🛡 BSCStation Introduces New IDO Rules - Provide the Best Protection & Benefits for Community and Projects 🔥
🙌 BSCStation Launchpad, the premier platform for IDOs launches, is proud to announce that we will update our IDO rules to better serve the needs of the community. The new rules come as a result of the fast-paced development of the DeFi and blockchain ecosystems and aim to provide better protection to the BSCStation community while enhancing the platform's security, transparency, and compliance.
💎 BSCStation Launchpad is committed to providing a safe and secure environment for users to participate in IDOs. To adhere to our mission to bring top-quality IDOs to our community's attention, we have formulated a list of new IDO rules that will apply to all projects launched on our platform. The updated IDO rules are designed to enhance the overall user experience and protect participants' interests, ensuring a fair and equitable distribution of tokens to investors.
These regulations will also benefit projects as they will guide them on how to prepare for the IDO more comprehensively to ensure their success, as well as high returns for their investors. In addition, all approved projects will receive multifaceted support in marketing, tokenomics advisory, launch strategies, and more from our team.
🌟 Here are the new updated protection clauses at BSCStation Launchpad:
💠 Tier System
The Tier System of BSCStation has 6 total tiers, with a new and exclusive tier recently added: "Super Diamond”.
The BSCStation Tier Requirements:
Bronze: Users need to stake 15,000 BSCS. Pool weight: 15
Silver: Users need to stake 30,000 BSCS. Pool weight: 35
Gold: Users need to stake 50,000 BSCS. Pool weight: 60
Platinum: Users need to stake 150,000 BSCS. Pool weight: 190
Diamond: Users need to stake 300,000 BSCS. Pool weight: 390
Super Diamond: Users need to stake 500,000 BSCS. Pool weight: 750
Refund right: full refund within 12 hours after TGE
This requirement ensures that the most dedicated and committed community members have access to exclusive benefits as a reward for their loyalty and support.
The “Super Diamond” members will secure a higher portion of the IDO allocation pool thanks to the total 750 pool weight, which is a significant advantage for users who invest in IDOs on BSCStation Launchpad and potentially reap the rewards of early investment.
The "Super Diamond" tier will open up more attractive and extensive investment opportunities with exclusive benefits along with the ability to generate extremely high profits for the community.
💠 Extensive Due Diligence
BSCStation is dedicated to promoting projects of the highest quality and ensuring that each project aligns with our stringent standards. Therefore we will only approve high-quality projects that receive the approval of our Due Diligence team through 3 Extensive Due Diligence rounds.
Our Due Diligence team consists of 11 highly qualified and experienced professionals. Each team member brings a unique area of expertise to the table and will be tasked with comprehensively examining each project's information.
This evaluation aims to ensure that each project meets the stringent standards set by BSCStation Launchpad, is built upon a solid foundation, and is well-conceived before being approved for launch on the platform. By doing so, we aim to provide the community with only the best and most promising projects.
💠 Funds Distribution
BSCStation Launchpad will only transfer funds in batches based on the vesting schedule set by the project. The first batch fund will be transferred within 48 hours after the token listing event on the exchange, and the subsequent transfers will follow the project's IDO token vesting schedule.
This will allow BSCStation to hold raised amounts for refunds at a safe vault in case of rug pools or any other critical failure caused directly or indirectly by incompetent management of the project.
For example:
A project raises $100,000 in an IDO on BSCStation with a distribution of 25% at TGE, linear vesting over 3 months with 25% token distribution each month.
BSCStation will only transfer $25,000 within 48 hours after the TGE, and the subsequent transfers will be after the 2nd, 3rd, and 4th vesting of the project.
⭐️ Price Maintenance Requirement for the project:
At the token listing event, the project must maintain the token price at least 25% above the IDO price to be eligible to claim the fund. If the token price falls below the IDO price for 24 consecutive hours, BSCStation will use the fund from the IDO to fully refund the community.
At the 2nd vesting, BSCStation will only transfer the fund when the project’s token price is above the IDO price. If the token price falls below the IDO price for 48 consecutive hours (starting from the 2nd vesting), BSCStation will refund the community equal to the number of tokens distributed in this vesting. (As in the example, the refund will be 25%, equivalent to the 2nd fund batch).
Every subsequent token vesting event of the project will also be applied with the same requirement as the 2nd vesting. This requirement is mandatory for all projects in all market conditions.
