SpaceFi IDO on Evmos and zkSync-02.15

SpaceFi
3 min readFeb 8, 2023

Since the Evmos Proposal #109 was passed to grant 1M EVMOS to SpaceFi as liquidity incentive, we’re moving toward whole launching and enabling liquidity incentive. SpaceFi will first fully launched on Evmos mainnet, and then on zkSync mainnet, aimed to connect Evmos and layer2 (Cosmos and Ethereum).

As in the proposal, SPACE / EVMOS is one of the incentivized pairs. We’ll launch the IDO of SPACE token in the community, a fair launch for all members. This won’t be a large amount, mainly for initial liquidity. Learn about how the process will work and ensure you are ready to participate in this event!

Details:

Location:

SpaceFi Starter (Evmos mainnet).

Time:

Private Round: 02.15 11:00 AM (UTC) — 02.17 10:00 AM (UTC) or ends early if sold out.

Public-1 Round: several hours after Private Round ends (will announce)

Public-2 Round: several hours after Public-1 Round ends (will announce)

Whole Launching and Token Distribution: 02.21 11:00 AM (UTC)

Amount:

2M SPACE (Private, WL); 1M SPACE (Public-1); 1M SPACE (Public-2).

Private Round: FCFS (WL doesn’t ensure a successful purchase, if late)

Public Round: For all users and can be over raised. It’ll allocate tokens by your share in the pool and return unspent fund.

Required Currency:

$EVMOS (ERC20) (trading on Osmosis, Huobi and MEXC).

Price:

0.075 EVMOS (Private, WL), 0.09 EVMOS (Public-1), 0.1 EVMOS (Public-2).

Single Address Limit:

120-3000 EVMOS (Private, WL), 120–10000 EVMOS (Public).

Vesting:

both Private and Public round, 25% (TGE), 25% (1st month), 25% (2nd month), 25% (3rd month). This can also match the time of zkSync2.0 full alpha mainnet launching (Q2). There’ll be a bridge to transfer SPACE token and Planet NFT between Evmos and zkSync.

Initial Circulation:

1M SPACE (IDO TGE vested, max) + 1–2M SPACE (Initial Liquidity, mainly depending on IDO progress).

Listing Price:

Starts from 0.125 EVMOS (Any tokens left in IDO will be burned. That would reduce initial circulation and liquidity, but listing price will still be 0.125 EVMOS).

The initial token emission will be 0.125M SPACE/day on Evmos mainnet, and it will increase if the incentive increases or launched on zkSync mainnet. Learn more about SpaceFi tokenomics.

How to be whitelisted:

Whitelists will be mainly allocated to contributors and long-term stakeholders in community. There’re three ways to get a whitelist:

  1. Previous Whitelists Confirmation

For the previous granted WLs, please send your address in SpaceFi Discord WL Confirm Channel to check during 02.08–02.13. The addresses confirmed by the WL bot will be added in the IDO whitelists.

2. Planet NFT Holders

All Planet NFT holders will get whitelisted as a special bonus. Please send your address in SpaceFi Discord WL Confirm Channel to check during 02.08–02.13. The addresses confirmed by the WL bot will be added in the IDO whitelists.

3. New Whitelists: there’ll be new WLs granted in these ways:

(1) Join SpaceFi IDO whitelist Event. Some eligible participants will be granted whitelists.

(2) Delegate EVMOS to spacefi.io validator. 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.

screenshot from SpaceFi testnet

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.

screenshot from SpaceFi testnet

🪐 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.

Website | Twitter | Discord | Docs | Youtube

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SpaceFi

The DeFi hub on zkSync Era and zkRollups with DEX+NFT+Spacebase+Launchpad, exploring the Layer2 ecosystem.