THORSwap IDO Date and Guide — November 1st
THORSwap IDO Details and Guide — November 1st
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Sælir og blessaðir, friends
The wait is over. The time of $THOR has come.
We are overjoyed at long last to deliver to you the details of the THORSwap $THOR IDO on Thorstarter.
Our Partner THORSwap
THORSwap is the leading multi-chain, decentralized exchange (DEX) platform powered by THORChain that allows DeFi users to perform cross-chain swaps in a permissionless, trustless, and non-custodial manner. Following the recent closing of a $3.75M round, THORSwap is primed and ready to launch its $THOR token with a Thorstarter IDO.
The $THOR IDO on Thorstarter will involve 2% of THORSwap’s total supply. For more on $THOR’s tokenomics and utility, read the $THOR Tokenomics Overview.
$THOR IDO Overview
🗓️ Date: Monday, November 1st
⏰ Time: 2:00PM UTC
🗺️ Location: thorstarter.org
🏗️ Structure: Overflow/Batch Sale
🪙 Allocation: 10M $THOR (2% of total supply)
💰 Raise: $750K
💱 Price: $0.075
Pre IDO
You will need two things to participate in the $THOR IDO: XRUNE and vXRUNE
XRUNE — The easiest way to buy XRUNE is on SushiSwap or THORSwap. If you do not yet have a wallet, we recommend using XDEFI or MetaMask.
vXRUNE — Lock 100 XRUNE for 100 vXRUNE on our governance dash to “make a profile” in our Valhalla Venture DAO. Once you are a DAO member you will then be able to use XRUNE to participate in the IDO on IDO day and receive $THOR tokens.
Day-Of IDO Guide
Go to the Thorstarter website and select the IDO tab from the top menu bar. This Thorstarter IDO page will be the location for all further steps in the investment process.
Connect your wallet (top right)
Select $THOR IDO
Choose investment size
Deposit $XRUNE
Receive $THOR tokens a few days after IDO
*NOTE: The above steps will not work if you do not have a minimum of 100 vXRUNE locked in our governance tab*
FAQ
Is there a participation fee?
There is no participation fee, the only requirement to participate (as a DAO member or Retail Investor) is that you lock up a minimum of 100 XRUNE (~$15 — ~30) for vXRUNE to take part in the sale. This contribution grants you nominal membership to the DAO.
When can we unlock our vXRUNE for XRUNE?
You can immediately unlock and withdraw your XRUNE after the sale if you so choose.
Why the $300 cap?
This was a choice made by the THORSwap to maximize fairness and the number of community members that receive $THOR
Will there be a THOR-RUNE pool on THORChain itself, similar to Thorstarter?
Yes. More details about the structure of this launch will be provided soon.
When will I receive my $THOR tokens?
A few days after IDO
We look forward to seeing you for the $THOR IDO on November 1st, 2021.
About Thorstarter
Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad that meets decentralized liquidity and investment DAO. TS will function as a decentralized organization that works as a decentralized VC firm, investing with its own native currency into new projects and splitting 50% of the launch with DAO members via a native governance token — vXRUNE.
DAO members are simply anyone who holds vXRUNE. The DAO treasury will earn fees, and these fees will be distributed in part to vXRUNE holders. The ultimate goal of the Valhalla DAO is simple — to grow the THORChain ecosystem by deepening liquidity for long-tail, up-and-upcoming projects.
Thorstarter currently launches THORChain and ETH projects but will be expanding to Terra in Q4 2021, and Fantom in early 2022.
Thorstarter Links
⚡️ Website: https://thorstarter.org
⚡️ Telegram: https://t.me/thorstarter
⚡️ Telegram ANN: https://t.me/thorstarter_ann
⚡️ Twitter: https://twitter.com/thorstarter
⚡️ Blog: https://blog.thorstarter.org
⚡️ Discord: https://discord.gg/awmWNyWb
️️⚡️ XRUNE address: 0x69fa0fee221ad11012bab0fdb45d444d3d2ce71c
THORSwap Links
Twitter: https://twitter.com/thorswap
Website: https://thorswap.finance
THORSwap App: https://app.thorswap.finance
FAQ: https://thorswap.finance/faq
Join the Community! Provide feedback and contribute!
Discord: https://discord.gg/FRE3BytkCp
Telegram Announcement: https://t.me/thorswap_ann
THORChads DAO
Discord: https://discord.gg/thorchads
Twitter: https://twitter.com/THORChadsDAO
Website: https://thorchads.com/
THORSwap IDO Date and Guide — November 1st was originally published in Thorstarter on Medium, where people are continuing the conversation by highlighting and responding to this story.