⭐️ Refund mechanism
The Refund mechanism will apply to all Tiers if the project fails to satisfy the Price Maintenance Requirement.
Especially, “Super Diamond” users can trigger the refund mechanism within 12 hours after TGE in any circumstances.
💠 Vesting Schedule Adherence
Our priority is to ensure the best experience and benefits are always provided for the community. That's why we enforce strict compliance with tokenomics vesting schedules for all projects that have made agreements with the BSCStation team.
BSCStation will also actively monitor the projects' development progress to ensure they stay on course and meet their roadmap commitments as scheduled.
This guarantees that the project will follow its agreed-upon distribution plan, protect the token's value for the community's benefit, and secure its long-term success.
💠 Liquidity Requirements
BSCStation Launchpad requires a certain minimum amount of liquidity to be put (according to the raise) and locked for at least 12 months. The minimum liquidity requirement does not include the project's token.
If the projects don't add sufficient liquidity, they will be penalized, and in severe cases, BSCStation reserves the right to keep the raised amount of tokens in stablecoins in order to protect our community.
This requirement will help ensure long-term stability and growth for their tokens as well as guarantee the benefits for the investors.
💠 Marketing and Fund Use Plans
BSCStation will thoroughly evaluate the project roadmap and development budget, considering both development and marketing aspects to ensure that the plan is viable and enough sufficient funding has been allocated for long-term growth.
With this approach, investors can rest assured that the projects launched on BSCStation Launchpad will have a well-thought-out strategy for maximizing the returns from the IDO. Not only will BSCStation help the projects lay out a clear plan for the effective promotion and utilization of funds raised during the event, but we will also provide guidance for the projects to have a steady future development. This will give the projects the foundation they need to succeed and thrive in the long term.
💠 Token Delivery
BSCStation believes in complete transparency and accountability for all projects that launch on our platform. That's why we enforce a strict policy of requiring full amounts of tokens to be transferred within 2 calendar days before the launch, with no exceptions.
This policy eliminates any potential risk of a token vesting delay and ensures that our platform remains secure and trustworthy for all parties involved.
If the project has created a contract with vesting in it, BSCStation will need to be given the full amount of all vestings still before the TGE, thus demanding the changes necessary in the contract to be done in those cases.
This may require modifying the original contract, but this extra step is essential in ensuring the success and stability of the projects launched on our platform. With BSCStation, you can have peace of mind knowing that your token launch is in good hands.
💠 Smart contract Audits and Team KYC
BSCStation prioritizes security and integrity in all of our token launches. To ensure a safe and decentralized experience for our users, we require all projects to undergo thorough token security audits.
These audits must be conducted by reputable, industry-standard firms who adhere to strict standards and only modify their reports when all critical and major issues have been resolved. We firmly reject any tokens that contain malicious or centralized blacklisting functions and will only launch those that meet our rigorous security standards.
In addition, all the BOD of the project must undergo a thorough KYC process to confirm that the individuals behind the project have the necessary experience and qualifications to run and develop the project effectively.
This is a mandatory requirement for all projects.
💠 Listing Timeframe
BSCStation will require at max 15 days between the IDO and the listing date (TGE). Therefore, we strongly recommend that all projects implement the token listing as soon as possible, preferably 0-48 hours after the IDO ends, to keep the momentum going and make the most out of the hyped-up community.
In cases where 15 days is exceeded, BSCStation will have the right to open a community vote for our users to decide whether we will continue with the project or do a full refund.
💠 Refund Right
BSCStation has the right to issue a partial or full refund at any time if we find evidence of
Terms violations
Commitments non-compliance
Signs of fraud
False information, malicious
Bad practices, critical errors, etc.
Or when the token price fall below the IDO price for 2 consecutive vestings, affecting the reputation of BSCStation Launchpad, our partners and users.
In conclusion, the updates to the IDO rules on BSCStation Launchpad are aimed at providing a fairer, safer, and more user-friendly experience for everyone. With these rules and clauses, we welcome a safer journey for everyone. BSCStation is excited about the future of decentralized token launches and looks forward to continuing to serve the needs of our users.
🚀 We understand that these changes may impact some users, and we are committed to working with our community to ensure a smooth transition. If you have any questions or concerns about the updated IDO rules, please don't hesitate to contact our support team.
💪 Stay tuned for more exciting updates for a promising year!
About BSCStation
BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap
BSCStation operates on top of all the main blockchain networks and is designed to offer maximum value to consumers and institutions.
BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.