Updated@06:00 PM UTC on September 12th
A confirmation email has been sent to all eligible participants of the Integral Newcomer Auction. If you have applied for the whitelist, please check your mailbox. We have also made a spreadsheet that contains all the addresses that have been whitelisted. You can double check your eligibility here.
We will publish the link to the auction page on our twitter and Discord after the setup is complete. We will also send a notification email to this address after the auction starts. The auction will last 24 hours, and end at 12:00 PM UTC on September 15th.
Next week, there will be a 700k $ITGR Newcomers Auction dedicated to our community. The auction will take place through a DODO Crowdpooling on Tuesday, September 14, 2021, with a subsequent trading on Uniswap shortly thereafter.
The auction is planned to reward the recently-joined community members an opportunity to acquire $ITGR before it circulates. Available in the auction there will be 700,000 ITGR (0.23% of the total supply). The access to the auction will be restricted by a whitelist, whose seats are limited to 1,000 people. Personal hard cap for this auction will be $1,000.
At the conclusion of the Crowdpooling, this is what to expect:
700,000 ITGR tokens will be claimable for participants based on their stakes at the price of 0.9812 USDC, and become immediately available for circulation and transfer (no vesting).
The fund contributed by participants will be used to seed a liquidity pool on DODO.
ITGR tokens otherwise obtained through the Public Seed Round, Farming Programs, and any other ad hoc programs will become available for claiming based on their originally designed vesting schedules. We will release more information about claiming ITGR later this week.
**IMPORTANT NOTE** US PERSONS AND/OR CORPORATIONS ARE NOT PERMITTED TO TAKE PART IN THIS CROWDPOOLING EVENT!
Why Crowdpooling?
The DODO Crowdpooling option is ideal for ITGR because it is a fixed-price auction that allows for the creation of a new liquidity pool.
This auction process can eliminate key drawbacks of direct listings such as front-running and sudden price spikes. The auction process follows a batch auction format, often used in traditional finance prior to trading.
Read more about DODO Crowdpooling.
Please note that this auction process is NOT on a first-come-first-serve basis. All eligible participants will have an equal chance to evaluate and acquire tokens based on their bids.
Auction Details
Project Name: Integral
Token Ticker: ITGR
Token Contract Address: 0xD502F487e1841Fdc805130e13eae80c61186Bc98
Crowdpool Token Allocation (Number of Tokens for Participants): 700,000 ITGR (0.23% of the Total Token Supply)
Token Price: 1 ITGR = 0.9812 USDC
Personal Hard Cap: 1,000 USDC
The access to the Crowdpooling will be restricted by a whitelist limited to 1,000 people. If you want to apply for your spot on the list, consider supporting Integral by completing the following quests listed here.
Please note, completing quests does not guarantee you a spot on the list.
If the number of whitelist applicants surpass the 1,000-person limit, we will hold a special lottery to determine who gets a spot on the list. Please refer to the email from kyc@integral.link for confirmation.
Before investing, be sure to read through our Risk Factors doc for full details. Cryptocurrencies are inherently risky, illiquid, and may result in total loss of capital.
Step-by-Step Instructions
**IMPORTANT NOTE** US PERSONS AND/OR CORPORATIONS ARE NOT PERMITTED TO TAKE PART IN THIS CROWDPOOLING EVENT!
Pass KYC Process & Complete Quests by 12:00 PM UTC, September 10, 2021
You must submit your KYC documents (including the ETH wallet address you would like to use for the Crowdpooling) and complete any/all quests before 12:00 PM UTC, September 10, 2021. The KYC process is designed to screen out all US PERSONS AND CORPORATIONS. If you are not a US citizen or corporation, you may proceed with the KYC process.
Please visit Integral Whitelist page to complete the quests and submit your KYC documents.
Please submit your KYC document even if you have done so previously for the Integral Public Seed Round or the June TGE.
You can submit your KYC documents when completing the quests, as it is one of them.
If you failed to KYC so when completing the quest, you can do it separately and verify with Blockpass here.
If you are not given any other specific code to join the whitelist, please use the code “INTEGRALSUBSTACK”
If you have any questions, please visit the Announcement channel in our Discord or email us at kyc@integral.link.
Lottery and Confirmation
Please bear in mind that completing these quests does not guarantee your seats. If the number of participants exceed the quota, we will launch a lottery to determine who will get into the whitelist. If you get a spot, you will receive a confirmation email from kyc@integral.link.
Auction Starts
Visit the site starting at 12:00 PM UTC September 14th, 2021. The Crowdpooling will finish at 12:00 PM UTC September 15th, 2021.
The official Crowdpooling website address will be announced closer to the date of the auction on Twitter and in our Discord community.
Once the Crowdpooling begins, bidders can enter the amount of funds they’d like to contribute to join the campaign.
At the end of the Crowdpooling, the smart contract will determine the settlement price by dividing the amount of funds with the number of tokens.
If the collected funds DO NOT exceed the cap (686840 USDC in this case), participants will be able to split these 700,000 ITGR based on their stakes (pro-rata). The leftover tokens will be put into the liquidity pool and become available for spot trading.
If the collected funds DO exceed the cap, then all participants will receive tokens proportional to their shares of the pool, at the initial offering price. Any difference between the amount participants staked and the actual cost of the tokens (i.e., token price * the number of tokens actually received) is then refunded back to participants.
More details about DODO Crowdpooling here and here.
FAQ
We have published the FAQ regarding this auction in the Announcement channel of our Discord. We highly recommend you to join it, as this is the place to get the most up-to-date information about Integral.
Disclaimer: Integral prohibits access from Crimea region of Ukraine, Cuba, Iran, North Korea, Syria, and US. For more information, please review Terms & Conditions. Investments are risky. Please read Risk Factor Exhibit before participating.
