The Impossible Finance — IDIA Secondary Sale On Moonriver

Published on: 23.12.2021

Impossible Finance is taking its first step towards a multichain world with its new Moonriver “MOVR” Launchpad. Impossible Finance always held the thesis that crypto as an industry will eventually result in a multichain future. As L1 chains, such as Avalanche and Solana continually see more developers building on these chains, more quality projects start to arise, resulting in greater user adoption.

By deploying on Moonriver, Impossible Finance can leverage early “MOVR” advantage, enabling them to gain access to new projects native to Moonriver and the greater Kusama and Polkadot ecosystem.

Impossible Finance Secondary Sale Details:

  • Token Ticker: IDIA
  • Launchpad Secondary Sale: $200,000 worth of IDIA tokens
    – Standard pool: Tokens amount to be confirmed 24hrs before purchase period
  • Token Vesting: 100% claimable just before next IDO
  • Total Token Supply: 1,000,000,000 $IDIA
  • Sale Token Price: 1 $IDIA = TBC* BUSD
  • Token Sale Format: Staking Subscription
  • Sector: DeFi Sector
  • Supported Staking Tracks: IDIA staking only

Token Price Calculation

  • Payment type: BUSD on the MOVR network
  • The price will reference the TWAP price (i.e. average price of IDIA over the staking period) and be confirmed 24hrs before the start of the payment period
  • The confirmed price will be given an 8% discount PLUS the lowest price of either staking TWAP OR the token price the day before sale

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.

RESOURCES
Medium

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