POLYDeFi Whitepaper
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How does the POLYDeFi IFO process work?
Here we will give insight on the whole IFO process and tiered launchpad pools.
Let's start of by saying that not just any project will be eligible for a launch at POLYDeFi. POLYDeFi will only launch serious projects who have their main platform as good as ready. The IFO process goes as followed:
- 1.Starting projects will apply for a launch on POLYDeFi by filling in a form on our website or starting projects are scouted by our community, by our advisors or by our team.
- 2.When the team values the project's ideas as interesting, we will set up a telegram group chat with the POLYDeFi team, the starting project team and 1 random community member from POLYDeFi (for transparency purposes).
- 3.In this chat we will meet the starting project team, get deeper into their project and talk about numbers.
- 4.When agreed on the numbers we will do our strict due diligence and do a KYC.
- 5.If everything checks out, we will host an AMA in the POLYDeFi community chat to inform the whole community on the IFO project.
- 6.Feedback on the AMA will be collected from the POLYDeFi community.
- 7.When the POLYDeFi team decides to move forward with the starting project, a launch date and time will be picked. Also a marketing checklist will be shared, which the starting project will need to follow. This checklist must be fully checked before launch day. This checklist will make sure the project has a community backing it up, which our community can merge with.
- 8.In the meantime the POLYDeFi app will be set up according to the agreements.
- 9.The "Lock" button to Lock $OCTAGON tokens and to confirm IFO participation in the $OCTAGON pool will be enabled +-24 hours before launch.
- 10.The "lock" button disables +-1 hour before the IFO starts.
- 11.Buying with $USDC will be made available. The maximum contribution amount is set according to the tier that is qualified for.
- 12.When the IFO is finished, claiming IFO project tokens will be made available immediately after the token listing.
- 13.If the soft cap is not reached, all funds will be refunded.
- 14.+-72 hours after claiming is made available, $OCTAGON will get unlocked.
POLYDeFi IFOs
$OCTAGON token holders are able to stake their tokens into the $OCTAGON pool and lock their tokens in this pool to confirm their launch participation. There will be a 23 hour time window in which Investors will be able to lock their $OCTAGON tokens to confirm IFO participation. 1 hour after locking is disabled, the contribution with $USDC will made available according to the tier that is qualified for. Everybody who locked their $OCTAGON tokens in the farm can contribute as much $USDC as they feel comfortable with, up till the maximum amount that their tier lets them buy with. When the IFO is finished, claiming will be made available. 72 hours after claiming is made available, the $OCTAGON tokens will get unlocked. Locking and unlocking $OCTAGON tokens is mandatory for each IFO!
POLYDeFi IFOs will be first come first serve.
Tiered launchpad pools
POLYDeFi will work with tiered launchpad pools. Tiered launchpads are working as followed:
POLYDeFi has a total of 4 tiers, each with its own tier size. The amount of LP tokens needed to qualify for each tier will be made available soon.
- Tier 1- Bronze -
- Tier 2 - Silver -
- Tier 3 - Gold -
- Tier 4 - Platinum -
Last modified 5mo ago
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Tiered launchpad pools