Solster x UPFI Network IDO Guidelines and Timeline

Published on: 04.11.2021

Solster Finance is thrilled to announce that UPFI IDO will be available at Solster launchpad on Tuesday, 9th November at 8:00 AM UTC.

Solster Finance selects only those projects with an active public team and product testnet/devnet. UPFI Network successfully met both requirements.

Solster worked directly with UPFI’s team, and the team is highly enthusiastic about their products and plans for the launch. Solster strongly believes in UPFI Network, and they are worthy of your trust!

UPFI IDO Timeline:

  • Eligibility for UPFI IDO allocation consideration is to stake STR at https://app.solster.finance/staking-stats before 7th Nov 11.59 PM UTC or Pool cap filled (whichever is first)
  • Allocation will be allocated on 8th Nov and contribution will start at 8:00 AM UTC to 3:00 PM UTC (7 Hours) on 9th November.
  • Distribution start: 16:00 UTC on 10/11/2021
  • Liquidity will be added at 15:30 UTC on 10th November with UPS/USDC pair at raydium.io.

UPFI IDO Sale — Important Details

  • $UPS Public Pool Token Price:
    $0.030
  • Pool Cap: $150k
  • Acceptable Solana Wallets: Sollet
  • Who is Eligible:
    All candidates with $STR Staking Tiers on Solster.
  • Vesting Period:
    40% unlocked at TGE and 60% unlocked linearly in 3 months.
  • KYC: Not required.

How to get qualified for the UPFI IDO Investment Pool?

How to Participate in UPFI IDO?

📌 STEP 1
Stake $STR for $UPS allocation 👇
https://app.solster.finance/

⏳ Staking Period
Stake $STR before 7th November 11.59 PM UTC or Pool cap filled (whichever is first)

Tier Pool Information

The tiered system is designed to determine the guaranteed allocation for every IDO participant available in the pool. It’s a fair, decentralized process of determining the pool weight of the allocation for the specific participant.

  • Tier 4: Giga — 49% Pool Weight (75,000 Staked STR)
  • Tier 3: Mega — 29% Pool Weight (50,000 Staked STR)
  • Tier 2: Micro — 14% Pool Weight (26,000 Staked STR)
  • Tier 1: Nano — 8% Pool Weight (14,000 Staked STR)

📌 STEP 2
You need to connect your Sollet wallet at https://app.solster.finance to check your allocation for UPFI IDO on 8th November. We will announce it.

📌 STEP 3
The contribution will start at 8:00 AM UTC to 3:00 PM UTC (7 Hours) on 9th November. There is 7 hours window for investment. Take your time. No hurry.

We will release investment guidelines. It will be a straightforward process.

📌 STEP 4
Distribution start: 16:00 UTC on 10th November.

📌 STEP 5
Liquidity will be added at 15:30 UTC on 10th November with UPS/USDC pair at raydium.io.

SOURCE

 

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