HomeNewsAlert: SugarBounce to conduct its IDO on Ignition LaunchPad Today

Alert: SugarBounce to conduct its IDO on Ignition LaunchPad Today

It’s an understatement to say that NFTs are popular. In fact, they’re so popular that virtually every industry has introduced or is going to introduce their NFTs in the near future. In fact, one company named SugarBounce, which is posing a unique proposition in the world of NFTs is conducting an IDO today on Ignition Launchpad.

SugarBounce is a decentralized game-changing ecosystem, developed as a one-stop place for the NSFW entertainment needs. Its ecosystem comprises six products combined as a one-stop-shop for all forms of adult entertainment. These five products are:

  • Sugar Streams
  • Sugar Pals
  • Sugarpay
  • Sugar Markets
  • Sugar Starter

SugarBounce will conduct its IDO on TrustPad as well as PAID Network’s Ignition platform. In fact, they’ve listed 181,818 tokens for sale on TrustPad with an initial price of $0.550 per token. Moreover, there is a hard-cap set at $100,000 with a 25% lock-up and 3 months vesting.

On the other hand, SugarBounce has listed 272,727 tokens for sale with the same initial price but a hard cap of $150,000. Also, there is a 25% lock-up on the IDO with 3 months vesting.

The platform had previously conducted a private sale where they had raised $248,000 and a total sale of 5,083,333 tokens.

SugarBounce will also launch its DEX on PanCakeSwap on the same day. While details about it aren’t out yet, the platform will take registrations from 14:00 UTC.

The total supply of the tokens in the platform is 199,000,000. They’ve allocated 2.55% to the private sale and 0.23% to the public sale.

Also, both the IDO will last till tomorrow (November 20).

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