Impossible Finance x OSWAP IDO

Impossible announced that Openswap (OSWAP) has graduated from the Impossible Incubator and will be second launchpad project — OSWAP Token Sale.

🔸Subscription Timeline:

• *Dedicated KYC Preparation Period: 2021/08/22 5:00 AM (UTC) to 2021/08/29 5:00 AM (UTC): During this period, users can submit their information and pass KYC. *Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed
• Staking Period: Block 10356900 to Block 10472100 estimated to be 2021/08/26 5:00 AM (UTC) to 2021/08/30 5:00 AM (UTC). After completing KYC, stake IDIA into Impossible’s Launchpad staking contract which will record user’s staked IDIA balances within the 4 day period. User’s IDIA balance 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: Block 10478000 to Block 10506900 estimated to be 2021/08/30 10:00 AM (UTC) to 2021/08/31 10:00 AM (UTC). Subscription will open at this time for all eligible users for approximately 24 hours depending on BSC block times. Users may elect to purchase any amount of OSWAP up to the allocation derived from the staking period.
• Claiming Period: Block 10509300 estimated to be 2021/08/31 12:00 PM (UTC) onwards. Users will be able to claim their OSWAP tokens on the Impossible Launchpad.

🔸Openswap Token Sale Details:

• Token Name: Openswap (OSWAP)
• Launchpad Sale Hard Cap: 340,000 USD (split into multiple pools)
  — Standard pool: 164,500 USD
  — Unlimited pool: 164,500 USD
  — Campaign Whitelist pool: 11,000 USD
• Total Token Supply: 1,000,000,000 OSWAP
• Day 1 Circulating Market Cap: $1,000,000
• Tokens Allocated to Impossible Launchpad: 8,500,000 OSWAP* (0.85% of Total Token Supply)
• Public Sale Token Price: 1 OSWAP = 0.04 USD (BUSD)
• Listing Price: TBD — 0.05 USD (BUSD)
• Token Sale Format: Staking Subscription
• Sector: Impossible Finance Markets Track
• Supported Staking Tracks: IDIA staking only
• Learn more on their Tokenomics here

🔸Launchpad Pools (Sale cards)
For OpenSwap (OSWAP) IDO, we will be having 2 sale cards to cater to different users:

• Standard Sale: Stake limit — Users can stake a maximum of 50,000 IDIA tokens (approximately 10,000 USD worth at time of calculation) at any one time as consideration for allocation. The maximum OSWAP a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
• Unlimited Sale: No stake limit — Users can stake any amount of IDIA at any one time as consideration for allocation. The maximum OSWAP a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
• Note: As a marketing campaign whitelist allocation winner, it is possible that in addition to these 2 sale cards, you will see additional sale cards corresponding to the $50 or $100 whitelist campaigns that you participated in and won. For all other non-winners (i.e. did not participate or participated and did not win), you should only see the Standard Sale and the Unlimited Sale cards.

About Openswap

OpenSwap is committed to becoming the most comprehensive one-stop DeFi hub offering the best on-chain pricing and multi-chain arbitrage and trading. OpenSwap allows users to experience benefits through optimizing their trades with OpenSwap’s unique features: Liquidity Queues, Hybrid Routing, DEX Aggregator, and Inter-Chain Liquidity Swaps, all on one platform.

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.

📰 INFO

https://medium.com/impossiblefinance/the-impossible-finance-ido-oswap-token-sale-2c09a93f22