We are excited to announce the fourth Maiar Launchpad project: AshSwap (ASH)
The token sale will follow a lottery format, with the recording of user EGLD balances (staked or delegated only) starting with the 11th of October 2022.
Rules for this Launchpad:
- We will calculate the amount of EGLD delegated or staked for each EGLD address that did and passed the KYC checks. Based on the amount staked or delegated the user will be assigned one of the following tiers:
* The guaranteed winning ticket is allocated only if all 64 tickets are purchased, and none of them have been won.
Price per ticket: $50 (paid in EGLD)
Each tier will give the user the option to buy a maximum number of lottery tickets. The user can choose how many lottery tickets to buy but will not be able to buy more than the maximum permitted by the tier assigned based on the amount of EGLD staked or delegated.
Each ticket will cost: $50, to be paid in EGLD; price in EGLD will be determined prior to the lottery draw date. Each winning ticket will receive 625 ASH & 625 LKASH (1 ASH ≈ $0,04). The non-winning tickets will be able to claim back all funds paid for the tickets after the draw. So this is a no-loss lottery, as no one is losing but not all are winning.
LKASH tokens can be used for liquidity provision and farming. The tokens will be unlocked 3 months after the Tokens Generation Event (TGE).
Please ensure that you follow the timeline further down below carefully if you wish to participate
Token Sale Details
- Token Name: ASH (ASH)
- Hard Cap: 2,800,000 USD
- Total Token Supply: 1,000,000,000 ASH
- Initial Token Supply: 143,333,333 ASH (98,333,333 ASH and 45,000,000 LKASH)
- Total Tokens Allocated to Maiar Launchpad: 70,000,000 ASH (7% of Total Token Supply)
- Public Sale Token Price: 1 ASH ≈ $0.04
- Token Sale Format: Lottery
- Funding currency: EGLD
- Reference price: To be established
- 1 ASH Lottery Ticket: Price in EGLD to be established ($50 USD)
- Purchase lottery tickets: October 24 (Monday)
- Lottery draw for winning tickets: October 25 (Tuesday)
- Winners claim ASH token: October 25 (Tuesday)
- Max Number of Winning Lottery Tickets: 56,000
- Allocation Per Winning Ticket: $50 USD (625 ASH & 625 LKASH)
- Supported Currency: EGLD only
- AshSwap Token (ASH) will be issued on the Elrond Network blockchain as an ESDT asset
Launchpad Timeline
Phase 1
October 10 (Monday)
- Project Announcement
October 11 (Tuesday)
- EGLD Snapshots and KYC begin
October 21 (Friday) 11:00 UTC
- KYC submissions end
October 21 (Friday) 23:59 UTC
- EGLD staking snapshots complete
Phase 2
October 24 (Monday) 16:00 UTC
- Buy ASH lottery tickets
October 25 (Tuesday) 15:00 UTC
- Lottery tickets buying ends
October 25 (Tuesday) 16:00 UTC
- Lottery results
- Claim winning tickets
- Reclaim EGLD non-winning tickets
October 26 (Wednesday)
- Price Discovery
October 27 (Thursday)
- Add Liquidity
October 28 (Friday)
- Swaps Enabled
Reminder: Users need to complete their account verification (KYC) and also be from an accepted jurisdiction to participate in this token sale.
* Residents of the following countries are excluded from participating in the IDO (a person can't be a resident, located, or domiciled in any of these countries): Afghanistan, Albania, Barbados, Belarus, Burkina Faso, Burundi, Cambodia, Cameroon, Cayman Islands, Central African Republic , Chad, Chile, Colombia, Congo (the Democratic Republic of the), Egypt, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Jamaica, Jordan, Kenya, Korea (the Democratic People's Republic of), Lebanon, Libya, Mali, Morocco, Mozambique, Myanmar, Nicaragua, Niger, Nigeria, Pakistan, Panama, Philippines, Russian Federation, Senegal, Somalia, South Sudan, Sudan, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United Arab Emirates, United States of America, Vanuatu, Venezuela, Yemen, Zimbabwe.
Special note for Turkey: up to $1000 USD, a maximum of 20 tickets per person are available to Turkish participants, due to regulatory compliance considerations.
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