Whitelist Guide For MODA DAO IDO On FantomStarter Went Live
FantomStarter will be hosting the launch of the $MODA token on the Fantom chain, as the culmination of the dedicated hard work of the ModaDAO team and its partners.
At the core, MODA is designed to bridge not only the legacy music industry with Web3 but to also bridge existing networks through standards and interoperability. MODA is about allowing people freedom, not locking them into walled gardens.
IDO Details — Private Pool
- Whitelisting phase: 18 November 2021 at 12:00 UTC
- Investment phase: 22 November 2021 at 12:00 UTC
- Funding cap: $30,000 (total raise)
- Token Price: $4
- Tokens for Sale: 7500 MODA
- Individual Cap: TBD
- Payment Accepted: USDC
- Vesting: 7 days cliff, 100% afterward
IDO Details — Public Pool
- Whitelisting Phase: 18 November 2021 at 12:00UTC
- Investment Phase: 23 November 2021 at 12:00 UTC
- Funding Cap (total raise): $150,000
- Token Price: $5
- Tokens for Sale: 30,000 MODA
- Individual Cap: TBD
- Payment accepted: USDC
- Vesting: 100% at TGE
TGE Token release
- Deposits will happen in real-time as users move through the payment flow.
- Air drop/ distribution/LP/trading will all start to occur around the 30th of November, 2021
The $MODA ERC-20 token is designed as a DAO membership token, bringing with it the ability to vote on proposals and earn rewards in exchange for participation within the DAO. The token contract is a standard ERC20 contract based on the OpenZepplin framework.
MODA Token Usecases
It plans to roll out infrastructure (referring to as Music3) as well as creator tools, a publishing ecosystem, and an innovation lab, which should help to not only lower the barrier to entry for those wishing to enter the space but also by providing funds, technology, and industry know-how, whilst ensuring rights are protected.
ABOUT MODA DAO
MODA DAO is a decentralized technology network and community that aims to lead the adoption of Web3 in the music industry via NFTs, micro-licensing, DAO governance, and DeFi. Entertainment, contractual and financial value can now be exchanged in one digital unit; the NFT.
ABOUT FantomStarter
With FantomStarter, you can raise and invest capital on any blockchain while our decentralized investment app manages all the regulatory, compliance, and multi network responsibilities. This means your project can easily raise funds from a wider variety of investors; hassle free.
RESOURCE
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