How will the ITO + INO be used
At a glance
First, we have moved the dates of INO, ITO and launch of the platform:
- ITO: February 15, 2022 16:00 UTC
- INO: February 16, 2022 16:00 UTC
- Launch: 24 hours after INO ends.
As you know, our INO (or Initial NFT Offering) and ITO (Initial Tako Offering) is the First Stage.
Our Second Stage is to use the funds to give liquidity to our main Token $BALDR. We will mint tokens proportionally to sale (not presale) price.
As you can expect, their team does not receive a salary from the development of this project. With this reason, the team will allocate a 10% from the total value of the INO and ITO for development, marketing, and continuity for the project.
A 90% of the funds secured from the presales will be used for Liquidity of $BALDR. The contract of Treasury will hold those tokens and the administration of the liquidity will be managed by the protocol.
The date of presale and launch have been changed
We have changed the dates of the presales and posterior launch of the platform.
The decision was made because we would like to polish everything before releasing to General Availability.
Also, we would like to reach to more people before opening the presales and give the protocol a good kickstart based on (hopefully) a great liquidity.
The new dates are in the “At a Glance” section, but we will repeat them here with a few extra details:
- ITO: February 15, 2022 16:00 UTC — February 18, 2022 16:00 UTC or until sold out.
- INO: February 16, 2022 16:00 UTC — February 19, 2022 16:00 UTC or until sold out.
- Launch: 24 hours after INO ends.
What will be the differences between entering Baldr Network after the INO?
In the presale, 1 $BALDR will be sold at $10USDC to users.
The expected initial supply circulating will be 64.308 $BALDR composed by:
- 38.000 $BALDR that will be minted for users in the presales (INO + ITO)
- 26.308 $BALDR that will be minted for liquidity (based on presales and normal sale price)
- 10% of presales funds will be destined for development, marketing, and continuity for the project.
After the presales, 1 $BALDR will be sold at $13USDC to users.
The Intrinsic Value for $BALDR will start at $1USDC. This value will be growing over time as the Treasury of Baldr grows.
But what will happen if the presale is not sold out?
If we do not reach the expected value in INO and/or ITO, we will not mint the difference of tokens proportionally to normal price ($13USDC). In example, if in the ITO + INO the total of tokens to distribute to users is 10.000 $BALDR, then we will mint 6.923 $BALDR for liquidity purposes.
Details about the INO and ITO
As you know, we will sell NFTs to be able to track who will be participating in this presale. To commemorate the participation, the payload of the NFTs will be some images hand-crafted by the Baldr Team. We are not specialized in design nor illustrations but we did our best ><
The NFTs are not unique in design this meaning (i.e.) that Tier 1 NFTs of INO will not have any difference in the payload image between one and another.
The airdrops of $BALDR will be after the presales and before the launch of the platform.
INO
There will be 3 Tiers of NFTs, all of those representing different quantities of $BALDR to be airdropped to the user that has the ownership after the presale ends.
The maximum quantity of minted tokens for this presale (INO) will be 37,500 $BALDR valued at $375,000 USDC.
Tier 1 and will be sold at $200USDC and will airdrop the user holding it 20$BALDR.
Tier 2 and will be sold at $100USDC and will airdrop the user holding it 10$BALDR.
Tier 3 and will be sold at $50USDC and will airdrop the user holding it 5$BALDR.
ITO
There will be only 1 Tier of NFTs for the Initial Tako Offer.
The maximum quantity of minted tokens for this presale (ITO) will be 500 $BALDR valued at $5,000 USDC.
It will cost the equivalent of 5 $BALDR ($50USDC) in $TAKO or $INKU at the moment of purchase. Those NFTs will be acquirable at TakoDeFi website when the ITO starts.
We will be using a contract that complies with opensea for the NFTs but will be using takodefi.com and app.baldr.network to mint the NFTs. Remember that the NFTs are limited in the ITO and in the INO as well!
About Baldr Network
It is a defi 2.0 project driven by the community based on the principles portrayed by Baldur: Beauty and Just.
A transparent and trustworthy environment using the benefits Decentralized Finance 2.0 including but not limited to: sustainable auto inflation and deflation mechanisms, investor protection through treasury regulated APY
SOURCE: https://baldrnetwork.medium.com/how-will-the-ito-ino-be-used-5b049aad7674
