An Initial Dex Offering (IDO) is a vital step in the life of a protocol. It helps with vital funding to support the team and sets a pricing precedent to determine what the price of a token should be going forward.
That is why Nucleon, the first and only liquid staking solution on Conflux eSpace, is thrilled to announce its upcoming IDO on Swappi’s Launchpad.
IDO Offering Specs
Here are the details of the upcoming Offering on Swappi’s Launchpad:
Date: February 5th — 8th
Time: 13:00 GMT
Total Tokens Offered: 3,000 NUT
About NUT
NUT is Nucleon’s governance token, NUT will be used to vote on proposals about the use of protocol treasury funds, and boost staking returns.
You can learn more about future NUT emissions in the tokenomics section of our Documentation page
How to Participate in the Offering:
Swappi has an excellent detailed guide on how to participate in offering on Launchpad. Check out the guide here:
In a short summary, there are two parts tothe IDO:
- Pre-Sale
- Regular Sale
Pre-Sale
To participate in the Pre-Sale part of the IDO, potential buyers must meet a certain Launchpad score. Visit Swappi’s Launchpad to find the required Launchpad score. Genesis Pass NFT holders will be able to participate with a lower score. The Pre-Sale will have a set time window for users to buy.
Regular Sale
The regular sale begins after the Pre-Sale window closes provided there are any remaining tokens.
FCFS
During each time window, the offerings will be on a “first come first serve” basis. That means whoever clicks on the buy button first will have their purchase processed first.
How to Pay for the Offering
Users will be able to use CFX to pay for the NUT offering
How to Claim NUT After the IDO Ends
IDO participants will be able to claim their NUT after the IDO ends on Swappi’s Launchpad.
About Nucleon
Nucleon is a liquid staking solution for Conflux PoS backed by industry-leading staking providers. Nucleon lets users stake their CFX without locking assets or maintaining infrastructure.
Our goal is to solve the problems associated with Conflux PoS staking — illiquidity, immovability, and accessibility — making staked CFX liquid and allowing for participation with any amount of CFX to improve the security of the Conflux network.
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About Swappi:
Swappi is an Automated Market Maker (AMM) based decentralized exchange (DEX) deployed on the Conflux network, allowing Conflux users to have a new venue to swap, stake, and earn yields on their crypto assets.
Swappi is the very first DEX to launch on eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. As an AMM-based DEX, Swappi lets users trade in a fully decentralized environment without registering or creating an account, enabling anyone to start trading within seconds.
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