IDO - Presale Information
What is an Initial DEX Offering on the Sologenic DEX (IDO)?
IDO participants will use $SOLO tokens to purchase the newly issued project tokens. They may contribute to the project's development or acquire tokens for potential investment purposes.
Attention: learn more about the XNET ecosystem and token.
XNET IDO:
We have allocated 40,000,000 $XNET tokens to go on presale on the Sologenic DEX. We will be issuing the IDO in 6 rounds that will begin on the 18th of May 2023 22:00 BST and will end on the 18th of February 2024.
The dynamic price appreciation model outlined in this whitepaper introduces an innovative approach to incentivize early investments in the XNET ecosystem. By incrementally increasing the token price by 15% at each round, this model motivates investors to act promptly, recognizing the potential benefits of investing before subsequent price escalations.
Attention: USD prices have been calculated based on the XRP/USD conversion rate on the 17th of May 2023.
| Distribution (XNET) | Price (USD) | Price (XRP) | Amount (XRP) | Duration |
|---|---|---|---|---|
2,500,000.00 | 0.011 | 0.025 | 62,500.00 | 18/05/23 - 18/06/23 |
2,500,000.00 | 0.012 | 0.029 | 71,875.00 | 18/06/23 - 18/07/23 |
5,000,000.00 | 0.014 | 0.033 | 165,312.50 | 18/07/23 - 18/08/23 |
5,000,000.00 | 0.016 | 0.038 | 190,109.38 | 18/08/23 - 18/09/23 |
10,000,000.00 | 0.019 | 0.044 | 655,877.34 | 18/09/23 - 18/10/23 |
15,000,000.00 | 0.022 | 0.050 | 754,258.95 | 18/10/23 - 18/11/24 |
Benefits
The proposed mechanism offers numerous advantages:
early investor advantage.
increased investor participation.
sustainable ecosystem growth.
By implementing this model, the token ecosystem aims to create a thriving investment environment that rewards proactive investors and fuels its long-term success.
Why are we doing an IDO?
We are doing an IDO to raise capital to aid the development of the XNET platform. We also wish to spread more awareness about our platform through marketing and influencer campaigns.
How do I particpate in the IDO?
The the 1st round of the IDO will be live on the 18th of May 2023 23:00 BST.
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