🎪Launchpad

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.

1. First Come, First Served（FCFS)

2. Sunshine Allotment ( Proportional Distribution)

3. VeToken Mining Allocation

Commonalities:

Project parties are required to provide the following fundraising information when using those rules:

● Fundraising Token, detailed information, expected fundraising amount.

● Selling Token, detailed information (project introduction, ecosystem operation, etc.), selling amount.

● Whitelist participation start time, regular user participation start time, end time. (Whitelist can be configured by the project party)

● Whether the public offering requires lock-up, lock-up ratio, lock-up period.

● Whether the redemption mode needs to be activated, redemption start time, end time.

Difference：

	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	（Token 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:

● Submit P token information.

● Choose to have whitelist users, either set whitelist rules independently or submit them to the platform.

● 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.

● Lock-up info: lock-up 60%, lock-up period 10 days with linear release.

● 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.