OpenPad IDO Rules
Enhancing Investment Security and Community Experience with OpenPad AI's Innovative IDO Rule System
In the ever-evolving world of decentralized finance, OpenPad AI is committed to setting new standards for security and community benefits. We are excited to introduce our IDO Rule System, a groundbreaking framework designed to not only safeguard your investments but also enhance the overall experience for our community.
Our IDO Rule System comprises two distinct rules, each meticulously crafted to cater to different aspects of your investment journey:
Shielded IDO Rule: Your Safety Net in the World of IDOs
Riskless IDO Rule: Pioneering Risk Management for Your Peace of Mind
I. Shielded IDO Rule
For projects embracing OpenPad AI’s Shielded IDO Rules, we uphold a distinct set of prerequisites, meticulously tailored to instill user confidence in the process of claiming tokens and offering unwavering support to their chosen projects.
⚡️ Fund Distribution Protocol
Openpad AI Launchpad will release funds in segments aligned with the project’s vesting schedule. The initial allocation occurs within 48 hours after the token listing. Subsequent releases adhere to the project’s IDO token vesting program. This approach safeguards capital for potential refunds in case of project mismanagement, offering added security against risks.
As an example: Let’s suppose a project raises $200,000 in an IDO on Openpad AI with an initial distribution of 25% at TGE, followed by a linear vesting schedule over 3 months, with 25% token distribution each month. Openpad AI will initiate a transfer of $55,000 within 48 hours after the TGE, with subsequent transfers synchronized with the project’s 2nd, 3rd, and 4th vesting periods.
⚡️ Price Integrity Requirement
To qualify for fund withdrawal during the token listing event, the project must maintain the token price at least 25% above the IDO price. If the token price drops below the IDO price for a continuous 24-hour period, Openpad AI will use IDO funds to provide full refunds to the community.
In the 2nd vesting period, funds will be released only when the token price surpasses the IDO price. If the price falls below the IDO price for a continuous 48-hour period starting from the 2nd vesting period, Openpad AI will refund the community an amount equivalent to the tokens distributed in this vesting, matching the 2nd fund batch (25%).
These requirements are consistent for all subsequent token vesting events, regardless of market conditions, ensuring a fair and secure environment for our community.
⚡️ Refund Mechanism
The refund mechanism applies to all project tiers when the Price Integrity Requirement is not met. Notably, “Diamond” users have the privilege of activating this mechanism within 12 hours after the TGE, irrespective of the situation.
II. Riskless IDO Rule
Under the umbrella of Openpad AI’s Riskless Rule, we provide a specialized Refund mechanism for every participant engaging in the IDO via our Launchpad platform.
At the Token Generation Event (TGE) of the IDO project, users are presented with two distinct choices:
⚡️ Claim:
Opt to receive the token allocation following the vesting schedule.
⚡️ Refund:
Elect to receive a full refund for the committed funds (This option is available for the initial 2 hours commencing from the TGE)
The Refund mechanism is universally accessible across all IDO Pools, encompassing Public Round & Community Round.
Of particular note, “Diamond” users possess the authority to initiate the refund process at any time within the first 12 hours following the TGE.
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