Participate in IDO
Users can participate in an IDO and buy project's token. This makes them investors of a project, with potential prospect of token growing in price.
To participate, users must purchase and stake HYPE — the platform token used as the univeral platfrom currency for all IDOs.
Overall, the whole participation process is divided into several stages:
Creating an account.
Connecting a wallet.
Purchasing HYPE.
Staking HYPE.
Choosing an IDO and registering to participate in it as a buyer; waiting for a raffle to see if a randomizer whitelist you as a sale participant.
If whitelisted by the randomizer, purchasing project tokens in an IDO sale.
Claiming purchased token, following the vesting policy.
After the vesting period is complete and token has graduated to Morphex Trading Hub, user can trade it there for other crypto assets.
Staking HYPE
To stake HYPE
Navigate to the Staking page.
Enter a desired amount of tokens and click Lock HYPE.
There are three tiers (1, 2, 3), each offering different levels of allocation and staking multipliers based on the amount and duration of the stake. You can choose to lock HYPE for: 90 days with no boost, for 180 days with a 1.5x boost and for 360 days for 2x boost. Higher-tier users will have a chance to purchase a larger token allocation. Tier levels: 1. Tier 1: 10001+ (HYPE) 2. Tier 2: 1001 - 10000 (HYPE) 3. Tier 3: 0 - 1000 (HYPE)
When making a stake transaction, a separate stake position is created, stakes are not summed up. The stake duration cannot be prolonged after the stake is made. If you wait for the staking period to end, you can unstake the tokens for free, without a penalty fee. It’s also possible to unstake tokens anytime for a penalty fee.
Registering for an IDO Sale
Users register their interest to participate in the sale during the registration window, specified by the project that holds the sale. A randomizer then goes through the pool of such users and randomly chooses the participants.
To register:
Visit the main page of Hyperlaunch IDO, choose a project and click Invest Now.
Once the project with an open registration phase is selected, you can register for it and wait to see if you're whitelisted to participate in the sale. Registration is off-chain, and users can still modify their tier/stake during this phase.
A snapshot fixing TIER, LOCK PERIOD and a wallet address is taken once the registration phase is finished.
A randomizer then runs a raffle and selects the final whitelisted participants (e.g. 500 users from 3000 applicants).
Whitelisted addresses are then uploaded to the blockchain as part of the final IDO deployment.
Whitelisted users are notified by email about then beginning of the IDO sale. Each participant is allowed to purchase tokens up to a maximum amount determined by their tier level. Higher tiers provide access to larger purchase limits, ensuring fair allocation across all participants.
Purchasing Tokens in an IDO Sale
Buying phase. The IDO token sale begins, opening first to the highest tier. Whitelisted users are notified by email that they can participate in the certain IDO round. To purchase tokens:
Navigate to the IDO sale page.
Purchase the token.
Each tier remains open for 6 hours before closing and giving access to the next tier.
Tier 1 — hours 0-6
Tier 2 — hours 6-12
Tier 3 — hours 12-18
Each round allows only users of the corresponding tier to buy tokens. If any tokens remain unsold after the Buying Phase, the final phase – Community Phase – opens to the entire Hyperlaunch community on a first come first serve basis. This phase is open for a maximum of 6 hours (18-24h).
The remaining token supply that was not sold out remains locked for 90 days. After that, the admin can withdraw the tokens.
Claiming Purchased Tokens
Purchased tokens are not immediately available. Instead, they follow an IDO project-set vesting schedule.
Your investments page may look similar after investing in some projects.
You can claim unlocked portions once they become available.
Post-IDO Token Utiliry and Trading
After the vesting is complete, users can or have claimed their purchased tokens in full and can start trading them. When the project token graduates, it becomes available for trading on Morphex Trading Hub where you can trade it for other crypto assets.
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