Moverse has announced that its IDO will be launching on Enjinstarter. This platform joins the likes of Pandora and Binstarter in hosting this massive event. While issuing this update, the GameFi firm also gave insights into why it chose this launchpad for its offering.
🚀 The third launchpad that will host our upcoming IDO will be @enjinstarter – the next-generation launchpad for Blockchain Games and the Metaverse!
— Moverse (@moverseann) August 5, 2022
According to them, Ejinstarter is a top marketplace. Unlike the competition, this platform focuses solely on GameFi, Metaverse, NFTs and similar progress. This means that Moverse will reach its target audience more efficiently than other platforms. In addition, this is not just a medium for pushing out digital assets. It offers pre- and post-offering activities that will ensure sustainability. Its strategies have helped other projects become AA P2E games.
Details of the Moverse IDO on Enjinstarter
Despite issuing the press release early, Moverse did not give an exact date when the IDO will go live on Enjinstarter. However, it speculates that it will happen in August. According to the team, work is still ongoing to ensure the whole process is ready. Putting a specific period may cause the devs to rush the progress and overlook some crucial specifics.
It wants to avoid glitches and ensure a seamless process. In the meantime, users will not just fold their hands and wait. There will be bounty events to keep the community and maintain the hype. Interested persons can follow the official Twitter Account, Telegram Channel and Discord Server.
Despite not stating the official date, the announcement covered the requirements that users must meet to be eligible for the IDO. For one, participants must hold $EJS tokens. However, whether this will be for gas fees or token purchases is still unknown.
When the initial DEX offering goes live, there will be two pools. One of them will be the Community Allocation Pool. This section is especially for those who have 1250 $EJS or less. They will participate in a first-come-first-serve process. More details are available on the Enjinstarter launchpad.
The other aspect is the Guaranteed Allocation Pool. The investors in this pool will get guaranteed spots at different rates. However, this depends on the number of tokens that they have. There will be 3 levels of participants. Below is a breakdown of the process:
Universe (Tier 1): Hold at least 25,001 $EJS in the wallet. Tier Weight: 25
Metaverse (Tier 2): Hold at least 100,001 $EJS in the wallet. Tier Weight: 125
Multiverse (Tier 3): Hold at least 500,001 $EJS in the wallet. Tier Weight: 700