Chair Finance IDO Details on MultiPad Launchpad
MultiPad is happy to announce the next launch on MultiPad: Chair Finance.
Built on Polygon and having received a grant from the blockchain giant, Chair is the world’s first decentralized NFT trading platform for rights and benefits, with a grand vision to build an entrance to the metaverse.
Chair believes that art is over-represented in the current NFT industry and that 90% of NFTs should be financial assets, digital identities, and rights in the future. As the first DEX for rights and benefits NFTs, Chair will pioneer the NFT 2.0 era.
As a platform aiming to expand NFT use cases in a very significant way as non-fungible tokens explode around the globe, Chair will play a key role in facilitating the easy exchange of rights and benefits — which could cover almost anything — through NFTs, as well as giving its holders a fully fledged GameFi product.
Chair’s green paper outlines incredible plans for the Build Your Planet (BYP) program, a metaverse that will eventually become the major focus of the platform. Simply put, any user can mint rights and benefits NFTs that will mark ownership of items in the BYP metaverse.
Read the Chair whitepaper and greenpaper for more information on the NFT marketplace and BYP metaverse.
MultiPad is excited to join Polygon in supporting the Chair project and launching its IDO on the MultiPad platform.
IDO Details
Date: Tuesday, 19 October
Platform: https://multipad.co/launch-app
Round 1: 08:30–11:30 UTC
Round 2: 12:00–13:00 UTC
Round 3: 13:30–14:30 UTC
Wallet: Metamask
Network: Binance Smart Chain
Funding: BNB (pegged 1–2 hours before IDO and will be announced)
Total Raise: $60,000
Whitelist: TBA
Total Supply: 70,000,000 BNCH
Initial Circulating Supply: 878,500 BNCH
Initial Market Cap: $878,500
Price: $1.00 per BNCH
Round 1 Max Allocation: $500 (Holders | Whitelist | Guaranteed)
Round 2 Max Allocation: $500 (Holders | FCFS)
Round 3 Max Allocation: $500 (Open | FCFS)
Minimum allocation for all rounds is $100
Vesting: 40% unlocked at TGE | 30% after 1 month | 30% after 2 months
Listing Details
Listing Date: TBC
Listing Price: $1.00
Claiming: TBC
How To Qualify For The IDO
Snapshots will be taken between 16 October 12:00 UTC and 18 October 12:00 UTC to calculate the lottery winners.
A minimum of 10,000 $MPAD tokens are required to be held to qualify with at least 1 lottery ticket. Every additional 10,000 $MPAD, that wallet will be disqualified. An average number of $MPAD per wallet will be calculated.
Guaranteed Round 1 allocation will only be available for whitelisted MPAD holders who have held $MPAD continuously from the first to last snapshot.
Round 2 will be FCFS for all $MPAD holders who kept 10K+ $MPAD in their wallets between the snapshot dates. Round 3 will be open to the public, provided there are still unsold tokens.
Whitelist results will be announced on 18 October.
Allocation Sizes For MPAD Holders
Due to the smaller raise than previous IDOs, they have updated their guaranteed allocations for the Chair IDO in order to benefit all their loyal $MPAD holders.
Round 1
– 200K+ $MPAD holders (Elites) receive 2 guaranteed allocations
– 100K+ $MPAD holders receive 1 guaranteed allocation
– 10K+ $MPAD holders enter lottery at 1 ticket per 10K $MPAD (whitelist form mandatory)
Round 2
– FCFS only open to 10k+ $MPAD holders (whitelist form mandatory)
Round 3
– FCFS open to all for any remaining tokens
In addition to the above, liquidity providers will also have a chance to win guaranteed allocations.
About Chair
Chair.Finance is the world’s first decentralized NFT trading platform for rights and benefits, with a grand vision to build an entrance to the metaverse. The platform provides one-stop services including NFT minting, trading, and auctioning to improve liquidity and maximize economic benefits.
About MultiPad
MultiPad is fueling the cross-chain future through complex smart contract systems that allow any project to launch on major chains including BSC, Polygon, Avalanche, Solana, and Cardano. Community-governed and decentralized, MultiPad enables startup partners to raise funds and helps with marketing, go-to-market strategies, and technical advice.
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