IDO Rules

(COMING SOON!)

IDO Rules

Sonic Finance Launchpad Tier model for IDO eligible

Option 1: Stake SNC

Tier	Bronze	Silver	Gold	Platinum	Diamond
Staking	15,000	30,000	50,000	150,000	300,000
Pool Weight	15	35	60	190	390

Option 2: Stake SNC-BNB LP token or SNC-BUSD LP token

Key takeaways from the table:

• We specifically designed the tiers to benefit the entire SONIC FINANCE ecosystem.

• Every tier is guaranteed to have the opportunity to purchase tokens from the IDO pool

• As you advance in tiers, the number of tokens you can purchase will increase

• Large shareholders are incentivized to stake into the upper tiers yielding higher allocation opportunities and creating less price volatility for all holders.

Note:

1. We will snapshot randomly user Staking balance when it comes to the Staking Eligibility Deadline. (it's around 24-36 hours before The SONIC FINANC Eround opens). Users who stake more than 15k SNC can get guaranteed allocation.

2. SNC Holders will get more other benefits than IDO allocation according to their titles, such as exclusive NFT drops, SONIC FINANCE airdrops, etc. more details can check here!​
3. Example for allocation calculation:

   • We will calculate the allocation per user based on the current IDO tier model on SONIC FINANCE. SONIC FINANCE IDO Tier model: Example: Supposing we sell 1 million tokens in the IDO, after token sale ends: If the actual number of commit BUSD wallets is lower than the number of whitelisted wallets:

     For example: Among the wallets that committed BUSD, there are 300 Bronze Members, 40 Silver Members, 10 Gold Members, 5 Platinum Members, and 4 Diamond Members.

     The combined weight of all the qualifying buyers in this example is (300*15) + (40*35) + (10*60) + (5*190) + (4*390) = 9010;⇔ 4500 + 1400 + 600 + 950 + 1560 = 9010 The amount of tokens allocated to each weight is 1,000,000 / 9010 = 110.98 token

     • Each user in Bronze will get : 110.98*15= 1664,7 token

     • Each user in Silver will get: 110.98*35 = 3884,3 token

     • Each user in Gold will get: 110.98*60=6658,8 token

     • Each user in Platinum will get: 110.98*190=21086,2 token

     • Each user in Diamond will get: 110.98*390 = 43,282 token

4. For each round, there is a fixed allocation for each Tier user. Sonic Finance Genesis NFT holders can have a higher chance to access the priority queue according to the rarity of their NFT cards, and more details about SNC NFT will be announced soon.