BSCStation Launchpad New IDO rules updated - BUSD commit will be applied

Mar 18, 2022

Aiming to help users get more allocation and increase investment opportunities for projects, we will apply new IDO rules as follows:

BSCS holders can commit BUSD funds during the token sales. After the sale ends, BSCStation will calculate the allocation per user based on the fund committed and the Tier Models. By doing this, BSCStation can ensure that all the tokens are allocated to users, while projects reach their fundraising target!

The details are as follows:

I. BSCStation's Launchpad New IDO Format

1. Step 1:

Go to https://bscstation.finance/#/launchpad

=> Find the IDO project still ongoing and you want to participate.

If you’re whitelisted for a Pool of the IDO project. The “Commit Fund” button will be enabled. You will see the fund that needs to be committed into the pool.

The allocation will be calculated after the Pools close.

⚠️ Important Notice

The number of BUSD commit is not fixed, it is depend on the IDO project.
User can claim the remaining BUSD after the calculating period

2. Step 2:

Click on “Commit fund" => Your fund will be committed into the pool.

Allocation will be switched to “Calculating” status.

3. Step 3:

The system will calculate the allocation per user based on the tier models and the total number of people committing funds in the pool.
When the token sale ends, your allocation will be shown and the corresponding BUSD amount will be deducted from the deposited fund.
You will see the amount of the Change that needs to be claimed. Click “Claim remaining fund” to get the leftover amount of your funds. And now you can see your allocation.

4. Step 4:

When it’s time to claim tokens, you can choose to claim your Token or get a refund within 2 hours of TGE.

II. How to calculate allocation per user

We will calculate the allocation per user based on the current IDO tier model on BSCSstation.

BSCStation IDO Tier Model: https://docs.bscstation.finance/get-started/launchpad/ido-rules

Example: Supposing we sell 1 million tokens in the IDO, after token sale ends:

If the actual number of commit BUSD wallets is lower than the number of whitelisted wallets:

For example: Among the wallets that committed BUSD, there are 300 Bronze Members, 40 Silver Members, 10 Gold Members, 5 Platinum Members, and 4 Diamond Members.

The combined weight of all the qualifying buyers in this example is (300*15) + (40*35) + (10*60) + (5*190) + (4*390) = 9010;

⇔ 4500 + 1400 + 600 + 950 + 1560 = 9010 The amount of tokens allocated to each weight is 1,000,000 / 9010 = 110.98 token

Each user in Bronze will get : 110.98*15= 1664,7 token
Each user in Silver will get: 110.98*35 = 3884,3 token
Each user in Gold will get: 110.98*60=6658,8 token
Each user in Platinum will get: 110.98*190=21086,2 token
Each user in Diamond will get: 110.98*390 = 43,282 token

About BSCStation

BSCStation is a Full-Stack DeFi platform on the Binance Smart Chain. We provide exclusive services including: BSCSwap, IDO Launchpad, Yield farming, NFT Auction and Marketplace and especially Incubation hub for Blockchain startup.

BSCStation operates on top of the Binance Smart Chain and is designed to offer maximum value to consumers and institutions. Binance Smart Chain has solved the problem of infrastructure in the context of BSCS’s product, and that BSCS represents the ideal use case to leverage the technologies offered by its platform.

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 the Binance Smart Chain ecosystem and other Blockchain protocols.

BSCS Newsletter

Discussion about this post