The Impossible Finance IDO #5 — Ariadne Token Sale
Dearest Bulls,
Dearest Bulls,
Impossible is excited to announce that our Infrastructure & Chain project will be Ariadne ($ARDN).
To learn more about Ariadne, check out their Medium announcements. More details, insights and whitelist activities will be shared over the next few weeks across both Impossible and Ariadne’s channels.
Participate in the IDO via the Impossible Launchpad — link
Learn how to use the Impossible Launchpad link
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: 2021/10/13 5:00 AM (UTC) to Block [12328370] estimated to be ~2021/11/03 5:00 AM (UTC). After completing KYC, stake IDIA into Impossible’s Launchpad staking contract which will record user’s staked IDIA balances. 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 [12334323] to Block [12362907] estimated to be 2021/11/03 10:00 AM (UTC) to 2021/11/04 10:00 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 ARDN up to the allocation derived from the staking period.
*Claiming Period: No earlier than 2021/11/04 12:00 PM (UTC) in order to sync up with other parallel ARDN launches. Timing and details to be confirmed by Ariadne closer to the time. Users will be able to claim their ARDN tokens on the Impossible Launchpad.
*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.
Ariadne Token Sale Details:
Token Ticker: $ARDN
Launchpad Sale Hard Cap: 150,000 USD (split into multiple pools)*
- Standard pool: 75,000 USD
- Unlimited pool: 75,000 USDToken vesting
- 2021/11/04 –33% ARDN token released on day 1
- 2022/05/04 — remaining ARDN token released 6 months laterDay 1 Circulating Market Cap: TBC
Total Token Supply: 25,000,000 ARDN
Tokens Allocated to Impossible Launchpad: 300,000 ARDN (1.2% of Total Token Supply)
Public Sale Token Price: 1 ARDN = 0.5 BUSD
Listing Price: TBC
Token Sale Format: Staking Subscription
Sector: Impossible Finance Infrastructure Track
Supported Staking Tracks: IDIA staking only
Learn more via ARDN medium/whitepaper — here
KYC requirements: Residents from countries or regions such as US, Mainland China, and UN-sanctioned countries are excluded from participating.
Launchpad Pools (Sale cards)
For Ariadne (ARDN) 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 at any one time as consideration for allocation. The maximum ARDN 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 time as consideration for allocation. The maximum ARDN a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
Whitelist Allocation Sales: Users can participate in our upcoming whitelist marketing campaigns and complete community-oriented tasks to stand a chance and winning guaranteed ARDN allocation. Stay tuned to the Impossible Finance social media channels and for more details!
How to purchase IDIA Tokens
If users do not have IDIA tokens yet for the ARDN IDO, you can purchase it via the below venues:
Impossible Swap (Swap Guide)
OpenSwap (Optimal way to find the best on-chain swap options)
Token Allocation Calculation
The token sale for ARDN 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 ARDN 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 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 Ariadne:
Ariadne is a cross-chain DeFi marketplace that is lowering the fees to enter/exit farms on multiple blockchains and saves swaps and bridges costs for both EVM and non-EVM chains.
Ariadne enables users of any supported chain to enter/exit yield farms on a multitude of blockchains, with virtually no lower limit of investment, and without having to deal with bridges, swaps and slippage, transaction costs on receiving blockchains etc.
Website | Medium | Twitter | Telegram
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 | Github | Support | Audit | Video
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.