5 STEPS TO SECURE YOUR IDO SPOT ON GAMEFI LAUNCHPAD
Akichuchu
Jun 5, 2022•4 min read
An Initial DEX Offering (IDO) is a crowdfunding method that allows blockchain projects to raise capital directly from the community via launchpads. This decentralized approach ensures a fair and transparent distribution of tokens, reducing the risk of manipulation and giving early supporters the chance to participate in the project's growth.
How a Community-Focused Launchpad Like GameFi.org Works
GameFi.org launchpad is a community-focused launchpad designed to support new crypto projects raise funds through IDOs while allowing investors to discover and invest in early-stage crypto projects before they are listed publicly.
GameFi.org offers the community two ways to participate in an IDO:
- Stake-to-access: Staking involves holding cryptocurrencies for a certain period to receive rewards. On GameFi.org, staking $GAFI is required to join the Guaranteed Phase (1st phase) of the IDO. The higher your staking rank (Legend, Pro, Elite, and Rookie), the better your chances of being whitelisted for the IDO and receiving a larger allocation. Learn more about staking ranks here: https://gamefi.org/staking
- First-Come First-Served (FCFS): If you don't stake, you can still participate in the IDO during the FCFS phase (2nd phase) if you are quick enough. However, hot projects often sell out in the 1st phase.
GameFi.org also protects investors through a refund policy, allowing participants to request a refund within a specified period if they are not satisfied with the project's progress. This policy makes the IDO process on GameFi.org more reliable and investor-friendly.
5 Steps to Join an IDO on GameFi.org
Let’s take a quick tour to learn how to join IDO on GameFi.org, just by 5 basic steps:
Step 1: Get $GAFI
Get $GAFI on KuCoin, Gate.io, or PancakeSwap to participate in IDOs on GameFi.org.
- $GAFI trading link on Kucoin: https://www.kucoin.com/trade/GAFI-USDT
- $GAFI trading link on Gate.io: https://www.gate.io/trade/GAFI_USDT
Step 2: Connect Wallet & Stake $GAFI
- In the top bar of the website, click on the green button “Login”.
- The Connect Wallet window will pop out. Choose the type of network and related wallet to continue.
The main wallet is for Staking, KYC, applying for the whitelists of the IDO pools.
- Click the dropdown arrow near the wallet’s address and choose “My Profile” to add sub-wallets. The sub-wallet is required for applying the whitelists of the IDO pools based on Ton, Sei, Sui and Solana networks. They are also used for receiving tokens on Ton/ Sei/ Sui/ Solana addresses.
- Click on the plus icon, enter wallet address then click “Save” to update
- Access gamefi.org/staking to stake $GAFI. To join IDOs, users need to reach one of these ranks on GameFi.org: Rookie, Elite, Pro, Legend. Refer to GameFi.org ranking system HERE.
Step 3: Complete KYC
- KYC process is required for whitelisting applications once staking successfully.
- This process is done only once.
- Click “Verify Now” and fill out all the required fields to complete the KYC.
Note: It takes you from 24 to 48 hours to have your submission approved.
Step 4: Apply Whitelist
- After finishing the KYC, choose any projects that you are interested in and click at “Apply Whitelist”.
Note: The requirements to join the whitelist are different for each pool and are decided by the project team.
- Fulfill the information of Twitter & Telegram usernames. Then click “Apply Whitelist”.
Step 5: Join IDO
- In the ‘Swap’ tab in IDO, users will be allowed to swap the token. After checking the Allocation and wallet balance, users could input the amount they want, or click ‘Max’ to auto-fill with their max. Then click ‘Approve’.
- After the Approving process, users will be moved to Step 2: Swap. Fill in the amount you want to purchase.
- Confirm wallet and wait for the transaction process. In the Rounds Info area, users can check the purchased tokens.
- When it’s claiming time, you will see 2 option in the pool: CLAIM or REFUND. Just a click to claim or request a refund for your tokens.
Note: Depending on each project, users will claim tokens on gamefi.org or an external website or receive an airdrop to a sub-wallet.
About GameFi.org
GameFi.org is an all-in-one discovery hub for games and metaverses. We aim to build digital communities and manage virtual economies for mainstream adoption. GameFi.org offers a suite of solutions covering the entire games and gamified projects lifecycle, following a vision of one digital platform, one virtual identity requiring zero blockchain knowledge. Visit https://gamefi.org/ for more information.
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Akichuchu
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