The Gamium IDO will go live on the VentUp platform on the 25th of February by 3 PM UTC. Announcement of this public sale was made via the official Gamium Corp Twitter Handle. Vent Finance also issued a tutorial on how to register for this IDO. Here are the details of this registration and public sale.
▶️ TUTORIAL: How-to participate on Gamium’s $GMM IDO on VentUp 🚀@VentFinance has just posted a handy tutorial to show you how to participate on VentUp.
Here’s the link: https://t.co/WUdVHFe9bK
⌛️ Remember registration period ends on Feb 13th#Metaverse #NFT $GMM $VENT pic.twitter.com/a4Zz6eh4xA
— Gamium (@Gamiumcorp) February 9, 2022
Details of the Gamium IDO on VentUp
As mentioned earlier, the Gamium IDO will begin on the 25th of February. However, interested persons will have to register on VentUp to participate. The registration is in two phases. It involves creating an account on VentUp and a Snapshot phase. Before we get into the registration proper, let us look at the details of the IDO itself. Below are the details of the Gamium IDO:
- IDO Date: Feb. 25, 2022
- Platform Raise: $200,000
- Price: $0.0003
- Vesting: 20% TGE, 3 months lock, 80% linear release in 12 months
- Network: BSC (BEP-20)
Phase 1
The Phase 1 of Gamium registration on VentUp will run from 3 PM UTC on the 7th of February 2022. It will continue till the of 13th of February by 8 PM UTC. This phase involves creating a VentUp account on the Vent Finance Launchpad Website.
After creating the account, proceed to your dashboard to register for the public sale. Should you fail to register, you will not to partake in the $GMM IDO. You will have to complete your KYC verification to be able to participate in this public sale. But if you already have a Vent account, you do not need to do the KYC a second time.
Phase 2
After creating and verifying your account, you can now proceed to phase 2. This involves getting $VENT tokens. The reason is that allocation of IDO spots will be according to the $VENT that users have. Seven days before the IDO launch, VENT team will perform daily snapshots of $VENT holders.
With this detail, they will apply this formula to calculate allocation for IDO spots:
AHS = Vt ÷ 7
Where:
AHS = Average holding score
Vt = Total sum of holdings recorded in all 7 on-chain snapshots.
After this process, the VENT team will release a list of wallets qualified for the IDO. Owners of these wallets will have to do the KYC if their wallets are not verified. To retain your spot, you MUST hold the amount of $VENT that corresponds to your tier. If a user loses his spot for any reason, their allocation will go to the Golden Allocation Tickets Pool.
This pool will serve for additional high value allocations. It will operate on a first come, first serve basis. Users with 5000 $VENT will be eligible for this Golden Allocation Pool.
