Cheesus ILO incubation: Participation

5 min readJan 25, 2022

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.

About Cheesus DeFi: Website | Twitter | Telegram

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 0️⃣

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.

During round 0, people willing to participate can purchase a guaranteed allocation spot by burning 6 UNCL tokens. PancakeSwap UNCL pool link is here if you need to purchase the tokens.

▶️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.

Round 1️⃣

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😉):

https://app.unicrypt.network/amm/pancake-v2/ilo/0x4c4F27c00422FcdD513719282ae3cfBCb678d3E4

▶️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 2️⃣

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?

People that participate in the ILO will be allocated 30% of their purchased Cheesus tokens at the TGE and will be required to claim them from the Cheesus ILO page.

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).

⭐Each UniCrypt ILO participant will be able to claim/withdraw his TGE tokens from the ILO page, and later on the remaining tokens from the account page.

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.

Connecting your wallet on the correct chain

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.