This article comes fromMedium, the original author: Scaleswap
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We are pleased to announce that ENVELOP will launch IDO on Scaleswap on October 21 at 10AM UTC / 6PM HKT.
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About ENVELOP
ENVELOP is a flexible cross-chain toolset capable of supporting new NFT features (such as economic settings, on-chain royalties, leasing mechanisms, time/value/event locks), providing depreciation protection, and anti-fraud systems.
Three core parts of the ENVELOP project:
1. An agreement to add digital assets to NFT and set royalties on the chain;
2. Score the collateral through the oracle and evaluate the quality of the assets in the NFT;
3. An index that hedges the entire NFT market position - becoming one of the first decentralized and collateralized simultaneous market indices for NFT and related assets (synthetics, etc.).
Other highlights of the ENVELOP project:
1. Excellent team;
2. Top 10 in Binance Hackathon;
3. Obtain financial support from Rarible and Polygon;
5. Huge market demand.
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IDO details
This ENVELOP NIFTSY TOKEN IDO will be launched in Scalesap's public pool and private pool, with a total fundraising amount of 100,000 USD, of which 60,000 USD will be placed in the private pool (open to users according to the ScaleSCORE ranking), and the remaining 40,000 USD will be placed in into the public pool.https://bit.ly/3lRyMx5。
Want to know how to improve your ScaleSCORE? See link:
Note: Only whitelisted users who successfully complete KYC and comply with local regulatory regulations are allowed to participate in IDO (the same applies to public and private pools).
TOKEN code: NIFTSY
Initial Market Cap: $850,000
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Private Pool Details
Launch time: October 21 at 10AM UTC
Total amount raised by private pool: $60,000
TOKEN IDO Price: $0.03
Maximum limit per person: USD 300
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Public pool details
Launch time: October 21 at 10AM UTC
Total amount raised in public pool: $40,000
TOKEN IDO Price: $0.03
Maximum limit per person: USD 200
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Whitelist and KYC activities are live
Whitelist start date: October 11 at 12pm UTC
Whitelist end date: October 20 at 12pm UTC
TIP: We strongly recommend that you interact with Fractal (ENVELOP's KYC provider) using a Fractal account connected to an email rather than a phone number.
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Public pool whitelist registration address, pleaseclick。
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Participants will need KYC after being selected.
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Description of private pool based on ScaleSCORE
For private pools, you only need to enter your email, and wallet address containing SCA tokens and ScaleSCORE. Submitting a wallet address containing SCA tokens (tokens connected to https://app.scaleswap.io/) in the whitelist form and ALSO is essential during the KYC process.
Note that the KYC process has now been adjusted so you don't need to wait for an email to proceed, the link will be provided directly in Gleam during the whitelisting process.
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More about private pools
Participation in private pools is mainly based on ScaleSCORE ranking, for ENVELOP (NIFTSY) private pool, the top 200 ScaleSCORE holders ($60,000/$300 = 200 participants) will enter this IDO within the first 15 minutes.
However, it should be noted that the top-ranked ScaleSCORE holders may also give up participating in the IDO, or may not invest the maximum amount in the IDO, so we conservatively estimate that more than 200 users should enter the private pool first.
Click hereClick here。
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Overview of Private Pool Whitelist Hierarchy System
1. Private pool size/maximum allocation amount = maximum guaranteed number of participants.
2. The number of participants will be determined according to the ScaleSCORE ranking.
3. We provide a 15-minute time window to ensure fair participation.
4. After the 15-minute window expires, we will whitelist the subsequent top 50 ScaleSCORE holders until the private pool is filled.official discussion group。
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Be wary of scams
Entering the IDO phase is exciting for the ENVELOP project, but it can also make the community the target of scam attempts, so try to protect yourself.
2. We will always beherehere
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common problem
common problem
1. Which countries will be excluded from IDO participation?
Please note that if you are a US citizen, resident (tax or otherwise) or green card holder you cannot participate in the whitelist, this restriction also applies to the General Terms and Conditions.
2. How will ENVELOP stop bots and cheating?
