Netswap Launchpad V2 Sneak Preview
The whole process of Netswap Launchpad is simplified on V2 as below:
- Stake NETT to get wNETT as the ticket to enter Netswap Launchpad(More details about wNETT), 100 wNETT unlocks $600 allocation(This 1:6 ratio is for Dexpools IDO event, it might be changed for next project).
- Use accrued wNETT to deposit equivalent stablecoins into the active event on launchpad.
- Wait for the launch time to receive new tokens and refunds(if any).
Event Process
There are only three phases for the whole process:
- Prepare — This phase is used to notify users to accrue enough wNETTs to participate in advance.
- Deposit — Users could use wNETT to enter an active event during this phase, the more wNETT tokens users have the more stablecoins users will be able to deposit.
- Launch — This is the launch time for the new token, the issuer of new tokens could distribute new tokens to eligible users based on their deposit after the opening of this phase.
There are also two models for Netswap Launchpad V2: Primary Tier and Unlimited Tier. Projects launching with Netswap may choose to incorporate either or both models based on their needs.
Primary Tier
For this tier, there are only two limitations for depositing:
- Maximum deposit cap for each address.
- Maximum deposit cap for total raised stablecoins.
Unlimited Tier Details
For this tier, there are no limitations for depositing. The issuer only needs to set up a target amount of raised funds, which is also used to calculate the overflow multiplier of the target.
ABOUT Netswap
Netswap is a crypto platform based on Metis Layer2 that allows users to swap, earn and build in a decentralized way.
RESOURCES
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