How to join IDO on U2W DEFI

Surely you will wonder how to participate in the IDO of projects on U2W DEFI.

Don’t worry, U2W DEFI will clearly explain it.

Whether you are a newcomer or a regular at U2W DEFI, U2W DEFI always wants to bring to you the best service.

There is a set of rules to join the flights to IDO land. Remember to always buckle up during your flight, follow closely to the rules then all should be good.

Users need to own tickets in order to participate in IDO

Rules are as follow:

• Must fly with U2W DEFI to earn U2W tickets. Different flights grant you different flight credit. You can do it by:

  • Stake U2W

  • Stake U2W NFT

  • Farm

  • Swap

  • Referral

• You must own U2W tickets.

• 1 U2W Ticket is equal to 1 IDO slot. A project may require multiple tickets to enter. This is to be decided by U2W DEFI and Project’s team.

• U2W tickets represent different purchase values with different projects. Purchase values are to be determined by U2W DEFI and Partners (Projects' teams).

• Maximum use of tickets/user in participating IDO will be limited.

IDO Participation:

To participate, users select a project of choice, confirm their selection and the number of tickets used for the project. Tickets will be used instantly after users confirm their slots. Users can only buy the value equal or less than the number of tickets they put in.

Open Sale:

Parameters:

• X: Registered Tickets

• Y: Purchase Value/Ticket

• H: Hardcap

• T: Total Raised Fund

Maximum Buy Per User = X * Y

There are two circumstances:

Case 1: Fund raised equal or lower than Hardcap

• User's purchase value is equal to registered tickets

Case 2: Fund raised higher than Hardcap

• User's purchase value = Registered Value * (Hardcap/Fund Raised)

• Example:

  • Total Raised Fund = $1,200,000

  • Hardcap = $1,000,000

  • There are 2 investors, A with $800,000 and B with $400,000. With the total raised fund as indicated is over the initial hardcap of the project. We will have the following equation:

    • A's purchase value = 800,000*(1,000,000/1,200,000) = $666,667

    • B's purchase value = 400,000*(1,000,000/1,200,000) = $333,333

    • This will still ensure the total raised fund matches the hard cap of the project which is equal to $1,000,000.

IDO End:

Users can claim their tokens with either a monthly or linear vesting schedule. The vesting schedule is to be decided by U2W DEFI and partners.

Users will receive a refund if the Total fund raised is higher than the initial hard cap.