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Launchpad FAQ
1. How do I participate in IKO (Initial KOMmunity Offering) / Launchpad?
- Stake your KOM in one of the 30/60/90 day 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 USDC (Polygon) and some MATIC for the gas fee.
2. What are the steps of an IKO (Initial KOMmunity Offering) ?
We have added 1 additional round in the IKO / Public Sale. Previously it was only Booster 1, Booster 2, and FCFS round, now there will be a Community Round. Let’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.
- 2.If you like the project and you have your KOM token staked, the next thing you have to do is to “Vote” 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 “I want to participate in the sale”. 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 “Vote” in the Public Sale, you will still be eligible to participate in Booster 2, which will only take place if there are unsold tokens from Booster 1.
- 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 5% (Five Percent) Non-Refundable Fee in the FCFS round.
- 5.All Booster 1, Booster 2, and FCFS rounds will each have a 4-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 10% (Ten 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, there will be only 2 rounds; Booster 1, which is only for those who staked more than 500,000 KOM and casted a vote before the Last Staking and Voting Period ends. And FCFS round, with a 5% Non-Refundable Fee and all stakers with at least 500,000 KOM staked can participate (even if they did not vote)
3. What projects can do IKO (Initial KOMmunity Offering) on Kommunitas?
We support multiple chain projects like Polygon, BSC, Ethereum, Solana, Etc. But the only currency that we accept at the moment for IKO is USDC (Polygon).
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.
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 more than 500,000 KOM.
So, to sum it all up :
IKO / Public Sale.
Booster 1: 3,000 KOM stakers / 1 KOMV Owner and Voters (+ Whitelisted Addresses)
Booster 2: All KOM Stakers who staked before last staking period.
FCFS Round: First Come First Serve with Min and Max Purchase only for KOM 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.
Community Round: All people (even non-KOM holders) can participate in this round
Private Sale.
Booster 1: 500,000 KOM Stakers and Voters before the Last Staking and Voting Period Ends
FCFS Round: First Come First Serve with Min and Max Purchase only for users who stake at least 500,000 KOM before the Last Staking Period of each sale.
7. 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 “Private” or “Public” 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.Don’t forget to add the token contract in your wallet according to the network
8. How do I claim Solana Project Token?
Only for Mobile Phone user.
Solflare for Android does not support dApps. So you have to find mobile browser that support chrome extension. In this case, we will be using Kiwi Browser.
- 1.Install KIWI browser on your mobile phone https://play.google.com/store/apps/details?id=com.kiwibrowser.browser
- 2.Open Kiwi Browser and go to Chrome Extension Store. You can install Solfare or Phantom. Use only one.
After installed, see the 3 dots on top right on Kiwi Browser. Scroll down and see the wallet over there. Open it, and setup your seed phrase.
9. How do I keep track of all vesting?
- 1.
Last modified 11d ago
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Contents
1. How do I participate in IKO (Initial KOMmunity Offering) / Launchpad?
2. What are the steps of an IKO (Initial KOMmunity Offering) ?
3. What projects can do IKO (Initial KOMmunity Offering) on Kommunitas?
4. What is Kommunitas Priority Projects?
5. What is the difference between Private Sale and Public Sale?
6. Who can participate in FCFS Round of each sale?
IKO / Public Sale.
Private Sale.
7. How do I claim my Token from IKO?
8. How do I claim Solana Project Token?
9. How do I keep track of all vesting?