In this article, I will tell you more about the stages of IDO on the CRODO site, I think it will be useful for you to know this in anticipation of the public sale of the CROD token. Happy reading everyone!
The IDOs of all projects on the CRODO platform have the same 4 stages that participants will go through in order to receive their tokens:
- The first stage of IDO is registration in the whitelist, at this stage participants perform tasks with social networks to get their lottery tickets, or invest tickets for staking CROD tokens. This stage is skipped by participants with guaranteed allocation.
- The second stage of the IDO is a lottery, during which those who win the allocation are randomly determined. Again, this stage is skipped by participants with a guaranteed allocation.
- At the third stage of IDO, token sales begin, at which time all participants who have an allocation must redeem it.
- And finally, the fourth final stage of IDO is the distribution of tokens among all IDO participants who have redeemed their allocation, depending on the volume of the allocation they have redeemed.
Also, do not forget that if some level of participants has not redeemed all the available tokens, then the second stage of the sale is automatically added when the remaining tokens are evenly distributed among the other levels. If after the second stage of the sale there are tokens left, then the remainder is returned to the project.
CONCLUSION
So you have learned about how IDO will be held on the CRODO platform, now you are ready for the upcoming sales of the CROD token. I hope this article was helpful to you, thanks for reading!
https://twitter.com/Kiemi_Takada is my twitter account.
https://crodo.io/profile/ambassador — website of the ambassador program.
https://docs.crodo.io/ - whitepaper of the project.
https://t.me/crodoruchanel - telegram channel of the Russian community CRODO.
https://www.instagram.com/brokensh1ne/ is my instagram.