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IDO (Initial Dex Offering)

How to participate in Initial Dex Offerings (IDOs) on Elysium Network​

It is great that you have decided to join the revolution of Web3 gaming and other Web3 projects with Elysium!

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Before you begin, it would be beneficial for you to understand the entire process of joining IDOs (Initial Dex Offerings) at Elysium Launchpad.

For this reason, we have provided an updated comprehensive guide covering all the necessary details.

The Know Your Client (KYC) process​

First, we want to share that each Elysium Launchpad IDO participant needs to complete the KYC process with a third-party app called Block-pass to ensure compliance with all regulations.

Please remember that certain countries have particular cryptocurrency regulations that we must follow. Regrettably, citizens of countries that prohibit their participation in initial token offerings will also be unable to participate in Elysium Launchpad IDOs. We do this to ensure our service adheres to all applicable laws and regulations.

Initial offerings are legal in most parts of the world, so after you complete the identity verification, you are ready to participate in future IDOs according to your tier and PYR holdings!

Buying PYR​

If you don’t have any PYR, you can buy it from exchanges like Swap ,Kucoin or Binance. However, to participate in IDOs, the wallet you provide in the KYC process must be the same wallet you interact with our Launchpad smart contract. Therefore, if you buy tokens from a centralized exchange like Binance, you first need to transfer your tokens to a wallet like Metamask.

For best practices and security, a cold wallet (Ledger, Trezor, Safepal) connected to your Metamask is recommended to store your tokens and interact with the blockchain.

Elysium Launchpad has a tier system in which the more PYR you have, the larger the tokens you get from the Initial Dex Offerings.

Staking Your PYR For Tier​

You have to go to our staking page to stake your PYR for 7 days to get a tier.Each tier have its own required PYR amount to stake.Select your tier from 9 tiers button.Click on “Approve” and approve exact amount of PYR.After approval is complete Click on the “Stake” button to stake your PYR and get a tier.

Registering interest for the IDO​

  • The registration period opens 7 days before the IDO start date and closes 1 day before
  • You’ll have a 6-day window to register your interest.
  • You will be whitelisted for the sale only if you register interest and complete KYC verification and stake/farm PYR
  • tokens by the end of the sixth day.
  • To register in an IDO visit its specific page and click on “Participate” Button.
  • You will be registered in the IDO according to your tier.

On The IDO Day​

On the day of the IDO, PYR holders need to take a few simple steps to participate. You can find the necessary steps outlined here:

  1. Go to the IDO Launchpad page: launchpad.elysiumchain.tech

  2. Connect your wallet to the Elysium launchpad (Metamask or WalletConnect).

  3. Choose the pool of the project that will be “Initial Dex Offer.”

  4. Click on the “Approve button”, and then the “Buy Token” button will appear; after that, you can click the ** “Buy Token”** button on the opened page.

    (*When approving the transaction, make sure to enter the exact amount you want to buy. If you enter a smaller amount by mistake, the transaction will fail.)

  5. You have completed your IDO purchase.

  6. The tokens will be available to you at the moment of token listing you can claim via the claim platform on your profile: https://launchpad.elysiumchain.tech/profile

Claiming your tokens​

Claiming your tokens on Elysium Launchpad is simple.Goto your profile page scroll down to claimable IDOs and click on “Claim” button. You can also add the claimed tokens to your MetaMask wallet by clicking on “Add to MetaMask”.