Follow the Presale
A user can join a project's presale if they meet the following conditions:
  • The user has a KYC in the context of the project is tagged as one of the following:
    • WaitingForReview (auto processed, waiting for batch process)
    • InReview (waiting for batch or needs manual processing)
    • Verified
  • They are between opening time and closing time for the desired project and tier.
  • The user has any tokens left in a currently open tier.
  • The user has accepted the Launchpad Privacy Policy and Terms and Conditions.
  • The user has accepted the Project's Policy and Terms and Conditions.

Allocation method

Presale / IDO method basically follows the reverse dutch auction format which is quite popular in crypto launchpads. There is a limited number of tokens and the number of tokens sold each day is equally divided among the duration of the ICO.
So, for instance, if the ICO lasted for five days, 20% of the total token amount would be sold each day. This controls the distribution of tokens if there is significant demand for the ICO.
Token volume is allocated equally between the 5 tiers in one pool. Tiers open from 1 to 5, based on opening times. There's always one tier open at a time. Users can either buy on Price or buy the max purchase limit of their given tier.

Payments

Users can make an unlimited number of purchases so long as the remain within their token purchase limit. Because of anti-money-laundering and PEP regulations, users can only make payments with the wallet linked to their BlockPass profile.
Users can make payments using NXTT or USDC (one at a time). NXTT conversion rate is fixed by the project in USDC.
For example, let's say a Tier3 user joins in the presale of a project that has 10M of tokens, divided into 2M for each tier. The token purchase limit is 100 kUSDC for every single tier and the NXTT conversion is fixed on 0.1 USDC / NXTT.
So then the user spends the max. possible 100 kUSDC when Tier3 opens, then spends an additional 850k NXTT tokens when Tier4 opens. Later on, the user spends an additional 5k USDC in a new transaction. This is 90% of the limit in Tier4, but the user decides to stop buying more and spends nothing in Tier5.

Claiming

The vesting and claiming mechanism is based on the claiming method of the NXTT project:
  • The user needs to perform a claim operation in the project's claim period at least once.
  • The user can only claim with the wallet address verified in the KYC process and used for payment in the presale period.
  • Only the non-vested token amount can be claimed.
  • Only users with the Verified KYC state can perform a claim operation.
  • If the user misses the first (which can be also the last) claiming operation in a claiming period or cannot perform the operation because of missing KYC verification, the user must contact customer support. Customer support will then send back the appropriate USDC amount manually.

Unclaimed Token Pool

Unclaimed tokens will be airdropped manually onto users who claimed tokens already.
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