Privi Trax IDO goes live on SafePad, in the first demonstration of SafeLaunch’s vision of providing new projects with all-around support.
Pioneer IDO On SafePad Goes Live
All is now set for the first initial DEX offering (IDO) project on SafeLaunch’s project incubation platform, SafePad, to go live. Privi Protocol will have the honor of being the debut project on SafePad.
In a tweet on August 2, Privi announced that TRAX – the native token of Privi Trax, will go on sale on Tuesday, August 10.
SafeLaunch aims to be different from other project launchpads that limit support to solely to raising funds. The platform has the policy to assist projects that launch on it with post-IDO support such as marketing, auditing, and other necessary aids.
How To Take Part In The IDO
Like some people asked in response to the tweet, many people want to know how to buy some TRAX in the IDO. According to SafeLaunch, interested participants need to hold/stake SFEX or SFEX-BNB LP tokens to be eligible to participate in SafePad IDOs.
The more tokens held/staked, the higher the allocation an investor will be able to access. The different allocation tiers based on how many tokens a participant holds or stakes can be seen in the chart below.
Details of the TRAX IDO
Token Price: $0.035
Lockup: 5% at Token Generation Event (TGE), unlocked daily over three months
Initial supply at launch: $17,500
Total token supply: 100,000,000
Breakdown of Allocation
Platform Rewards – 41%
Privi Foundation – 20%
Dex Liquidity – 7%
Public – 10%
Team – 22%
SafeLaunch hopes to contribute to the stability of the Decentralized Finance (DeFi) sector by helping projects get going and be well established. TRAX, being the first IDO on SafePad, will be a crucial demonstration of SafeLaunch’s vision.
About Privi Trax
Privi Trax is Privi Protocol’s first decentralized application. It offers music streaming like Spotify, play-to-earn opportunities like Axie Infinity, and other DeFi services. Users can access Privi Trax on both the Web and mobile app.
SafeLaunch is a project incubator on Binance Smart Chain. It wants to make a difference in the decentralized launchpad sector. The platform, through SafePad, has implemented strategies to help projects succeed pre-IDO and post-IDO.
This ensures that every party in the project-launch chain––the launchpad, project, and investors, etc.––has a win-win-win outcome.
Source : bsc.news
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