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IDO (Pre-Launch Sale)
Launch Date: 13:00 UTC 17th July, 2023
End Date: 13:00 UTC 24th July, 2023
IDO Supply: 5 Mn META Tokens (5% of total supply)
Meta will follow a linear price discovery mechanism in which floor price is kept at 0.0001 ETH / META. At the price of $1800 / ETH (at the time of writing), IDO floor price is $0.18 / META token. If the subscription amount is more than 500 ETH, then the floor price will be calculated as
Price = Funds Raised / 5,000,000
Comparable Tokens (not financial advice; do you own research)
Minimum Buy: 0.1 ETH / WETH
Maximum Buy: 100 ETH / WETH (can be bought in tranches, up to total amount of 100 ETH / WETH)
IDO Fund Allocation:
- 20% of collected fund in IDO will be used to provide META/ETH LP.
- 40% of collected fund in IDO will be used to mint mUSD.
- 20% of collected fund in IDO will be used to provide mUSD/2Pool LP.
- 20% of collected fund in IDO will be used for marketing and operational expenses.
What Token I will get as part of IDO?
esMETA tokens. Each esMETA is convertible to META in 1:1 ratio.
How Many esMETA Tokens I will get from IDO?
esMeta Tokens = Subscription Amount (in ETH or WETH) / Price
When can I claim IDO Tokens?
IDO participants can claim their tokens anytime after IDO completion. esMETA tokens can be vested to META in 1:1 ratio as per the vesting schedule.
When will Meta Finance dApp be Launched?
DApp will be launched on or before 24th July, 2023.