Scaleswap has just announced that their IDO launch is slated for June 25, 2021. To participate in the IDO program, one must register for the whitelist and its accompanying tasks.
The whitelist will close on 21 June 2021 at 01:30pm UTC.
The company has made sure to filter any illicit user entries in the whitelisting program so any bot entries will be removed prior to a randomized draw of qualified users. Entries that have not completed all mandatory steps will be disqualified. Entries with duplicate identities will be disqualified as well.
After this process, users who are whitelisted after this process will be notified by email and provided with the instructions for completing KYC. However, it is not a guarantee that a user will successfully participate in the IDO. The public sale will be on a first-come, first-served basis. The company has also requested users with successful KYC to transfer the wished ETH amount to Polygon at least 24 hours before the start of IDO to be on the safe side.
As for the IDO launch, the public sale will start at 10:30 am UTC. The number of tokens allocated for the sale is 500,000 SCA. Token price is $0.35, and the maximum cap for each person is $300. Scaleswap expects to raise $175,000 with this public sale and have an initial market cap of $418,250.
Scaleswap is a fully decentralized IDO launchpad that is harnessing the power of an advanced layer 2 scaling protocol aiming to set the new standard for DeFi. The platform has its own SCA token that supports and incentivizes liquidity provision. The token is also a primary factor to obtain a high scaleSCORE where features are unlocked at certain thresholds.