ILO Platform v2 (created before 25 August 2021)

This section is only applicable to ILOs created prior 25 August 2021

Eligibility to Unicrypt ILOs

ILOs v2 are taking place in 2 rounds as explained below:

Round 1

ā° The first round of any ILO lasts 2 hours

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šŸ‘‹ To participate, your wallet needs to hold : - 3 UNCX Tokens OR - 50 UNCL Tokens ā„¹ļø The tokens need to be held in the wallet you will use to connect to an ILO and must be on the same blockchain as the ILO.

ā„¹ļø Whitelist does not apply for round 1. Staking contract will come during Q3 2021 to provide a fair allowance of tokens to both holders and non-holders.

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ā„¹ļø You cannot skip or alter round 1.

Round 2

ā°ā° The second round of an ILO can run for up to 14 days.

There is no specific requirement, unless a whitelist is enabled.

ā„¹ļø If the ILO does not sell out in the first 2 hours, it moves on to this second round. This round can be subject to a whitelist: do check with the presale creator if they have decided to make the sale private.

Change log for ILO created from August 25 (ILO v3)

  • There is a new round (round 0), open from ILO creation date/time, until 10 minutes before round 1 starts

  • Those ILOs have a UNCX & UNCL logo on the browsing page, and a "reserve your spot with 2 UNCL" button on the ILO detailed page

  • This rounds allows to reserve tokens by sending (and burning) 2 UNCL (no UNCX/UNCL holding requirements)

  • It will be filled at 1/3 of the ILO's hardcap

  • Round 1 keeps the same requirements as before (see section above)

  • Round 2 will not have a whitelist anymore

Note: until roughly end of September 2021 you will see both ILOs with and without UNCL burn option, as the new features are only for newly created ILOs

Upcoming: A new type of ILO (details not revealed yet as of 08 September) will be implemented soon. Then staking contract will come afterwards.

More details about round 0 here.

How to participate in ILOs? (Based on ILO v2)

ā€‹Video tutorials below step 6.

Step 1: Make sure you are eligible for the round (see above) āœ…

Step 2: Open our app, and select the exchange where the market of your ILO will be initialized (e.g HoneySwap, UniSwap)

Step 3: Connect your wallet while making sure it is on the correct blockchain.

Step 4: Open the ILO you are interested in and select the amount you want to participate with, then proceed with the transaction

Step 5: Once an ILO is successful (soft cap met + end block reached, or hard cap met), a publicly callable function will then be used to initialize the markets (you can see more about Successes/Failures in here).

Step 6: Time to withdraw your tokens! šŸŽ‰

Note: the time shown is always your device's local time.

Video Tutorial

This tutorial covers steps 2 to 4.