We’re excited to announce SpaceFi IDO Details! With the growing of Evmos and zkSync, SpaceFi mainnet will be launched after IDO. Learn about how the process will work and ensure you are ready to participate in this event!
Before:
- SpaceFi will first launch on Evmos mainnet and then on zkSync mainnet. Learn more about What is SpaceFi building on Evmos and zkSync.
- STAR IDO will support double payment: EVMOS and USDC (multichain):
EVMOS: You can buy EVMOS on Huobi or MEXC, and transfer EVMOS (erc20) to your metamask wallet. Or you can buy EVMOS on Osmosis, and use IBC transfer to convert it into Evmos chain in keplr wallet.
USDC (multichain): You can use Multichain to bridge a sufficient amount of USDC into Evmos. Transferring USDC (Ethereum) to USDC (Evmos) now is cheap and fast, sometimes even 0.5$ gas fee and 1 minute, with no crosschain fee. You can check it on Multichain.
When you transfer USDC (Evmos) back to USDC (Ethereum) in Multichain, crosschain fee is 0.1 % and minimum crosschain fee is 40 USDC. So we recommand that you calculate the right amount of USDC you need to use in IDO.
STAR IDO:
You’ll be able to buy STAR token at its initial price on SpaceFi Starter. This won’t be a large amount, and mainly for community incentives and initial liquidity. SpaceFi tokenomics combines DEFI and NFT, with token emission and deflation mechanism. (Check SpaceFi Tokenomics)
Due to the low TVL in early stage, initial STAR emission will be reduced to about 500k/daily, which will gradually increase with ecosystem develops.
Location: You can learn how IDO works in SpaceFi Starter.
Time: The exact IDO time will be announced in following days when we’re ready for liquidity plan.
Amount: 2M STAR (private, WL); 2M STAR (public)
Required Currency: EVMOS or mulUSDC on Evmos (bridge: Multichain)
Price: $0.03/STAR (private, WL); $0.04/STAR (public)
Single address limit: $60-$1200 (Private, WL); $100-$4000 (Public)
Vesting: Initial 50%, 1st month 25%, 2nd month 25%; Locked STAR will be farming and airdrop reward to vesting holders with their vesting period
Initial Circulation: 2M (IDO) + 1M (Initial liquidity, estimated)
Listing Price: Starts from $0.05 (Any tokens left in IDO will be burned. That would reduce initial circulation and liquidity, but listing price will still be $0.05)
(This is a initial plan that can be adjusted based on community’s feedback and our plan)
NFT Mint:
Planet NFT mint is still Live and will be closed before IDO. If the minting is not completed, then the rest will not be minted.
After mainnet, the amount of STAR required to mint a Common Planet NFT and the amount of Common Planet NFT required to upgrade will be increased.
How to be whitelisted:
Whitelists will be mainly allocated to contributors and long-term stakeholders in community, which can be used in both NFT Mint and IDO. There’re three ways to get a whitelist:
1. Join SpaceFi IDO whitelist Event. Some eligible participants will be granted whitelists.
2. Delegate $EVMOS to spacefi.io validator in Space validator website or Evmos official website. We’ll grant some whitelists for delegators.
3. There’ll be more whitelist events in SpaceFi discord and twitter. Stay tuned.
How to participate:
1. Private Pool
For the whitelist addresses, you can only invest once.
2. Public Pool
For all users and can be over raised. It’ll allocate tokens by your share in the pool and return your unspent fund.
🪐 About SpaceFi
SpaceFi is a cross-chain web3 platform on Evmos and zkSync, with DEX+NFT+Starter+Spacebase as initial product. The first project to connect Cosmos and Layer2 ecosystem.
