Not out of the game of fundraising platforms with current hot names such as Falconswap, PolkaStarter, DuckDAO has also launched its own platform called DuckStarter. It will act as the final bridge between early-stage projects and the community before the project goes public.
Vortex is one of the first two projects to conduct IDO on DuckStarter, let’s find out what the project’s IDO will be with the following article translated from the project’s Medium.
Some information about the project’s funding round
Private Sale received $897,000 from familiar investors such as: DuckDao, X21 Digital, Moonrock Capital, Magnus Capital, Pluto Digital Assets PLC (Pluto), Faculty Capital, A195 Capital, Skynet Trading Ltd (STL) and Vendetta Capital.
Details IDO
Vortex will conduct IDO VTX (project token) on February 28, 2021 with the amount 2,500,000 VTX.
With that said, IDO will be held on DuckStarter for both hold users DLP DUCK token and also normal users before listing Uniswap and other exchanges.
The summary information is as follows:
| IDO Day | February 28, 2021 |
| Price per token | $0.04 |
| IDO Allocation | 2.5% |
| Number of tokens | 2,500,000 won |
| Token Raise | $100,000 |
| Initial Market Cap | $324,250 |
| Currency used for IDO | USDC |
Join Whitelist
Whitelist is open from now until February 17, 2020
To join the Whitelist, you must:
- Theo dõi Twitter project.
- Retweet the pin post on the project Twitter with the hashtags $VTX and @dao_duck, why you want to join IDO and tag at least 2 people.
- Join Vortex DeFi Telegram Community & Announcement Channel.
- Fill in form Whitelist.
The participating wallet address will be ERC 20, and if you do not fulfill the above criteria, you will be disqualified.
Requirements to join IDO
- Stake Token DLP Duck before IDO to participate in each level (shown below).
- There is no requirement to Stake for how long DLP Duck Tokens. Therefore, community can buy right before IDO.
- Stake DLP Duck gives people the opportunity to buy more VTX.
VTX purchase levels:
| Level | Duck token Staked | Maximum Cap |
| 0 | 0 | 150 USDC |
| first | 2,000 won | 250 USDC |
| 2 | 5,000 won | 350 USDC |
| 3 | 10,000 won | 500 USDC |
| 4 | >=20,000 | 700 USDC |
- Level 0 will have 40% Allocation.
- The remaining levels will have 60% Allocation
frequently asked Questions
Q: Where to get DLP Duck Tokens?
A: You can buy it on Uniswap here. Remember to check the correct contract before buying: 0xc0ba369c8db6eb3924965e5c4fd0b4c1b91e305f
Q: Is there any penalty for unlocking DLP Duck Tokens after buying IDO?
A: Yes, Unlocking too soon will result in BURN tokens. As follows:
- Deposit time < 10 days: 30% burn.
- Deposit time < 20 days: 25% burn.
- Deposit time < 30 days: 20% burn.
- Deposit time < 60 days: 10% burn.
- Deposit time < 90 days: 5% burn.
- Deposit time > 90 days: 0% burn.
The number of days Deposit mentioned above will reset according to the latest time Stake DLP Duck tokens. For example: Brothers Stake 1,000 tokens on day 1, on day 10 stake another 1,000 tokens, it will reset and recalculate from day 10.
summary
If you notice, the projects running IDO on the newly mentioned fundraising platforms are very successful. Will DuckStarter and Vortex share the same results with these platforms? Answers will be available on February 28, 2021.
Refer to the original post here.
Source: Vortex conducts IDO – Will DuckStarter’s first cannon be successful?
– TechtipsnReview
