๐ชLaunchpad
Launchpad on KittySwap is designed to support the cryptocurrency industry ecosystem by providing $KITTY users with priority subscription rights to premium projects.
Launchpad on KittySwap allows $KITTY holders to put a certain amount of $KITTY towards projects listed on KittySwap launchpad.
Allocation mode
Kittyswap provides 3 allocation mode for Projects, helping to set the rules for the different phases according to the needs of the program.
First Come, First Served๏ผFCFS)
Sunshine Allotment ( Proportional Distribution)
VeToken Mining Allocation
Commonalities:
Project parties are required to provide the following fundraising information when using those rules:
โ Fundraising Token, detailed information, expected fundraising amount.
โ Selling Token, detailed information (project introduction, ecosystem operation, etc.), selling amount.
โ Whitelist participation start time, regular user participation start time, end time. (Whitelist can be configured by the project party)
โ Whether the public offering requires lock-up, lock-up ratio, lock-up period.
โ Whether the redemption mode needs to be activated, redemption start time, end time.
Difference๏ผ
| Participate during IFO | Time to claim token | Allocation rules |
First-come-first-served (FCFS) | NO | After IFO | random |
Sunshine Allotment ( Proportional Distribution) | YES | After the IFO
| ๏ผToken is distributed according to the share of the funds, any excess funds are returned)
|
veStaking Pledge Proportion | YES | After the IFO | stake $Vekitty and get the launchpad shares, token allocation based on the staking ratio |
For example:
If the Project P needs to sell 100 P tokens, raising 10 ETH in total, they need to complete the following basic preparations:
โ Submit P token information.
โ Choose to have whitelist users, either set whitelist rules independently or submit them to the platform.
โ Whitelist user start time at 12:00, regular user start time at 12:30, end time at 15:00, redemption time: 15:00 - 16:00.
โ Lock-up info: lock-up 60%, lock-up period 10 days with linear release.
โ Setting participation rules for users:
###First Come, First Served:
Assuming users A, B, and C participate in the launchpad campaign together. User A purchases 6 ETH, userB purchases 4 ETH, and at this point, userC has no remaining quota to purchase.
After the end, A claims P tokens first, obtaining 24 P tokens, with the remaining 36 P tokens linearly released. A can redeem by returning only 24 P tokens, redeeming 6 ETH, and the remaining 36 XXB cannot be released.
###Sunshine Allotment:
Assuming users A, B, and C participate together. A purchases 15 ETH, B purchases 5 ETH, and at this point, C purchases 5 ETH.
After the end, A claims P tokens first, obtaining 24 P tokens, and also returns 9 ETH. The remaining 36 P tokens are linearly released. A can redeem by returning only 24 P tokens, redeeming 6 ETH. The remaining 36 XXB cannot be released.
###VeToken Mining Allocation:
Users A, B, and C stake VeKitty. During this period, A, B, and C stake and mine successively, based on their stake time and amount.
Mining rewards: A: 60, B: 20, C: 20.
After staking VeKitty, A, B, and C can freely purchase N ETH. Suppose A purchases 15 ETH.
After the end, A claims P tokens first, obtaining 24 P tokens, and also returns 9 ETH. The remaining 36 P tokens are linearly released. A can redeem by returning only 24 P tokens, redeeming 6 ETH. The remaining 36 XXB are also not released.
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