MoonEdge makes it easy for users to participate in presale opportunities / intial DEX offerings (IDO’s). The basic steps are as follows:
- Hold at least 5000 $MOONED tokens (Polygon contract: 0x7e4c577ca35913af564ee2a24d882a4946ec492b).
- You can obtain $MOONED from QuickSwap via this link.
- Complete the KYC process with your participation wallet
- Wait for KYC approval — you will receive an email and can also check via the website
- After approval, stake MOONED tokens and/or MOONED/USDC LP tokens on our staking platform.
- You can then whitelist to participate in projects via the dashboard
- So finally, show up on time for the IDO! The first round has a guaranteed allocation, and the subsequent round is First Come, First Served (FCFS).
- You can claim your project tokens directly from the website as per their vesting schedule
Now let’s dive deeper:
Hold at Least 5000 MOONED tokens
Do not stake $MOONED tokens until your KYC has been approved. Your tokens will be locked for the staking period but you will not be able to participate in IDOs if your KYC is not approved.
However in order to start the KYC process you must hold 5000 $MOONED tokens in your wallet.
Complete the KYC Process
We use SumSub as the software to undertake KYC. This is a well-known and trusted comprehensive identity verification platform. You can read our KYC guide to prepare all the necessary documents beforehand.
This KYC process will take approximately 5-minutes.
Stake $MOONED to get access to IDOs
Once KYC is approved (and not before) you may now stake your $MOONED tokens or MOONED/USDC LP tokens to get into various tiers, via our staking platform.
The higher your tier, the larger the allocation you will obtain in the IDOs. The allocation is determined by your “pool weight”.
Tier system
Tier 1 — requirement: 5 000 MOONED, pool weight: 2
Tier 2 — requirement: 10 000 MOONED, pool weight: 5
Tier 3 — requirement: 30 000 MOONED, pool weight: 20
Tier 4 — requirement: 50 000 MOONED, pool weight: 32
Tier 5 — requirement: 125 000 MOONED, pool weight: 70
Tier 6 — requirement: 250 000 MOONED, pool weight: 150
Tier 7 — requirement: 500 000 MOONED, pool weight: 315
You must stake for a minimum of 14-days. However, staking for longer will get you into higher tiers. For example, you can stake for a maximum of 2-years. When doing so our platform will double it’s perceived value of your $MOONED token stake.
e.g. when staking 5000 $MOONED for 2-years, our platform will assume you have staked 10 000 $MOONED and so rather than being in Tier 1, you will be moved to Tier 2.
This is calculated based on a “points” system which you can explore in our staking platform. Stake as many tokens for as long as possible, to get greater allocation.
Whitelist for Projects on the Project page
As projects become available for whitelisting, you can click the whitelist button in the IDO information panel on the project’s page. Make sure to also follow the project’s twitter, telegram, and other social media to keep up to date with their token launch.
Show up on Time for the IDO
Each IDO is organized with two rounds:
Round 1 — this is guaranteed allocation for anyone who has completed the whitelisting process on time.
Round 2 — this is a FCFS basis, for those who missed out on Round 1.
Participating in the first round doesn’t disqualify you for the second round; however, you must be quick once the round opens as it is First Come, First Served (FCFS).
Claim Your Tokens Following the Vesting Schedule
After the IDO is done, it’s time to claim the tokens from the project’s page following the vesting schedule of the project. And it’s as simple as that.
Join our communities and ask any questions
Join our communities and let us know how we can help assist you further!
