New IDO Process

Published onDecember 14, 2023
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Have you discovered an exciting project launching on Gamestarter that you’d like to join, but  you’re unsure how?

Let us guide you.

Introducing Gamestarter’s NEW IDO PROCESS

Our brand-new IDO PROCESS consists in 3 phases

  • VIP round 
  • Private round 
  • Public round 

Prior to advancing to the subsequent phases of our project, it is mandatory to undergo a KYC  procedure on our platform.  

This process serves to authenticate the identity and legitimacy of our users, creating a secure  and dependable environment for all participants.  

Upon successful approval, you will be granted access to the various unique features and  benefits of our platform. 

We know you are eager to learn about our new phases, so let’s jump straight into it! 

VIP Round 

The first round of our IDO is all set and open exclusively to those who stake $GAME tokens.  

To attain VIP status in this program, you’ll need to stake a higher quantity of $GAME tokens than in previous rounds and as a result will have access to larger ticket sizes.

Keep in mind, though, the minimum $GAME needed to stake might change with each IDO, so  be sure to double-check that info if you’re looking to get in on the VIP round.  

What will not change is that the more $GAME tokens you stake, the higher the annual  percentage yield (APY) will be

We’re watching! If you unstake $GAME during vesting, Gamestarter charges a 10% penalty on current and future vestings. Play fair!

Just so you know, the VIP round, like all our rounds, is going to be first-come, first-served (FCFS), so be sharp!

No worries, we’ll update you regarding the crucial details like ticket size, date, or timeframe ahead of time.

At the end of the day, the VIP round is all about rewarding those who are truly vibing with our  project and are ready to go all-in on Gamestarter.  

So, if you’re passionate about what we do and want to be in the first line, this one’s for you! 

Private Round

Once the VIP round wraps up, we’ll kick off the Private round, putting all those leftover tokens  from the first phase up for grabs.  

This round’s also open to $GAME token stakers, but you’ll need fewer tokens to stake this time around. VIP round participants can join this round as well. 

Naturally, given the lower entry threshold, the ticket size in the Private round will be smaller  than that in the VIP round

We’re watching! If you unstake $GAME during vesting, Gamestarter charges a 10% penalty on current and future vestings. Play fair!

The ticket size will change from IDO to IDO, based on factors like total raise, price, hype,  engagement, and more.  

Keep in mind, the Private round, along with our other rounds, is all about getting there first – it’s first-come, first-served (FCFS), so stay sharp! 

Just like other important IDO details, we’ll provide details about the ticket size and timeframe beforehand

The Private round is perfect for those who believe in us but might not be able to hit VIP status.  Don’t worry, you still matter to us, and we’re stoked to have you on board! 

Public Round

Last but not least, the Public round!  

It kicks off right after the Private round ends, featuring all the remaining tokens from the  earlier phases. But heads up, this round is OPTIONAL. Some IDOs might sell out in the first two  phases, so don’t snooze on staking those $GAME tokens! 

The Public round is also going to work on that first-come, first-served (FCFS) rule. 

This phase is open to everyone (stakers & non-stakers), and you can buy as many tokens as  you want—no limits! However, there’s a little twist. 

Here’s how it goes down for $GAME stakers and non-stakers: 

  • Non-$GAME stakers get 90% of the tokens they buy, based on the vesting schedule  (there’s a 10% fee taken out in the project tokens you just bought).
  • $GAME stakers get the full 100%. But beware that we’re watching! Our vesting contract lets us track if anyone unstakes $GAME during the vesting process. If that happens, Gamestarter will take a 10% fee as a penalty from the current and future vestings. 

If we end up having a Public round, like with past rounds, we’ll provide you all the important details beforehand (ticket size, timeframe, date, time). 

What Will Happen To This Fee? 

Well, Gamestarter’s gonna use it to buy back $GAME tokens from the market and burn them  (aka lock them away in a contract, never to be seen again).  

By taking $GAME tokens out of circulation, we’re boosting their value for all you lovely  holders. 

Jumping into an IDO on Gamestarter is a piece of cake, and we’re all about helping you join  projects we both love.  

Trust us, we’ll only list projects that have passed our rigorous vetting process and ones we’re  genuinely stoked about! 

So, there you have it! Choose your path, and let’s get this party started! 

If you’re still not 100% clear on everything in this article, it’s all good!  

Our trusty Community Managers are on standby to answer your questions in our group chats.  Come hang out with us!

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