To all Parallese out there, brace yourself, because The Parallel is going to launch IDOs on the 3 reputed Launchpads this December
Log in to: https://go.krystal.app/
Click the “Connect wallet” at the top right corner. Then connect your wallet, you can choose to connect via MetaMask, CoinBase or WalletConnect
Let’s go to the KYC (Know Your Customer) Process. KYC is conducted directly on the website via the 3rd party service provider Blockpass.
The document must be:
Follow the instructions to complete the KYC process. Once completed, Blockpass will now review your submission. Results and updates will be sent directly to your email address, so keep a lookout there on the status of your verification. You can now close and sign out.
To adhere to compliance policies, users from some countries have been restricted. Contact them on the Krystal Telegram channel if you are unable to complete KYC because of this.
While waiting for Blockpass to complete the review, you can start accumulating points first.
*Note: Certain citizens are not allowed to pass KYC with either ID or a Driving License. In this case, you would need to have a Passport for verification. You can find the list of Identity Documents supported by Blockpass here.
The first way you can accumulate points is by staking Kyber Network Crystal (KNC) tokens on Krystal GO.
For every KNC staked on KrystalGO, 1 point is awarded. You can view your accumulated points on the Krystal GO Dashboard.
Please note: You can unstake KNC any time, but you will only receive them back into your wallet after 7 days.
If you want to buy more KNC, click on the ‘Buy KNC’ button, and it will bring you to the Krystal website, where you can swap any tokens for KNC.
For every KNC staked on KrystalGO, 1 point is awarded.
The second way you can accumulate points is by trading on Krystal.
It is not a requirement to trade on Krystal to accumulate points. If you have already achieved your desired tier by staking KNC, you don’t need to fulfill any trading requirements.
For every 10 USD token swap trade volume on Krystal, 1 point is awarded. You can view your accumulated points on the Krystal GO Dashboard.
Please note that: Only swap transactions are counted. Wrap or unwrap transactions are not eligible.
Transactions are counted on all the supported blockchains.
Trade volume will be calculated 30 days back from the end of a project’s whitelist stage.
For example, Project A’s whitelist stage ends on 30th November. Your trade volume from 1st to 30th November will be taken into account.
Once again, the trade volume of token swaps will be calculated in USD. For every 10 USD token swap trade volume on Krystal, 1 point is awarded.
Participating in KrystalGO is very simple, and our tiering system provides opportunities for all community members regardless of their capital size.
To view all our tiers, click on Detail
While we previously announced that to qualify for Topaz, a minimum point count of 300 is required, we have since lowered it to provide more opportunities for all our members.
This tier does not guarantee participants an allocation. All participants in this tier will have to enter a raffle, and the whitelisted slots will be randomly assigned.
This tier does not guarantee participants an allocation. All participants in this tier will have to enter a raffle, and the whitelisted slots will be randomly assigned.
All qualified participants in this category will be guaranteed an allocation.
All qualified participants in this category will be guaranteed an allocation.
For example, for Project A’s token launch
It’s the moment you’ve been waiting for — registering for whitelists!
After your KYC status is verified, and you have started accumulating points on Krystal GO, you are now able to participate in token sales.
Select the project you are interested in, and you learn everything about it on the project page
On the top left-hand corner, you can see which blockchain this token sale is conducted on, and what the deposit token is.
You can also see the complete timeline. You will see the dates for each stage — from the start of the whitelist to the end of the sale.
If you are interested in joining a project, click on Register Now. If you do not register, you won’t be able to join the sale.
If you are required to perform social tasks, a pop-up will be shown. Fill in the corresponding information and click Submit.
If you have completed the registration and are whitelisted to join the token sale, you will be able to participate in the token sale
Please note that each token sale will be conducted in 3 phases.
Members with guaranteed allocation and winners of the pool, please purchase within Phase 1. If you miss it, your allocation will be passed to the second phase for others.
If you don’t get into the whitelist, you will still have the chance to buy during a later phase, as long there are still tokens available.
All this information can be found on the project page.
With that, you have purchased your tokens successfully.
Different projects have different token vesting periods. To check if your tokens can be claimed at the end of the token sale, visit the project page.
Visit https://rada.network/en/launchverse to complete KYC, a prefund with stablecoins-only or with RIR to maximize your winning chance, and check your status on the Dashboard.
You’ll see all of RADA’s fantastic projects in LaunchVerse
Make sure you do your own research – RADA will help you by providing Project Reviews
Before you can invest, you must apply for the whitelist
For now, LaunchVerse implements the best experience with the MetaMask wallet. Please create one and use it to connect with LaunchVerse.
*Note: Please make sure that you use only one consistent MetaMask Wallet connected to the below Sign-in Method, for the platform to keep your data when you sign in later.
Having multiple wallets connected to your RADA account will prohibit you from joining any pool on LaunchVerse.
*Note: Please make sure that you use only one consistent Sign-in Method, for the platform to keep your data when you sign in later.
You will need to complete your KYC information to be able to join for all upcoming token launches. This only needs to be done once.
Follow the steps for KYC
Certain citizens are not allowed to pass KYC with either ID or a Driving License. In this case, you would need to have a Passport for verification. You can find the list of Identity Documents supported by Blockpass here.
