Since the introduction of out ILO Platform v3 there is now a round 0. The announcement was posted and Twitter and the article on Medium: we strongly recommend you read the Medium article to get familiar with this new mechanism. With ILO v5, some changes were implemented related to round 0, please check the Medium article here.
Why is there a captcha for round 0 in ILO v3 & v4?
The Round 0 has been abused by some shady projects to buy their own tokens just a few blocks after listing.
The Captcha was an attempt to counter bots, however upon request from the community, it has been removed from ILO v5 for any ILO created from September 20th 2021.
Why some ILOs have a round 0 and some don't?
Any ILO created after this change, i.e. in the night of August 24th to 25th (CEST), will have the round 0 as they should use the ILO contract V3 or later. ILO created prior this change will remain on v2, i.e. no round 0.
How do I see if there is a round 0 in an ILO?
From the ILO browsing page, you will see this UNCL logo and the % filled so far if there is a round 0:
How do I know if it's filled or not yet?
As per above section, you will see a number (e.g. 21/66) on the progress bar.
The first number is the amount of slots reserved, i.e. amount of wallets who have reserved a slot
The second number is the maximum amount of slot available for reservation
How is the max amount of slots decided for round 0?
A maximum of 1/2 of ILO's hardcap can be filled during round 0 in v5 (1/3 for ILO v3 & v4), meaning that round 1 will always take place.
The amount of slot is 1/2 of hardcap divided by the max contribution per wallet.
For example: Hardcap 300, 2 BNB max per user: 150/2=75 slots for round 0
Note: even if not everyone contributes as per the max allocation per wallet, the amount of slots available will not increase, hence you can expect to always have more than 50% of hardcap still available for round 1.
What are the holding requirements, if any?
There is no holding requirement for round 0. You only need 2 UNCL (which will be burnt if ILO is successful) and BNB/ETH for your investment + gas fee.
When can I invest in round 0?
From 2 hours after the ILO was created, until 10 minutes before the round 1 starts, as long as some slots are still available.
How do I send 2 UNCL?
Once you are on the ILO page, click on this button
For every ILO you participate to, you will have to "Approve" the UNCL sending (each ILO has a different contract number) then click on the "Reserve" button.
When should I send my contribution (Eth, BNB, etc.)?
As soon as possible after sending your 2 UNCL. If your contribution is not sent at the latest 10 minutes before round 1, your 2 UNCL will still be burnt.
What happens if the ILO fails?
You will be able to withdraw your original contribution (BNB, ETH, etc.) and 75% of your 2 UNCL, i.e. 1.5 UNCL (0.5 UNCL will still be burnt) within 1 single transaction.
What are the other changes brought in since v3 of the platform?
Apart from round 0 described above, these are some of the changes implemented: