The team has been working very hard behind the scenes. The moment you all have been waiting for is almost here. In this article we’re going to share details of the KDL token sale with you.
We’ll be hosting the sale of the token on our own platform: KDLaunch — IDO platform on Kadena.
Scroll down to read all about it!
SALE DATE — ASAP
According to our roadmap the token sale was planned for November this year. However, we can’t ignore what’s happening around us. Currently multiple exchanges don’t allow deposits or withdrawals of KDA because of ongoing maintenance on their platforms. We want to give users a fair opportunity to be able to participate in the KDL token sale.
We feel hosting the sale while a big part of our user base isn’t able to transfer KDA to their wallets doesn’t serve our community. As soon as the exchanges open up we’ll announce the sale date and get the KDL train moving!
TOKEN SALE DETAILS
Everyone gets an equal chance to buy before the IDO supply runs out.
We want to stress that KDL is made by the community and for the community, that’s why we decided to not have a private sale or seed sale. The token sale will be opened up for you, the community, to participate and get your hands on some KDL.
Our aim is to launch KDL with a relatively low market cap to leave enough room for growth once the token hits the open market. The funds raised in the IDO will be used for further development of the KDLaunch platform, liquidity, and marketing.
- Total token supply: 100,000,000 KDL
- Public sale supply: 30,000,000 KDL
- Funding method: KDA
- Price: 1KDA = 800 KDL
- Max allocation: 100 KDA per wallet
- Sale Period: Once the 30 million KDL supply gets sold in the IDO, the sale ends. The sale will be open during a period of 7 days max depending on how many KDL gets sold in that time period. It could be 30 minutes or 7 days.
- Sale location: https://www.kdlaunch.com/
- Lockup and release: 100% unlocked
- Token distribution: Tokens will be distributed within 24 hours after the sale has ended. Users can check their balance on the KDA balance checker website after we distribute https://balance.chainweb.com/
WHO CAN PARTICIPATE
The IDO is open to everyone and is sold on a FCFS basis. There are no whitelists, or special privileges for anyone who filled out the airdrop form. No special privileges for inside investors or VC’s.
There are no requirements to buy KDL in our IDO. Future IDO’s will have holding and staking KDL requirements (meaning in order to participate you must hold and/or stake KDL).
LISTING
We want to list KDL on Kaddex. As soon as Kaddex is live we’ll add liquidity and list KDL. Stay updated in Telegram for the latest news.
UNTIL NEXT TIME
Look out for an FAQ and tutorial article soon that showcases some important details on how to contribute to our IDO.
We’re very excited for what’s to come and can’t wait to get this party started!
