TomoChain’s Governance Platform, TomoMasterDAO and its IDO on LuaStarter

LuaStarter is pleased to announce that TomoMasterDAO will be launched on LuaStarter, at 9AM (UTC), 15 October 2021.

TomoMasterDAO brings governance for grants to the TomoChain network, benefiting both the TomoChain community and other potential projects. TomoMasterDAO offers grants for launching projects, building software, and community initiatives relating to the TomoChain network. The decision of who gets funded lies with you.

This article will cover the details, timeline, rules for the IDO of TomoMasterDAO, and listing of the tDAO token on LuaStarter.

1. IDO Information

2. IDO Timeline & Rules

Timeline

• LUA staking deadline: 9AM (UTC), 8 October 2021
• IDO pool opens: 9AM (UTC), 15 October 2021
• IDO pool closes: 9AM (UTC), 17 October 2021
• tDAO token claim opens: 9AM (UTC), 20 October 2021

How to participate

Users are required to have their LUA tokens staked in LuaSafe or added in LUA-TOMO(E)* liquidity pool (either TomoChain or Ethereum) to be qualified for a tier and secure a minimum guaranteed allocation of the IDO token (See link for more details).

LUA tokens must be added in the designated protocols at least 7 days before and remain staked until the IDO opens.

*Note: the LP tokens staked in farming pools must be unstaked before the deadline.

Deposit:

• Once the IDO pool opens, users can find the minimum guaranteed allocation of the tDAO token in their profile.
• They can now deposit any amount of TOMO in exchange for tDAO token. Non-tier members can also make a token commitment that is not higher than half of the maximum allowed amount of tier 1 (Earth tier) members.

Allocation:

• Part of the tDAO supply for the IDO, if not all, will be first allocated to meet the minimum guaranteed allocation of all the tier members who have made a commitment.
• The remaining supply will be allocated to all the participants who have committed more than the minimum allocation, from higher to lower tiers and non-tier members; and from higher to lower amount of token commitment within the same tier.

Claim:

• The tDAO token claim will be open from 9AM (UTC), 20 October 2021. There will be no deadline for claiming the tDAO tokens.

tDAO Listing & Farming on LuaSwap

tDAO Listing

LuaSwap will launch a tDAO/TOMO liquidity pool (LP), after which swapping will be live from 9AM (UTC), 20 October 2021.

Dual farming pool — provide liquidity to earn rewards

Users will also be able to add liquidity to tDAO/TOMO pool and then stake LP tokens to earn tDAO & LUA tokens.

Reward emissions on the pool will begin shortly after the LP launches, to give users time to add liquidity and stake in the pool for yield farming.

About TomoMasterDAO

TomoMasterDAO is TomoChain’s Governance platform to offer fundings for projects built on TomoChain blockchain and community initiatives.

About LuaStarter

LuaStarter is the first multi-chain fundraising and Initial Distribution Offering (IDO) platform based on LuaSwap exchange.