MojitoSwap will host our 4th IDO this month. MojitoSwap has successfully hosted IDOs for some projects, which have experienced impressive price surges post-IDOs. Some tokens were subsequently listed on KuCoin, with 17X at ATH.
The new project that we are going to bring to you is PlayZap, the skill-based competitive gaming platform focused on mainstream casual gamers, built on blockchain technology with a sustainable token economy and powered by NFTs.
Meanwhile, we have also prepared a 1,000 USDT giveaway for you. Click Here to view more.
Next, let’s take a more detailed look at the 4th IDO project- PlayZap.
Let’s find out.
What is PlayZap?
PlayZap Game is a skill-based competitive gaming platform focused on mainstream casual gamers, built on blockchain technology with a sustainable token economy and powered by NFTs. PlayZap is built on the principle of ‘ Free to Play. Skill to Earn ’ Our goal is to develop an infrastructure that can power online games that are both fun and engaging for our players. At the same time, we want to build a platform that generates revenue for game developers and content creators, while also rewarding the players for their skill & loyalty.
It is worth mentioning that PlayZap has received a strategic investment from KuCoin Labs and many other investors.
If you want to learn more about PlayZap, please visit
Official website Twitter Telegram Discord PZP’s Tokenomics
IDO Sale Details
An Explainer: What are the 2 different sale sessions?
Limited Sale ($150,000, 50% of Sale Allocation)
In the ‘Limited Sale’, users can contribute a MAXIMUM of $5,000 worth of MJT/USDT LP tokens. The number of tokens available in this format will typically represent around 50% of the total sale. Note that the final allocation you receive will still be subject to the total amount raised in this session, but the good news is you’re not battling any whales.
Unlimited Sale ($150,000, 50% of Sale Allocation)
As the name suggests, the “Unlimited Sale” has no limits on the amount each person can contribute. However, this comes at the cost of a participation fee. The number of tokens available in this format will typically account for 50% of the total sale.
About the ‘Oversold Overflow’ Method
In the ‘oversold overflow’ method, users can invest any amount of LP tokens in participating in Launchpad at their discretion. The number of tokens a user ends up earning depends on their share of the total amount invested in Launchpad. After the sale, users can claim the purchased tokens and get back the remaining funds (LP tokens) that have not been withheld.
In short, the more funds users invest, the more tokens they eventually buy. After the sale, users can receive LP tokens that have not been withheld.
About Token Unlocking
According to PlayZap’s plan and settings, the fundraising tokens will not be released in real-time.
Please refer to the following table for the specific token release schedule.
Notes:
According to the sales rules published on the PlayZap official website, The unlocking rules for PZP are as follows: 20 % TGE, cliff 1 month, later linear vesting over 6 months.
How To Participate in the IDO
Before Sale
- Set up your wallet on KCC and connect your wallet to MojitoSwap.
The tutorial on how to set wallet on KCC
The tutorial on how to connect your wallet to MojitoSwap - Prepare some assets, such as KCS, MJT, and USDT to participate in the IDO.
A： Purchase assets on KuCoin and withdraw them to your KCC address
B： Use xy. finance’s cross-chain flash swap to exchange other assets such as USDT, ETH, and BTC on other chains for USDT, KCS, or MJT on the KCC chain with just one click.
3. Set up your Profile and join a favorite team.View the tutorial right now
Note: This step cannot be skipped. Setting up your Profile and joining a team is required to get involved with the Launchpad.
4. You have two ways to acquire MJT/USDT LP.
A： Add MJT and USDT liquidity. Click here to see how to add liquidity
B： Buy LP tokens in one click on Rolling. https://app.mojitoswap.finance/rolling
During Sale
You can commit your MJT/USDT LP tokens to buy $PZP tokens on this page. https://app.mojitoswap.finance/ido
After Sale
1.Due to PlayZap’s settings, the tokens obtained by participating in the IDO on the MojitoSwap platform will be unlocked by 20% initially, and the remaining tokens will be linearly unlocked after one month cliff and can be collected once every 24 hours. If tokens are not collected in time, MojitoSwap will automatically accumulate them for you.
2.We will immediately return the LP assets of the over-raised part after the end of the limited sale so that users can participate in the unlimited sale.
3.If you decide to acquire MJT/USDT LP tokens before the IDO starts, you can stake them here to earn MJT token rewards while waiting for the sale.
Please note
- While you are holding MJT/USDT LP tokens, you will be at risk of Impermanent Loss.
- The final USD price per MJT/USDT LP token will be set a few minutes before the sale starts and will be broadcasted on the official channel.
Disclaimer
All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project, and please, make your investments very cautiously. MojitoSwap will not be held responsible for any investment losses.
MojitoSwap
DISCLAIMER: This is a community post written by MojitoSwap and published on https://news.kcc.io. Please note that all projects and dApp applications running on the KuCoin Community Chain (KCC) are independently developed by third-party developers. The KCC official team does not audit them. All opportunities and risks also exist at the same time. Therefore, you need to identify and prevent risks carefully.
