Cheesus ILO incubation: Participation
Hello everyone! This article explains how to participate in our upcoming incubated launch, namely Cheesus (Token ticker: CHEESUS on Binance Smart Chain), and how to claim purchased tokens once the ILO is finished.
UniCrypt Network strongly recommends checking their upcoming releases and products! The ILO platform will be the one launching the token on the market (PancakeSwap)
What are the ILO rounds?
Cheesus incubated ILO, listed here, will be divided into 3 rounds, like any other crowdfunding sale taking place on UniCrypt.
Round 0 will start on block 14672153, which is roughly on Jan 25th at 11:15 UTC. You can see the exact countdown from BSC Scan here.
ℹ ️Be sure to check it out on a regular basis, block times on Binance Smart Chain may sometimes be delayed.
▶️120 guaranteed spots will be available for UNCL reservations, and it’s a first-come-first-serve model to purchase
UPDATE: the UNCL reservation phase is over, 720 UNCL were successfully burnt and no more spots are available
▶️ 60 ️️guaranteed allocations spots are reserved for the whitelisted participants, this is handled by the Cheesus team. Check out their contest here! 50 spots will be allocated for the contest winners, and the last 10 will be given after the Cheesus AMA we’ll be hosting (exact timing to be announced, but obviously before the ILO takes place)
▶️Each wallet can not purchase more than 1 spot, and each spot offers an allocation of 1000 BUSD (maximum allocation per user). Vesting rules for ILO participants are detailed later in this article.
▶️⚠️ We are aware that there is a lot of attention around our incubated launches. Please make sure not to interact directly with the ILO contracts if you’re not an expert user. No refunds will occur.
Once a spot has been successfully purchased or allocated through the whitelist feature, participants will need to deposit their BUSD participation ️⚠ BEFORE ROUND 1 STARTS⚠.
Otherwise, the spot will not be guaranteed anymore and, therefore available for future rounds participants.
To deposit your BUSD participation during round 0 (UNCL spots and whitelisted users), open the ILO page, connect your wallet, and spend your allowance (max 1000 BUSD, anything above is immediately sent back to your wallet)
ℹ ️We highly recommend depositing your BUSD participation as soon as possible once Round 0 has started to ensure you are not missing your allocation.
Cheesus ILO round 1 will start on Jan 27th, at 18:00 UTC (block countdown here).
This round is open for UniCrypt holders (to be eligible to participate, your wallet needs to either hold 3 UNCX or hold 50 UNCL). For those that aren’t familiar with the platform, we recommend reading this FAQ.
Among the holders, it is a first-come-first-serve model and therefore some may expect higher gas transactions. The steps are the following :
▶️Hold 3 UNCX or 50 UNCL in the wallet you’re willing to use to purchase Kryxivia tokens.
▶️Ensure you also hold BUSD, to afford the gas you will need some BNB and the participation (max. 1000 BUSD participation per wallet)
▶️Connect your wallet to the ILO page (check you use the correct link😉):
▶️Participate once round 1 opens.
▶️Vesting rules for ILO participants are detailed later in this article.
⚠️ We are aware that there is a lot of attention around our incubated launches. Please make sure not to interact directly with the ILO contracts if you’re not an expert user. No refunds will occur.
Round 2 is opened 2 hours after round 1, if the hard cap is not met, and is opened for everyone (non-holders).
No need to explain how it works, this incubated launch will not hit round 2 and the ILO will last way less than 2 hours.
What is the vesting for participants?
The remaining 70% will be linearly unlocked (you can claim the unlocked portion at any block) over the next 3 months (from TGE to 3 months after, likely around April 27th, 2022).
Claiming from the ILO page
Very simple! Just open the ILO page and connect the wallet you participated with. You can then withdraw your TGE allocation (30% of tokens, in Cheesus case)
Claiming from your account page
1️⃣ Open the account page: https://app.unicrypt.network/account
2️⃣️ Select the ‘TOKEN LOCKS’, make sure the selected network is Binance Smart Chain, and then connect your wallet.
3️⃣You will see your token lock(s) available (in the screenshot below, this is an example with UNCX, our own token)
Please click on the locked token (in your case, Cheesus), and you should see your ongoing vesting schedules.
In the above,
- Status of your lock (Locked/Unlocked)
- Locking type (simple/linear)
- Filters (allows to show locked, unlocked, and withdrawn past locks
- The wheel allows you to interact with the lock (withdrawal!)
Once you have clicked on the wheel, you can click withdraw, and select the amount you want to withdraw from the tokens that are available for withdrawal.
Please make sure to let us know if you experience any trouble, our team is also always open for feedback.