How to do an IDO on CardStarter
An IDO, or Initial DEX offering, is the latest way for crypto projects to sell their tokens to the public Last summer a decentralized blockchain/AI platform, announced that it will hold an Initial Dex Offering (IDO) on Binance DEX.
CardStarter is a decentralized accelerator and swapping platform, connecting early-stage Cardano innovators with their community of donors.“We provide $CARDS holders early access and guaranteed allocation to seed rounds, presales, and private sales of Cardano projects. By utilizing CardStarter, developers building on the Cardano Network will have an avenue to generate early support through the ERC20 network.”
How does it work?
By launching on ERC20, CardStarter allows developers to get early support and funding. As soon as projects are deployable through Cardano’s Plutus platform, CardStarter will migrate and all projects to work on the Cardano blockchain.
Through CardStarter, community members will be provided with the right to participate in the token sale round of trusted projects on the Cardano blockchain that has been tested by CardStarter. Through a decentralized system, CARDS token holders are securely allocated to the seed round, presale, and public sale of projects launched through CardStarter’s platform.
By establishing individual limits and a fair distribution system, CardStarter protects community advocates from dumping. The goal of the project is to provide projects with a sustainable growth path and prevent retail investors from being harmed by whales taking profits as soon as projects are listed on the exchange.
What are the benefits of CardStarter?
There are numerous benefits for both investors and project developers. A portion of the initial funds raised will be used to create an insurance fund, which is built to protect the community from the financial risk of investing in a failed project. All projects raised through CardStarter’s platform will be required to contribute to the development of the insurance fund. Continuous staking of CARDS after completion of IDO ensures users will be eligible for insurance related to that project.
CardStarter offers the Cards Accelerators program to support project developers. Projects that pass the CardStarter appraisal round will have access to services provided through CardStarter’s partner companies. These services include Social media strategy, Community development, Token engineering, Awareness raising, Brand building support, Graphical, and Web3.
Members have secure access to sales of Cardano projects and they are protected against the risk of pre-sale deposits.
How to start with CardStarter?
The best way to get familiar with CardStarter is to visit their website, join the Telegram group, follow them on Twitter and Medium.
Participants are encouraged to start the KYC process at their earliest convenience. Residents of Iran, Korea (North), Syrian Arab Republic, Cuba, Crimea region of Ukraine, United States, Virgin Islands, Puerto Rico are prohibited from participating in IDOs.
$CARDS is available on Uniswap.
The Wildcard tiers are all lottery-based with varied probability/pool weight. The participant can take a part in the Wildcard tiers with 100 CARDS tokens.
Face Cards Tiers
· King of Clubs
How to join IDO on CardStarter?
To join IDO there are a few steps for staking CARDS.
- You have to connect to the staking platform with your web-based Ethereum wallet that contains your $CARDS
- Approve and confirm the transaction on your wallet
- Enter the amount of CARDS you want to stake and select Stake
- Confirm staking and tier to join IDO
IDO registration steps
- Your first step is to visit pools on the CardStarter website https://pools.cardstarter.io/ Find the Live IDO section and after clicking on it you will be redirected to the registration page
- Register and confirm the transaction on your wallet
- Once the transaction is confirmed, the interface will show “Registered” status and the CARDS token will be locked until 7 days after the end of the SoMee IDO
- Buy tokens in the IDO opening event
- Find the IDO purchase transaction in your wallet history and click on the “View on Etherscan” link to find IDO token details.