Terrnado IDO Details & Rules on StarTerra!
StarTerra is excited to announce its latest IDO partnership with Terrnado! Terrnado’s IDO will run from the 01/04 to the 04/04 starting and finishing at 13:00 UTC, before they tell you all about their latest IDO, let’s take a brief look at what Terrnado stands for!
Terrnado wants to solve the next big issue on Terra! Providing a new transaction platform to remain completely anonymous! What Terrnado is proposing is a fully end-to-end anonymous Terra transaction platform allowing users to send 100% anonymous transactions across Terra with no fear of discovery.
In essence, Terrnado’s “Anonymizer” smart contract will allow any Terra user to transfer $UST or any other CW20 token for that matter fully anonymously by breaking the links between transactions thereby making them completely untraceable whether deposit or withdrawal.
This solution has a multitude of use cases within the ecosystem, such as, but not limited to: Venture Capitals, Project Teams, Private Investors and Influencers. In all of these use cases Terrnado will excel at its functionality providing a long-wanted service on the Terra blockchain.
All in all, the process will look like this; the user will first deposit their $UST/CW20 token onto Terrnado through the Anonymizer. The user will thereafter receive a note that can now either be shared alongside the destination address to either another Terrnado user (in this case Anonymizer address) or withdraw to their own new address.
What’s more, is that all of your $UST assets that are simply sitting on Terrnado, are always generating yield inherently through Anchor Protocol, so you get the peace of mind of anonymity as well as receiving a great yield, not bad!
Anyways, let’s get into the details!
IDO Details
Total Supply: 100,000,000
IDO Token Price: 0.08 $UST
Vesting: 10% TGE + 9 Month Linear Release
Platform Raise: 2,000,000 $UST
Token Ticker: $TND
Blockchain Network: Terra
Initial Token Circulation: 7,500,000 $UST
Initial Market Cap: 973,500 $UST
IDO Rules
Recruits
Minimum STE: 250
Minimum Prefund: 300 $UST
Percentage of total allocation: 15%
Recruit tier allocation is 100% lottery
Faction
Minimum STE: 3000
Minimum Prefund: 700 $UST
Percentage of total allocation: 65% (Includes Squadrons)
Squadrons
Minimum STE: 500
Minimum Prefund: 300 $UST
WhaleCraft
Top 100 wallets across all Factions will receive a guaranteed allocation.
Percentage of total allocation: 20%
Please bear in mind, if you unfortunately didn’t receive an allocation, your prefund will only be unblocked whilst no IDOs are being processed.
How to Calculate STE:
StarTerra Energy(STE) = $STT(single asset) + ($STT-UST LP x 1.25)
For every 250 STE You receive 1 ticket for the lottery portion of the IDO!
Terrnado is definitely stretching the realms of Terra possibility with their latest project, and they can’t tell you how excited they were to share this one! They wish all their StarTerrans good luck in their upcoming IDOs.
To the airs of Terrnado and beyond!
About Terrnado
Tornado Cash is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses. Tornado Cash uses a smart contract that accepts ETH and ERC-20 deposits.
About StarTerra
StarTerra is a gamified launchpad that features Play2Earn, gamified NFTs, and multi-asset staking, built on the Terra Ecosystem. StarTerra is introducing a gamified system of competition between tiers (called “factions”) allowing their members to stake more of $STT native token than the minimum required amount.
📰 INFO
https://medium.com/@StarTerra/terrnado-ido-details-rules-92281712a951
