IDO
Graphite token is IDOing 2million tokens on the 9th of Febuary 2023.
Last updated
Graphite token is IDOing 2million tokens on the 9th of Febuary 2023.
Last updated
TLDR:
The Graphite Protocol IDO will start on February 10( UTC), 2023 and run for 3 days. Liquidity will only be deposited on the final day of the IDO (claim day). The token cost will be lower for those who opt for longer vesting periods. The initial LP deposit price for Graphite will be $0.42 per token. IDO Information: The Graphite Protocol IDO refers to the Initial DEX Offering of the Graphite Utility Token. This is the official public sale event for the token. The Graphite Protocol includes various products and services such as the Graphite Mainframe, Mintport, Graphite Labels Services, HQ Production Suite, and others. How the Graphite Protocol IDO Works: The Graphite Protocol IDO will take place from February 10th ( UTC) to Febuary 13th 7PM UTC, 2023. The IDO will provide an opportunity for people to buy tokens for a period of three days. Once the IDO ends, a claim button will be displayed on the user interface, enabling users to claim the tokens they have purchased. 2 million Graphite Tokens will be available for the public to purchase. Participation in the IDO is restricted to select regions due to varying laws and regulations regarding token sales these restrictions are based on IP address access. The price of the token is based on the vesting period selected by the user, with longer vesting periods being more cost-effective. The IDO only accepts USDC as payment and users will receive Graphite Tokens in exchange for depositing USDC into the contract. These following countries are IP restricted from accessing the IDO: Cuba, Iraq, Iran, Liberia, North Korea, Syria, Sudan, South Sudan, Antigua, United States, American Samoa, Guam, Northern Mariana Islands, Channel islands, Puerto Rico, United States Minor Outlying Islands, US Virgin Islands, Ukraine, Belarus, Albania, Burma, Central African Republic, Democratic Republic of Congo, Lybia, Somalia, Yemen, United Kingdom, Thailand, Romania, Gibraltar. Here's the vesting options: No vest: .50C/Token: NOTE- Graphite Inital LP will put the token at .42C 6 months: .45C/Token 12 months: .32C/Token 22 Months: .23C/Token. The tokens will be released daily according to the selected vesting period, starting immediately after purchase but not claimable until the final day of the IDO. For instance, if a user selects a 12-month vesting period, they will receive a portion of the tokens every day until the 12 months have passed and all tokens have been vested.
Here's an example with 1000 tokens.
1000 tokens / 365 days(12months) = 2.73 tokens/day claimable.
