/13 10:00 AM (UTC) to 2021/10/14 10:00 AM (UTC). Subscription will open at this time for all eligible users for approximately 24 hours depending on BSC block times. Users may elect to purchase any amount of $HIGH up to the allocation derived from the staking period.
- Claiming Period: No earlier than 2021/10/14 12:00 PM (UTC) in order to sync up with other parallel $HIGH launches. Timing and details to be confirmed by Highstreet closer to the time.
*Due to variability in block times across multiple chains, exact details on the Claiming Period are subject to change prior to distribution in order to synchronize with other parallel launches.
Highstreet Token Sale Details:
- Token Ticker: $HIGH
- Launchpad Sale Hard Cap: 1,000,000 USD (split into multiple pools)
– Standard pool: 500,000 USD
– Unlimited pool: 500,000 USD - Total Token Supply: 100,000,000
- Day 1 Circulating Market Cap: TBC
- Tokens Allocated to Impossible Launchpad: 1,000,000 $HIGH (1% of Total Token Supply)
- Public Sale Token Price: 1 $HIGH = 1.00 BUSD
- Listing Price: 1.00 USD (BUSD)
- Token Sale Format: Staking Subscription
- Sector: Impossible Finance NFT Track
- Learn more via $HIGH whitepaper
- KYC requirements: Residents from countries or regions such as US, Mainland China, and UN-sanctioned countries are excluded from participating.
Launchpad Pools (Sale cards)
For Highstreet ($HIGH) IDO, they will be having 2 sale cards to cater to different users:
- Standard Sale: Stake limit — Users can stake a maximum of 10,000 IDIA tokens at any one time as consideration for allocation. The maximum $HIGH a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
- Unlimited Sale: No stake limit — Users can stake any amount of IDIA at any one time as consideration for allocation. The maximum $HIGH a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
How to purchase IDIA Tokens
If users do not have IDIA tokens yet for the $HIGH IDO, you can purchase it via the below venues:
Token Allocation Calculation
- The token sale for $HIGH will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA balances recorded at the start of the stake period.
- This design is currently selected to ensure that all users can have a proportionate access into the $HIGH token depending on which pool they enter into. As they develop the Impossible launchpad product offering, they will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
KYC Details
- KYC Preparation Period: Rolling ongoing basis. They require 50 IDIA or 25 IF tokens to start KYC to prevent bots from spamming their KYC partner. Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users’ IDIA, users have to pass KYC before the staking period begins. In other words:
- If users pass KYC after the end of the staking period, they will miss the opportunity to participate
- If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period
About Highstreet
Highstreet creates the shopify for Gaming experience for brands, where they can seamlessly establish a presence in an MMORPG world. For players it plays like all their childhood favorites, from Maplestory to World of Warcraft, except every in game item and storefront encoutered is a real product by a real brand. With direct integration to existing E-commerce systems players buy phygital products to use in game but also have the choice to redeem items in real life.
Highstreet is created from LumiereVR, a computer vision based VR retail company established in 2015. The team has built a commerce based metaverse over the years by piecing together components built by various household names from brands like Hershey’s Chocolate to Victoria Secrets, bigger groups like L’Oreal to Madison Square Garden as well. We’ve got a great list of investors already including HTC, Palmdrive Capital, Cherubic Ventures from the traditional side, Mechanism, Jump Trading, and NGC from crypto. Their most recent investment round is led by a combination of top tier brands and exchanges, allowing them to build interoperability between games natively in our metaverse.
About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. It offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields.
📰 INFO
https://medium.com/impossiblefinance/the-impossible-finance-ido-4-highstreet-token-sale-565866c29123
