The Impossible Finance IDO #3 – Blocto Token Sale
Dearest Bulls,
Dearest Bulls,
Impossible is excited to announce that Blocto(BLT) will be our third launchpad project — Impossible IDO #3 — BLT Token Sale.
To learn more about Blocto, check out their website. Over the next few weeks, Impossible will share an interview with Hsuan Lee, Co-Founder & CEO of portto/Blocto, along with other activities and information on Blocto.
Sale card to be displayed here soon:
https://invest.impossible.finance/launchpad
Learn how to use the Impossible Launchpad here
Subscription Timeline:
KYC Preparation Period: Rolling ongoing basis. Users can submit their information and pass KYC anytime during the entire IDO timeline. Only users that have completed KYC & are from accepted countries will be able to participate in this sale
Staking Period: Block 10875200 to Block 11298300 estimated to be 2021/09/14 5:00 AM (UTC) to 2021/09/28 5:00 AM (UTC). After completing KYC, stake IDIA into Impossible’s Launchpad staking contract which will record user’s staked IDIA balances within the 14 day period. User’s IDIA balance will be captured onchain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
Purchase Period: Block 11304260 to Block 11332860 estimated to be 2021/09/28 10:00 AM (UTC) to 2021/09/29 09:30 AM (UTC). Subscription will open at this time for all eligible users for approximately 24 hours depending on BSC block times. Users may elect to purchase any amount of BLT up to the allocation derived from the staking period.
Claiming Period: We have moved the Claim period to start immediately after the Purchase period ends at around 2021/09/29 9:30AM (UTC). ⚠️ Remember to purchase your allocation before this time!
**Due to variability in block times across multiple chains, exact details on the Claiming Period are subject to change prior to distribution in order to synchronize with other parallel launches.
Blocto Token Sale Details:
Token Name: Blocto Token (BLT)
Launchpad Sale Hard Cap: 200,000 USD (split into multiple pools)
- Standard pool: 100,000 USD
- Unlimited pool: 100,000 USDGleam Campaign: Token Amounts 12,500 BLT (equiv. 5000USD @ Publc Sale Price)
Total Token Supply: 500,000,000 BLT
Day 1 Circulating Market Cap: $10,000,000
Tokens Allocated to Impossible Launchpad: 500,000 BLT* (0.1% of Total Token Supply)
Public Sale Token Price: 1 BLT = 0.4 BUSD
Listing Price: TBD — 0.4 BUSD
Token Sale Format: Staking Subscription
Sector: Impossible Finance Wallet Track
Supported Staking Tracks: IDIA staking only
KYC requirements: Residents from countries or regions such as US, Mainland China, Hong Kong, Macau, Taiwan and UN-sanctioned countries are excluded from participating.
Launchpad Pools (Sale cards)
For Blocto (BLT) IDO, we will be having 2 sale cards to cater to different users:
Standard Sale: Stake limit — Users can stake a maximum of 10,000 IDIA tokens (approximately 5,000 USD worth at time of calculation) at any one time as consideration for allocation. The maximum BLT a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
Unlimited Sale: No stake limit — Users can stake any amount of IDIA at any one time as consideration for allocation. The maximum BLT a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
Note: For users who may not be able to participate in the standard or unlimited sales, users may participate in our upcoming Gleam marketing campaign and complete community-oriented tasks to earn additional BLT rewards. Please stay tuned to the Impossible Finance social media channels for more details!
How to purchase IDIA Tokens
If users do not have IDIA tokens yet for the BLT IDO, you can purchase it via the below venues:
OpenSwap (Optimal way to find the best on-chain swap options)
Impossible Swap (Swap Guide)
Token Allocation Calculation
The token sale for BLT will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA balances recorded at the start of the stake period.
This design is currently selected to ensure that all users can have a proportionate access into the BLT token depending on which pool they enter into. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
KYC Details
KYC requirements: Residents from countries or regions such as US, Mainland China, Hong Kong, Macau, Taiwan and UN-sanctioned countries are excluded from participating.
KYC Preparation Period: Rolling ongoing basis. We require 100 IDIA or 25 IF tokens to start KYC to prevent bots from spamming our KYC partner. Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users’ IDIA, users have to pass KYC before the staking period begins. In other words:
If users pass KYC after the end of the staking period, they will miss the opportunity to participate
If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period
About Blocto:
Blocto is a cross-chain, integrated smart contract wallet service designed for both developers and users. With Blocto, users can easily and frictionlessly interact with their NFTs, crypto assets, and blockchain decentralized applications (dApps) within the mobile app. Irrespective of which blockchain these assets and applications are built on, developers can integrate and leverage the Blocto service to provide a seamless onboarding process.
With improved interoperability built upon our smart contract wallet architecture, the ecosystem expands exponentially and brings blockchain to market mass adoption empowered by the BLT tokenomics.
In the nutshell, Blocto is the Steam for dApps.
Website | Whitepaper | Medium | Twitter | Telegram
Medium (EN): https://medium.com/portto
Medium (ZH): https://medium.com/portto-tw
Telegram (EN): https://t.me/blocto
Telegram (ZH): https://t.me/bloctozh
Telegram ANN channel (EN): https://t.me/bloctoapp_official
Telegram ANN channel (ZH): https://t.me/blocto_official_zh
About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. It offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields.
Website | Whitepaper | Medium | Twitter | Telegram |
Terms & Conditions:
Impossible reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Users need to complete their KYC and also be from an eligible jurisdiction to participate in this token sale.
Exact timing
Impossible.Finance makes every effort to ensure that the actual time follows the above planned schedules. However, there is a high chance that there is a discrepancy between these 2 times due to the very nature of blockchains.
In smart contracts, each event (e.g. staking) is triggered when a specific block is reached, and with block times entirely dependent on network/infrastructure conditions (some block times can be longer than 30% than the average), it can be challenging to predict the block that corresponds to the exact planned time.
When the event is further out into the future, it becomes harder to predict the exact block due to the larger number of unpredictable blocks between now and then. An interesting side effect of this is that the nearer we get to the event, the more certain of the event time we become. And so, the Impossible team has a dynamic frontend that updates the estimated time that corresponds to the specific event block.
Again, while the team makes a best attempt to make each event happen at the said planned schedule, reality is still likely to be different. As such, we make our sub-features like calendar reminders scheduled with a 95% confidence that they are early with 2 disclaimers: (i) there is a small chance that the event happens before the reminder, (ii) we ask that you check the main product page for a more accurate event time closer to the planned time.