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Synthetify Overview
Synthetify is a decentralized protocol which enables the creation and exchange of artificial assets, they monitor the purchase price of the assets. Synthetify’s synthetic assets are Solana’s SPL standard, permitting them to easily integrate with DeFi applications through the Solana ecosystem
Synthetic resources are tokenized derivatives, which means that they monitor the purchase price of real assets such as xBTC tied to the amount of BTC on a centralized market.
Synthetify IDO Participation Information on AcceleRaytor Raydium
Details to take part in Public Raise on AcleRaytor
- Total number of tokens for the Structure: SNY 700,000 (accounting for 0.7% of total SNY distribution ), 100% unlocked.
- Fixed cost:1.5 USDC for 1 SNY
- Total call funds: 1,050,000 USDC
- Form: Lottery
- Allocation for every winning ticket: 100 USDC (SNY 66,666666)
- Total number of winning tickets: 10,500 tickets
- Pool opening time: 19:00, June 29, 2021 (Vietnam time)
- Pool final time: 23:00, June 29, 2021 (Vietnam time)
- Time takes place: 4 hours
Pool conditions and details
There will be a Pool RAY committed to Synthetify’s fundraising.
- Allocation will be determined based on the lottery system
- Allotment to ticket winners: 100 USDC/ticket
- There are two snapshots to ascertain the allocation ticket
Term 7 days:
- Condition: Minimum Stake 100 RAY prior to the deadline seven days under and deposit USDC inside the pool available period. Note that RAY must keep staking before the pool opens.
- Winning ticket: 1 ticket is equal to 100 RAY staked, every individual can be given a maximum of 5 tickets. Stake over 500 RAY still only get up to five tickets.
- Staking length is 7 days: before 19:00, June 22, 2021 (Vietnam time)
30 days interval :
- To reward longer RAY holders, users qualify for a 30-day interval will get more tickets on tickets received within 7 days.
- Conditions: Minimum staked 50 RAY 30 days before and is keeping stake prior to the deadline under and successfully deposited USDC to the Open Pool. RAY must stay until the pool opens.
- Winning ticket: 1 ticket for each 50 RAY staked, maximum five tickets per person, and 1 additional ticket for 1,000 Staked RAY.
For instance: Alice is staking 2,500 30 days beforehand. She will get 12 tickets from which 5 tickets for 7 days advance duration and 5 tickets for 30 days time limit and two additional tickets for staking 1000 RAY.
- 30 days for staking will be taken (snapshot) in 12: UTC on 30/5/2021 (ie 19:00 Vietnam).
How it functions:
Lottery tickets: Users get tickets in line with the above dialing mechanism. However, for a winning ticket, users need to deposit USDC for every ticket they want to take part in to complete the procedure.
For instance: Alice has 12 tickets above, Bob staked 300 RAY 7 days beforehand and received 3 tickets.
Send cash to: When the pool is available, users will need to deposit 100 USDC for each ticket to continue to participate in the lottery. Users can opt to deposit less than their allotted number of tickets, nevertheless unsuccessful tickets won’t be able to deposit. Deposits must be multiples of 100 USDC (200, 300,. .) .
For instance: Alice deposits 1,200 USDC for the maximum allocation to make sure all 12 of her tickets have been entered into the lottery. Bob deposited 200 USDC even though he had 3 tickets since he did not have sufficient money to take part in 3 tickets. In Bob’s instance, just two tickets were entered into the lottery.
Lottery tickets: Once the pool is closed, the Lottery procedure will occur and the winning ticket will get 100 USDC SNY. The result of the lottery ticket is going to be taken place very quickly after the pool closes. User could have more than 1 winning ticket
For instance: Alice obtained the winning ticket and obtained 1000 USDC SNY. Bob didn’t get the winning ticket.
Claim: Once the lottery is complete, users will have the ability to draw their USDC for the winning tickets. The receipt of SNY in the winning ticket will be opened once trading begins for SNY IDO (details in the section below)
For instance: Alice receives 1,100 USDC SNY and Bob asserts 200 USDC following the lottery results. Alice will have to wait till SNY’s IDO to assert SNY.
Synthetify (SNY) IDO Information on Raydium
Token starting price: 1.5 USDC for 1 SNY
IDO launching time: 20:00 day June 30, 2021 Hourly Vietnam.
How it occurs:
- Raydium will establish the SNY-USDC pair liquidity pool on the aforementioned time frame following the trading happens on the market that will execute the Radium Swap interface. AMM will begin launching orders on Serum after a while LP launches ra
- Participants who win tickets on the Accelerator pool will also have the ability to maintain their tickets at exactly the same time as previously.
Fusion Pool — Provide liquidity to make SNY. Rewards
- Users will also have the ability to supply SNY-USDC LP liquidity to and then bet LP to get returns on Fusion Pools. The reward will be SNY.
- Pool Fusion rewards will start once the LP starts, giving users time to add liquidity and bet in Fusion pools to raise yields.
Instructions to take part in Stake RAY on Raydium
Detailed directions for Staking on RAY on Raydium
Minimum requirement is 100 RAY
Step 1: Brothers obtaining the Raydium platform: https://raydium.io/staking/
Step 2: Connect the wallet into the Raydium platform. Click select “connect”. Select Sollet Extension. If you create a wallet directly in the browser, select “Sollet”
Step 3: Wallet is connected, Please choose the bet table to show “Stake RAY”.
Step 4: Enter the number to Stake and press”Confirm“
After”confirming and confirming the amount, you’ve finished staking RAY to combine Synthetify.
Currently Pool AcceleRaytor isn’t open, so I haven’t shown you how you can send USDC into the pool.
Mercurial’s IDO manual can be found here
Summary of instructions to combine Synthetify’s IDO on RAYDIUM
Above is instructions to combine Synthetify’s IDO on Raydium, the content of this article only encapsulates detailed information about Synthetify’s involvement in Public Sale and IDO, Raydium’s attributes like supplying liquidity and yield Farm token LP on Pool Fusion, please refer to this preceding article. Readers, please follow coin68 station to upgrade the most recent information. This is All information from the guide is data researched by Coinlive itself and Coin68 isn’t liable for any direct and indirect risks. Good luck!
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