We are always keen on improving our IDO processes. Every new launch brings about additional features to our platform. As previously discussed, we are interested in implementing a registration process to increase the allocations of our active participants. Let us explain how it would work.
During the upcoming YouMinter IDO, a staker would have to declare his/her intention to participate by simply leaving their wallet address in the corresponding Google form. At the moment, we are working on our new web app, so would like to test it manually first. In the future, we will be able to integrate the registration process with our web app by simply connecting your wallet.
Next, we will gather all of the registered wallets and recalculate the allocation for registered users. However, we will leave 1 token worth of allocation to everyone who has failed to complete the registration on time (24 hours before the IDO), so they still have a chance to purchase the remaining allocation when the second IDO stage begins.
In addition, since this time only active participants will be selected, we will reduce the duration of the reservation, meaning that allocation will be guaranteed only for the first 6 hours of the IDO. After 6 hours anyone will be able to purchase the remaining total allocation (capped at 5% per transaction).
We are interested to hear your thoughts on these changes. Let us know if you’ve liked them.