Quoll Finance IDO on Impossible Finance
Quoll Finance – a yield booster and on-chain liquidity optimize, will launch its upcoming IDO on Impossible Finance.
The protocol’s first product leverages the veToken/boosted yield model pioneered by Convex and Curve Finance. Quoll applies it to DEXes on BNB chain and others, such as Wombat Exchange, to provide boosted yields for LPs and extra rewards for defi liquidity providers.
Quoll is also one of the teams participating in the “Wombat Wars” on BNBchain, so to align the timeline of product launch, the Quoll team will be conducting a shorter Impossible IDO to make sure that it can launch its tokenomics in line with its product. Please note that this will not be the standard IDO length, and they appreciate your support in understanding this non-standard staking length.
You can learn more about Quoll Finance by checking out their whitepaper.
Important links
Participate in the IDO via the Impossible Launchpad
Learn how to use the Impossible Launchpad
Subscription Timeline:
- KYC Preparation Period: Rolling ongoing basis. Users can submit their information and pass KYC anytime during the entire IDO timeline. Only users that have completed KYC & are from accepted countries will be able to participate in this sale.
- Staking Period: 25/10/2022 10:00 AM (UTC) to 01/11/2022 10:00 AM (UTC). After completing KYC, stake IDIA and vIDIA into Impossible’s Launchpad staking contract, which will record user’s staked IDIA and vIDIA balances. User’s IDIA and vIDIA balances will be captured onchain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
- Purchase Period: 01/11/2022 2:00 PM (UTC) to 02/11/2022 2:00 PM (UTC). Subscription will open at this time for all eligible users for 24 hours. Users may elect to purchase any amount of QUO up to the allocation derived from the staking period.
- Claiming Period: No earlier than 03/11/2022.
Quoll Finance Token Sale Details:
- Token Ticker: QUO
- Launchpad Sale Hard Cap: US$500,000 (split into multiple pools)*
- IDIA Standard pool: US$25,000 (5%)
- vIDIA Standard pool: US$245,000 (49%)
- vIDIA Unlimited pool: US$180,000 (36%)
- Whitelist allocation: US$50,000 (10%)
- Token Vesting:
- 10% upfront at Token Listing
- 1 month cliff, remaining unlocked linear over 9 months (1% released every 3 days)
- Buy-back Protection Program: 50% downside protection from public sale price (details & terms to be announced later)
- Day 1 Circulating Market Cap: TBD
- Total Token Supply (TTS): 1,000,000,000 QUO
- TTS Allocated to Impossible Launchpad: 5%
- Public Sale Token Price: 1 QUO = 0.01 BUSD
- Listing Price: TBC
- Token Sale Format: Staking Subscription
- Sector: DeFi
- Supported Staking Tracks: IDIA and vIDIA staking only
- Learn more via QUO Medium
- KYC requirements: Residents from countries or regions such as US, Mainland China, and UN-sanctioned countries are excluded from participating.
Launchpad Pools (Sale cards)
For Quoll Finance IDO, they will be having 3 sale cards to cater to different users:
- IDIA Standard Sale: Stake limit — Users can stake a maximum of 25,000 IDIA tokens at any one time as consideration for allocation. The maximum QUO a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
- vIDIA Standard Sale: Stake limit — Users can stake a maximum of 50,000 vIDIA tokens at any one time as consideration for allocation. The maximum QUO a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
- vIDIA Unlimited Sale: No stake limit — Users can stake any amount of vIDIA at any time as consideration for allocation. The maximum QUO a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
- Whitelist Allocation Sales: Users can participate in their upcoming whitelist marketing campaigns and complete community-oriented tasks to stand a chance of winning guaranteed QUO allocation. Stay tuned to the Impossible Finance social media channels for more details!
Impossible Finance Buy-back Protection Program
At Impossible Finance, they want to set the tone for what Launchpads should be. They prioritize the community, first and foremost, and aim to find the best crypto opportunities for you and at the same time try to protect you against risks.
Users who stake into the Launchpad Pools can access the downside protection when participating in Impossible IDO #15. Quoll is confident in their abilities to grow the project and gladly accepted a 50% downside protection. A simple explanation is below.
This means that you can sell back the amount of QUO tokens purchased during the public sale, thus limiting potential downside price risk of QUO during the 10-month period. They are confident that the Quoll team will deliver on their product and roadmap, and that this protection can convey the same confidence to all participants in their public sale.
How to purchase IDIA Tokens
If users do not have IDIA tokens yet for the QUO IDO, you can purchase it via the below venues:
- Impossible Swap (Swap Guide)
- PancakeSwap
What is vIDIA, how to use the launchpad and how to manage your account
- You can learn more about vIDIA here and here.
- Learn how to use our Launchpad here.
- And learn how to manage your account here.
Token Allocation Calculation
- The token sale for QUO will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA and vIDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA and vIDIA balances recorded at the start of the staking period.
- This design is currently selected to ensure that all users can have proportionate access into the QUO token depending on which pool they enter. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
KYC Details
- KYC Preparation Period: Rolling ongoing basis. We require 50 IDIA or 25 IF tokens to start KYC to prevent bots from spamming our KYC partner. Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users’ IDIA, users have to pass KYC before the staking period begins. In other words:
- If users pass KYC after the end of the staking period, they will miss the opportunity to participate
- If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period
About Quoll Finance Finance
Quoll Finance is a veToken aggregator aiming to boost the DeFi ecosystem on BNB Chain. It will leverage intercosmic cross-chain infrastructure to attract liquidity and users from other blockchains. Quoll Finance will start with integrating Wombat Exchange and extend to multiple protocols.
About Impossible Finance
Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. They simplify DeFi so you can enjoy fairer investing, cheaper trading and better yields through their accelerator, launchpad, and swap platform.
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