Zique World - IDO Information.
10 May 2021, 15:56
🕹 Zique World - IDO Information 🕹
👉 https://ubu.finance/upad/zique
👉 Zique will be IDO on UPad to raise a total investment capital of $100,000 divided into 2 pools including:
1. BUSD Pool: 50,000 BUSD - the entire BUSD raised will be used to provide liquidity on PancakeSwap v1
2. UBU Pool: 100,000 UBU - the entire UBU raised will be burned (UPad Deflation Mechanism)
🎯Open in: TBA
🎯Token Distribution: 600,000,000 ZIQUE
🎯Min. Allocation: 50 BUSD & 500 UBU
🎯Max. Allocation: 500 BUSD & 5,000 UBU
🎯Swap Rate: 1 BUSD = 6,000 ZIQUE & 1 UBU = 3,000 ZIQUE
💥 Fair participation
UPad has implemented a unique IDO mechanism - no Whitelist, no FCFS, first launched on BSC. This mechanism ensures fairness and transparency for all participants.
🔸All users can participate
🔸Each participant is subject to Min/Max Allocation condition
🔸There is no Deposit limit for each pool
🔸Tokens are distributed based on the percentage of the deposited amount
More specifically, when the IDO time ends:
1️⃣Case 1: Total Deposit to the pool < Total Raise
- Tokens will be distributed according to Swap Rate
- The entire remaining tokens will be burned (depending on each project)
2️⃣Case 2: Total Deposit to the pool = Total Raise
- Tokens will be distributed according to Swap Rate
- The entire token will be completely distributed
🆗Case 3: Total deposit to pool> Total Raise
- Tokens will be distributed according to Swap Rate
- Token will be distributed based on the percentage deposited amount and the excess amount of each participant will be refund.
For example: Total Capital Raise is 50,000 BUSD, Min/Max Allocation is 50/500 BUSD. When the IDO time ends, the total deposit to the pool is 60,000 BUSD.
- If you deposit into the pool 300 BUSD corresponding to 300/60,000 = 0.5% of total deposit. It means that you have participated the amount equal to 50,000*0.5% = 250 BUSD and 50 BUSD will be refunded to you.
✅Based on this mechanism, 100% of participants are able to buy the tokens.