Launchpad FAQ

1. How do I participate in IKO (Initial KOMmunity Offering) / Launchpad?

  • First, you must have KOM tokens, you may buy KOM here

  • Secondly, visit staking.kommunitas.net and connect your wallet.

  • Stake your KOM in one of the staking pools (please note that this is a locked staking, but you will get to enjoy some juicy rewards, please refer to : https://docs.kommunitas.net/faqs/staking-faq

  • If you stake more than 3,000 KOM, you will receive 1 KOMV (KOM Voting) Token which will be used to vote for participation in Booster 1 of each Public Sale. (For Private Sale, you will need to stake at least 500,000 KOM)

  • Make sure that you stake and vote before the Last Staking and Voting Period ends (shown in the details of each upcoming project).

  • Connect your wallet in the Preparation period and prepare USDT (Polygon) (now we also accept USDT BSC) and some MATIC (or BNB) for the gas fee.

2. What are the steps of an IKO (Initial KOMmunity Offering) ?

There are 4 Rounds for each IKO (Initial KOMmunity Offering). Letโ€™s dive into each step for IKO at Kommunitas Launchpad.

  1. Before every sale is initialized, we will publish all the information about the project at launchpad.kommunitas.net. We are also trying to make a Research document for each project so that our users can read more details about the project. Don't forget that you can also participate in the Whitelist event that we organize, where we will share some spots for winners to buy allocations eventhough they don't have any KOM tokens! Apart from Whitelist event, normally we will also organize Airdrop giveaway as well as VSB Campaign where you can earn FREE and extra tokens! Visit https://launchpad.kommunitas.net for more information.

  2. If you like the project and you have your KOM token staked, the next thing you have to do is to cast your โ€œVoteโ€ before the Last Staking and Voting Period ends. It is not an actual vote but more like signing a Transaction with your decentralized wallet (like MetaMask).

    We have added this step based on the fact that not all KOM stakers would like to participate in all sales, hence decreasing the amount of allocation for other users who want to participate in the projects. So, starting from now on, we will only take into consideration the amount of KOM tokens staked by those wallets that have 1 KOMV Token and Voted โ€œI want to participate in the saleโ€. In extreme cases, if you are the only one who voted for that project, the whole allocation from the project will be offered to you in Booster 1! And in order to be eligible for Voting, you need at least 3,000 KOM for Public Sale and 500,000 KOM for Private Sale. With this Voting system, we will ensure the amount of allocation is only shared amongst those who are interested in the project.

  3. If you have more than 3,000 KOM staked but forgot to cast a โ€œVoteโ€ in the Public Sale, you will still be eligible to participate in FCFS Round, but only KOM Stakers (at least 100 KOM staked) which will only take place if there are unsold tokens from Booster 2.

  4. The left-over allocation (if any) from Booster 2 will then be allocated to the FCFS round. The FCFS round will have the same price per token as Booster 1 and 2, but there will be 3% (Three Percent) Non-Refundable Fee in the FCFS round.

  5. All Booster 1, Booster 2, and FCFS rounds will each have a 8-hour timeframe, starting from 9 AM UTC.

  6. If there are any unsold tokens from FCFS Round, they will then be allocated to a new round called the Community Round. The Community Round is a round for everyone, including those who do not stake any KOM tokens or missed the chance to stake KOM before the Last Staking/Voting Period to participate. The price per token will be the same, but the Non-Refundable Fee for Community Round is 5% (Five Percent). And instead of 4 hours, the Community Round will last until the 100% target has been reached or until 48 hours before the token's listing.

  7. For Private Sale, Booster 1: 500,000 KOM Stakers (Private Partners) who casted a vote before the Last Staking and Voting Period Ends (+ Whitelisted Addresses) [8 Hours], Booster 2: All Voters (Minus the Whitelisted Addresses) [8 Hours], FCFS Round: First Come First Serve with Min and Max Purchase only for KOM 500,000 Stakers before the Last Staking Period of each sale. The number of tokens available in this FCFS round is the unsold token from Booster 2. [8 Hours], Community Round: All people (even non-KOM holders) can participate in this round. [No Time Limit, until closed]

3. What projects can do IKO (Initial KOMmunity Offering) on Kommunitas?

We support any type of web3.0 projects (GameFi, DeFi, Protocol, Layer 2s, etc) from multiple chain like Polygon, BSC, Ethereum, Solana, Etc. But currencies that we accept at the moment for IKO are USDT (Polygon), USDT (BEP20) and USDT (Arbitrum).

