Solrise Finance Overview
Solrise Finance is the first DeFi platform which enables the creation and management of decentralized investment capital, with no need for intermediary partners assembled on the Solana blockchain.
With Solrise Finance, investors and managers will have the ability to create, monitor, trade and authorize non-custodial assets. Built on Solana blockchain, allowing for rapid transactions, diversified asset portfolio and Solana ecosystem. In addition, the system will incorporate all DeFi protocol integrations from the open asset pool to expand the protocol. Investors will have the ability to explore and monitor the performance of capital on the stage in both historic and real time detail before deciding where to invest, with extremely low barriers to entry.
The job’s SLRS token was made to collect value for holders throughout the expense of managing and generating funds.
See more: What is Solrise Finance (SLRS)? Find out regarding the job Mercurial Finance — another IEO on FTX
FTX opens IEO sale for Solrise Finance
Information about Solrise
- Name of job: Solrise Finance
- Symbol: SLRS
- Total distribution: upgrading
- Circulating supply upon list: upgrading
- Token standard: Token SPL on Solana
- Official site: https://solrise.finance/
- Telegram: https://t.me/solrisefinance
Details of the IEO. Event
Time: IEO begins at 08:00 PM on May 29, 2021 (Vietnam time).
Number of revenue: 5,000,000 SLRS
Number of tickets to obtain IEO: 1,000 tickets, equal to 5,000 SLRS/ticket
IEO Price: minimum is 200 USD (0.04 USD/SLRS) and maximum is 250 USD + 5 FTT (0.05 USD per SLRS + 5 FTT).
Participation principles: To bidding in an IEO, ensure to read the rules below and perform the following beforehand:
- Register your FTX accounts and total KYC level 2. Due to lots of new registrations, any accounts filed after 08:00 PM on June 28, 2021 (UTC+8) won’t be guaranteed. Guarantee to take part in IEO.
- Prepare cash to bid: at least 200 USD(T) and maximum 250 USD(T) + 5 FTT per ticket for 5,000 SLRS.
- Users will only have 1 hour to bidding: from 08:00 PM on May 29 to 09:00 PM on May 29
- You can take part if you’ve at least 150 FTT bets on FTX as of 24 hours prior to the IEO starts. You will get more tickets if you bet more FTT.
- Staking FTT will be aggregated across all participants’ ftx.com sub-accounts.
- The number of valid tickets will be set based on the number staked 24 hours prior to the IEO time. FTX will show the last count a couple of hours ahead of the IEO time.
Note: FTX won’t guarantee the right to take part in IEO or the right for any allocation to users even when the above conditions are met.
IEO results
At 21:00 PM on June 29, FTX will draw a lottery and run SLRS allocation.
The highest bidders will be considered first; if there are more than 1,000 tickets, each ticket is priced at 0.05 USD per SLRS + 5 FTT, the flooring will randomly allocate among qualified tickets.
Once the outcomes are closed, SLRS tokens will be moved to the winning purchaser’s sub-account and they’ll have the ability to transfer funds (non-SLRS) from the SLRS-IEO sub-account. Users who don’t win the IEO will be reimbursed.
All FTT obtained from users in the IEO will be burnt.
For every bid ticket, if won, will lead to a trade: the bidder placed his bidding and received 5,000 SLRS. Participants can enter the amount of tickets that you want to take part in. Each ticket is another ticket for another 5,000 SLRS tokens; In concept, the consumer will have a opportunity to win all of the tickets which participated in the bidding.
Any user who’s qualified for the IEO (accounts with KYC degree 2 or greater ), you can join if you have at least 150 FTT staking on FTX as of 24 hours prior to the IEO starts. You will get more tickets if you gamble more FTT:
FTT was staked 24 hours prior to the IEO, will get tickets as follows:
- 150 FTT staked: 1 Ticket
- 1,000 staked FTT: two tickets
- 10,000 staked FTT: 3 tickets
- 50,000 FTT staked: 4 tickets
- 250,000 FTT staked: 5 tickets
- 1,000,000 FTT staked: 6 tickets
To learn more about the job and receive the latest news, join the Solrise Finance Community (SLRS) on Telegram here:
Announcement Channel | Discussion Channel