For KYC verification, one Proof of Identity from the following is required:
Follow the instructions to complete the KYC process. Once completed, Blockpass will review your submission. Results and updates will be sent directly to your email address, so keep a lookout there on the status of your verification. You can now close and sign out.
To adhere to compliance policies, users from some countries have been restricted.
If you are having trouble completing KYC, please join the RADA Discord server, find the “LaunchVerse Support” category and ask for help in the “{project IDO name} support” channel, the Customer Services Team will be ready to assist 24/7.
After completing the “Whitelist” Step, you will be directly transferred to the “Prefunding” step. LaunchVerse allows users to pre-fund their allocation using RIR and stablecoins (BUSD, USDC, etc.).
Choose the amount that you wish to invest
In this section, you can choose whether to use your RIRs or Stablecoin to prefund.
If you already have RIR, it’s recommended to use RIR instead of just BUSD/USDT,… so that you’re 99% guaranteed with your application.
*Please note that the RIRs section will not be displayed for users who do not have RIRs in their wallets.
Please read the “Allocation Details” section to know the Maximum & Minimum allocation amount you can invest.
*Depending on the project and available allocations, the minimum, and maximum allocation, and how much you can prefund will vary from project to project.
By granting permission, you are allowing the RADA smart contract to access your funds (both RIRs and Stablecoins).
You will have to pay an amount of around 0,25$ to deploy this action (gas fee).
*This is the network fee, LaunchVerse does not profit from any of this.
*Please note that the “Enable RIR” section will not be displayed for users who do not have RIRs in their wallets.
A gas fee is required for granting permission
Once you are done with all “Enable” steps, now you can click the “Prefund” button to approve the $BUSD + RIR (if you have it) to officially deposit your fund.
*You have to pay a transaction fee to deploy this action (gas fee).
To better understand how your result in the “Status” stage will be after the “Prefunding” stage, we have listed out some potential scenarios one might have in the prefunding process:
At LaunchVerse, $RIR holders have all the power. For all IDO prefund processes, using RIR will get you a 99% guarantee for an allocation.
Example: If you choose to prefunds with 200 $BUSD and spend 2 $RIR.
Choose to prefund fully with RIR
In this scenario, you are guaranteed an allocation of $100 – $200.
But still, the final allocation will be calculated based on the total subscription of the pool using the overflow structure.
LaunchVerse accepts prefunds using only stablecoins, as we understand there are new RADERS who don’t have RIR.
Example: You choose to prefunds with 500 $BUSD and don’t use $RIR.
Choose to prefund fully with stablecoins
In this scenario, you are not guaranteed an allocation of 500 $BUSD.
The final allocation will be calculated based on the total subscription of the pool using the overflow structure and lucky-based.
But rest assured, you can claim a refund for any prefunded amount if you are not on the final whitelist.
To allow for a more flexible prefunding process, users have the freedom to partially prefund using both RIR and stablecoins.
Example: You choose to prefunds with 500 $BUSD and spend 2 RIR.
Using partial RIR guarantees part of an allocation
In this scenario, you are guaranteed an allocation of $100- $200.
But still, the final allocation will be calculated based on the total subscription of the pool using the overflow structure.
All relevant information is available at the project’s LaunchVerse page, and you can return here at any time to see updates as to how the pool is doing when it will close, and once the IDO or INO is finished you will be able to see Step 6: “Claim your token”.
When the project’s token is officially listed on the market, after their TGE (Token Generation Event), and when it’s ready, this “Claim” step will open.
Be sure to stay updated on any announcement on RADA’s social media channels about the Claiming schedule of the project.
Depending on the whitelist subscription, your final allocation will be decided based on the LaunchVerse Overflow Structure and the “luck of the draw”. You can process the “Claim” with:
Your screen will be in step 3 (“Status”), click on the “Claim” button.
On the screen, your Bep20 Wallet will need your confirmation for the transaction. The time it takes to claim back BUSD can be around 10-20 minutes based on the platform speed, then prefunded BUSD will show back in your wallet.
Your screen will display step 4 “Claim”.
You’ll be able to claim back the remaining deposit.
For example, if you deposit 300 BUSD + 2 RIRs and the pool limit for your account is 100 BUSD + 1 RIR, you will be refunded 200 BUSD + 1 RIR.
Press the “Claim” button and get BUSD and RIR back to your wallet.
Congrats! You can press “Claim” and confirm the transaction on your wallet.
After claiming your token, ensure to add the token to your Metamask Wallet where you can see your available token.
More information about the 3 IDOs of December will be revealed soon. Keep in touch with us!
And don’t forget The Parallel- Super Listing Event: 13:00 UTC on Dec 28th, 2021
0xd07e82440A395f3F3551b42dA9210CD1Ef4f8B24
The Parallel is the evolution of an infinite Metaverse. A place where the world can come together to craft a completely unique GameFi experience, where communities can enjoy an endless array of entertainment, gaming, and earning pathways.
Find out more about The Parallel:
Website: https://theparallel.io/
Twitter: http://twitter.com/theparallel_io
Medium: http://medium.com/@theparallel
Discord: http://discord.gg/ex6SckmWqp
Facebook: http://facebook.com/theparallel.io/
Telegram:
Youtube: http://youtube.com/channel/UCKvlkWCeNDEgxa41k1wBZYA
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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