The most important thing is the team must pass our Due Diligence and they may consider being featured as KOM Priority Projects (You can read more about this in the next section.)

4. What is Kommunitas Priority Projects?

Kommunitas Priority Project aims to bring high-quality projects that must satisfy several criteria. They include, but are not limited to, having locked liquidity in a 1:1 ratio according to their Initial Market Cap, and the price of the token not dropping below IKO price for 3 consecutive days before 50% of the tokens are vested.

We highly encourage you to read more about Kommunitas Priority Projects at : https://medium.com/@kommunitas/a5cb1960fd8e

5. What is the difference between Private Sale and Public Sale?

Private Sale is only for our Private Partners. To become our Private Partners, you need to stake at least 500,000 KOM and talk to @komelitebot at telegram. The more KOM token you staked, the more allocation you will get, because we will calculate the allocation in Private Sale using the same formula of IKO / Public Sale.

Private Partners will be able to participate in Private/Seed rounds which usually have lower token prices compared to public round but they usually have a longer vesting period.

Private Partners will also enjoy a 30% Revenue Sharing collected from FCFS and Community Round. Read more : https://medium.com/@kommunitas/new-quarterly-revenue-sharing-for-kom-private-partners-ca142632b578

6. Who can participate in FCFS Round of each sale?

For the IKO / Public Sale, only KOM Stakers (at least 100 KOM staked) can participate in the FCFS Round. Whereas for the Private sale, you can participate in the FCFS round if you have staked minimum 500,000 KOM.

So, to sum it all up :

Public Sale.

Booster 1: Stake 3,000 KOM Vote (+ Whitelisted Addresses) [8 Hours]

Booster 2: All Voters (Minus the Whitelisted Addresses) [8 Hours]

FCFS Round: First Come First Serve with Min and Max Purchase only for KOM Stakers (at least 100 KOM staked and no need to vote) before the Last Staking Period of each sale. The number of tokens available in this FCFS round is the unsold token from Booster 2. [8 Hours]

Community Round: All people (even non-KOM holders) can participate in this round. [No Time Limit]

Private Sale.

Booster 1: 500,000 KOM Stakers (Private Partners) who casted a vote before the Last Staking and Voting Period Ends (+ Whitelisted Addresses) [8 Hours]

Booster 2: All Voters (Minus the Whitelisted Addresses) [8 Hours]

FCFS Round: First Come First Serve with Min and Max Purchase only for KOM Stakers (at least 500,000 KOM staked) before the Last Staking Period of each sale. The number of tokens available in this FCFS round is the unsold token from Booster 2. [8 Hours]

Community Round: All people (KOM Stakers under 500,000 KOM even non-KOM holders) can participate in this round. [No Time Limit, until closed]

7. What is KOMV?

KOMV = KOM Voting

Utility : KOMV is used to Vote at IKO time to participate in Booster 1 & Booster 2

Why : The allocation calculation without KOMV is calculated equally for all KOM holders while not all holders always participate in each IKO, so that the allocation to participate is small, with KOMV the allocation of Voters/Holders who want to participate becomes more, because it is only calculated based on the voting holders

Future Plan : When KOM launches or become a DAO, KOMV token will act as 1 Voice or 1 Vote

8. How do I claim my Token from IKO?

  1. Go to launchpad.kommunitas.net

  2. Click on Vesting

  3. Scroll to the project card, please note on the โ€œPrivateโ€ or โ€œPublicโ€ status of the project. If you participate in both private and public round of a project, you will need to connect on each card.

  4. Connect your wallet

  5. Once the token is available on the Vesting Smart Contract and the Distribution / TGE time is scheduled, then you will see the button of Claiming Token.

  6. Click on the gas fee and make sure to always choose high gas fee to speed-up your transaction

  7. Donโ€™t forget to add the token contract in your wallet according to the network

You can watch the tutorial video here.

9. How do I keep track of all vesting?

  1. Make sure that you have followed our social media especially Telegram Announcement Channel

  2. You can also subscribe to our google calendar here. You can watch the tutorial video here

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