How to Get Involved in Elexium Finance IDO: A Beginner Guide
UPTOBER HAS STARTED. And the excitement around Elexium Finance is real. It has been gaining a lot of attention recently, partly because they have released a series of publications over the past week, including their documentation, but mainly because there are hints everywhere that they are about to launch their token $EX. I know you might be tempted to skip the docs, but please take the time to read them carefully here.
Now that we have this information, we can take the necessary steps to get involved with $EX as early as possible. There’s no other way to do it than by participating in the IDO on AlphPad. If you’re new to the ecosystem, note that major token launches on Alephium take place on AlphPad. If you're familiar with how launchpads work, this will be easy for you. If not, don't worry, I've got you covered. I'll guide you through it in this article. For a more detailed explanation, please check out their documentation here whenever you have the time.
Before you sign any transactions, let's first discuss what an IDO is and how AlphPad conducts it.
Initial Decentralized Offering (IDO)
An Initial Decentralized Offering (IDO) is similar to an Initial Coin Offering (ICO). The only difference is, we don’t really use the term ICO here. AlphPad's IDO has three rounds:
Whitelisted Round: The first is the whitelisted round, usually lasting 48 hours. During this time, whitelisted participants get an allocation based on their tier, which sets the maximum they can buy. For instance, if you're in the Gold Tier (150,000 APAD), you might be able to buy up to 400 ALPH. More details on this will follow.
Public Round: After the whitelisted round, any remaining tokens are available for public purchase at the same price. These tokens usually sell out fast, often within two minutes. This is the public round.
DEX Listing: Once the public round ends, typically after another 48 hours, the tokens will be available on their chosen DEX. AYIN was the only option for a long time, but now Elexium Finance, being a DEX itself, will lock their tokens on their own platform.
Tier System Overview
Cost Calculation for Each Tier
APAD Price Today (Oct. 4, 2024): $0.0506
Alright, now let's dive into the most important part.
The 2 Ways to Get Whitelisted:
Stake between 10,000 and 1,000,000 APAD tokens in the AlphPad Vault.
Participate in the giveaways!
Steps:
Go to AYIN and swap your ALPH for APAD.
Visit the APAD website and stake your APAD in the vault.
Wait for announcements! AlphPad will share IDO details once all project requirements are met. Make sure you follow them on social media!
That's about it. But before you go, here are some important notes that could make the difference in getting whitelisted:
The APAD team will choose a date to take a screenshot of their vault within 30 days before the IDO. This prevents gaming the system, so the best time to stake is NOW.
Double-check your staked APAD. You don't want 149,999.99 APAD; you need exactly 150,000 APAD to be in the Gold Tier. You can verify this on AlphPad’s Leaderboards for accurate information.
When you unstake from the vault, your APAD will only be unlocked after 10 calendar days. Again, this is to prevent everyone from gaming the system.
Lastly, don’t unstake until AlphBanX launches. Not financial advice, but it looks like they are also ready to go.
One final thing. The AlphPad team will go heavy on Elexium Finance too. They will be purchasing 5000 ALPH worth of Elexium Finance’s token, $EX. If there’s anything I can say to convince you: Be early. And IDO is the earliest possible way you can get this token.
See you at the IDO. Cheers!
***Disclaimer:***The information provided in this article is for informational purposes only. It should not be considered financial advice. You should consult with a financial advisor or other professional to determine what may be best for your individual needs. We do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first conducting their own research and due diligence. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. Remember that investing in crypto involves risk, and past performance is no guarantee of future results.
