Private Token Sale
Only whitelisted users can join the Private Token Sale.
In the 1st phase of distribution, Singular DAO will distribute 10M SD and the team has decided to extend an additional 20M SD for Automated Yield Compounding participants.
Pre-sale Date: 5th June 2024 from 08:00:00 UTC
Token: $SD
Price per token: $0.8 USDT per $SD
Each whitelisted address can buy a maximum of 50,000 USDT
Vesting Period: Linearly release over 14 days from the launching date
Funds raised during our IDO will be used to further improve the Singular protocol, and hire more top-tier blockchain developers and audit firms.
Floor price: $0.80 per $SD
The price of $SD will start at $0.80 and the price per SD will remain the same until the first 3 Million SD is distributed as widely as possible. Once 3 Million SD is distributed, the price will start to increase in a linear function.
Ceiling Price: $2.5 per $SD
During the first 72 hours, every participant will receive the same price but the purchase price will be determined by the final amount of $ deposited into the value at the completion of the sale.
A total of 3 million SD tokens will be open for sale during the Community Offering. aSD will be redeemable, 1:1 for SD, prior to our public launch.
Once 10.5 M is distributed via the vault, SD tokens will then be locked when to prevent price manipulation where max contribution equals $2.5 per SD.
How to Get Whitelisted
To prevent bots and spam attacks, Singular DAO will allow interested participants to join our Whitelist and will have clear guidelines on how to gain access to our IDO in the direct email that we send. If fully subscribed, the Private Token should bring in about $200k and $50,000 will be deposited back into the treasury and the remaining $150k as liquidity.
That said, participants who signed up for our Whitelist and were in our Discord before Feb 15th at 23:59:00 UTC, are eligible to take part in the initial token sale.
Pre-Sales & Fair Distribution
The whitelist to open for all and thus promote fairness, allowing SingularDAO to have better communication with all participants and have a fair distribution amongst community members.
Security & Multi-Sig Contacts
SingularDAO will have confidential KYC using Tier 1 audits and open-source contacts with multi-sig contracts.
. This includes peer reviewed code, multi-sig contracts, budget for Tier 1 audits, open-source smart contracts, pre-defined token allocations with 0 ambiguity, confidential KYC via RugDoc, and a team that prides itself on answering questions posed by the community.
Stay innovative and listen to the wave of change in DeFi. Singular is here.
Soft Launch (Initial DEX Offering)
Singular DeFi DAO launch allow participants to contribute and participate in the IDO at a discount while boosting the network’s prospects. We will be opening the round for VCs as well as everyone because we believe our community deserve a fair chance for unique launches like this.
A lot of DeFi DAO launch seemed too shy away from high net worth individuals or whales. For our floor and ceiling price set in place, we don’t really care how much money you have. Also, we have a max of $50k investment, so this will prevent any whales, bots, or Stealth LPs to run up the price significantly. In other words, what we want is the widest distribution among those who believe in the project.
While an Initial DEX offering is nothing new, it is still one of the best platforms for Singular to spearhead unique launches like this.
We have found that Singular DAO work best when the governance burden related to curation, security, and risk can be reduced faster than the natural increase in coordination costs that accompanies the need to have members involved in voting on every decision made.
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