Smaugs IDO Mechanism
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HOW IT WORKS
We want to bring the opportunity to participate in IDO to as many investors as possible. At the same time, we also appreciate strong SMG holders. So, we will apply the tier system and the allocation sharing as follows:
Allocation for SMG holders
There are four allocation tiers. Depending on the number of SMG you have in your wallet, your allocation cap will be different:
- Smaug: 2500+ SMG holders: Maximum 150$
- Drake: 5000+ SMG holders: Maximum 300$
- Glaurung: 10000+ SMG holders: Maximum 450$
- Ancalagon: 25000+ SMG holders: Maximum 600$
It’s not enough to just have SMG in the wallet, you need to stake the locked stake pool.
Allocation Sharing
The total raise will be divided into five separate pools:
- 10% of the raise is for Scatha pool
- 18% of the raise is for the Smaug pool
- 21% of the raise is for the Drake pool
- 23% of the raise is for the Glaurung pool
- 28% of the raise is for the Ancalagon pool
Notes: The IDO will be First come, first served mechanism.
About Smaugs Launchpad
Smaugs Launchpad is a smart investment platform based on Binance Smart Chain, enabling projects to take investments on a DEFI environment and the community to invest with security, freedom, and equal opportunity.
Stay up to date with our latest news:
Website: https://smaugs.com/
Twitter: https://twitter.com/smaugsnft
Telegram Official Channel: https://t.me/smaugscommunity
Telegram Announcements: https://t.me/smaugsannouncement
