Red Kite IDO mechanism and Whitelist for Faraland IDO
Same schedule for both IDO and Hero pools
- Whitelist Opening: 01:00 p.m UTC, Saturday, June 5, 2021
- Whitelist Closing: 11:00 p.m UTC, Thursday, June 10, 2021
- Winner announcement: Friday, June 11, 2021
- Start buying time: 10:00 a.m UTC, Saturday, June 12, 2021
- End buying time: 01:00 p.m UTC, Saturday, June 12, 2021
- Claiming time: 02:00 p.m UTC, Saturday, June 12, 2021
📎 Pool Details
- Token type: BEP20
- Price per token: $0.18 per $FARA
- Accepted currency: BUSD
- Restricted countries: United States of America, China, Hong Kong, and all sanctioned OFAC countries (DR Congo, Iran, Myanmar, Sudan, Iraq, Ivory Coast, North Korea, Syria, Zimbabwe, Cuba, Belarus, Liberia)
- Token allocation:
📌 (*) The multiplier coefficient is only used to calculate token allocation, not used to determine tier.
👉 Example for IDO pool
There are 3 buyers in the pool, including 1 Hawk who stakes 5,000 PKF, 1 Eagle who stakes 20k PKF, and 1 Phoenix who stakes 60k PKF.
- The total number of staked PKF = 5,000*1 + 20,000*1.05 + 60,000*1.1 = 92,000 PKF
- The Hawk’s allocation = (5,000/92,000)*90,000 = $4,891.30
- The Eagle’s allocation = ((20,000*1.05)/92,000)*90,000 = $20,543.48
- The Phoenix’s allocation = ((60,000*1.1)/92,000)*90,000 = $64,565.22
The more you stake, the more $FARA you can buy.
👉 Example for Hero pool
- A person who owns 2-3 Faraland Hero NFTs will get 1 ticket.
- A person who owns 4 Faraland Hero NFTs will get 2 tickets.
- A person who owns 5 Faraland Hero NFTs will also get 2 tickets.
📌 $FARA is a BEP20 token, so you must use the BSC wallet and pay in BUSD.
📖 How to join Faraland IDO and Hero pool on Red Kite?
To be eligible for Faraland public offerings on Red Kite, please complete the following steps:
Step 1: Follow Faraland’s and PolkaFoundry’s social channels below:
- Follow Twitter accounts: @faraland_io and @PolkaFoundry,
- Join community groups: @faraland_official and @PolkaFoundry,
- Subscribe to announcement channels: @faraland_ann and @PolkaFoundryANN.
- Like and retweet the IDO’s announcement tweet at https://twitter.com/PolkaFoundry/status/1401162456110489606.
📌 Users who belong to Eagle and Phoenix tiers will not be required to do the above steps when joining the IDO pool. However, we recommend following Twitter and Telegram groups to stay up-to-date with important announcements.
Step 2: Register an account on the Red Kite website
Please follow the guideline HERE.
Step 3: Complete the Red Kite’s KYC on Blockpass HERE
The email used for your Blockpass KYC MUST BE the one you verified on Red Kite Launchpad.
Step 4A: For those who want to join the IDO pool:
- Staking PKF or PKF/ETH LP to claim your tier, then
- Join the Faraland IDO Pool.
📌 From these sales, we are no longer count the PKF staking on MANTRA DAO. If you have PKFs staked there, please unstake then re-stake them into Red Kite Launchpad.
Step 4B: For those who want to join the Hero pool:
- Join the Faraland Hero Pool on Red Kite,
- Have at least 02 Faraland Hero NFTs in the wallet linked to Red Kite when joining this pool before 2:00 PM UTC Friday, June 11, 2021 (NFT snapshot time).
📌 NOTE: There are two ways to have Faraland Hero NFTs in your wallet:
1️⃣ Option 1: Buy Faraland Hero NFT on Faraland’s website at https://faraland.io/ with the wallet you linked to Red Kite.
2️⃣ Option 2: Transfer Faraland Hero NFT to the wallet you linked to Red Kite by following the steps below:
- Access https://bscscan.com/address/0xa7a9a8156C24C4B0ca910c3bA842D1F1ac7200ef#writeContract
- Connect your Metamask
- Search for transferFrom function
- Fill from (address) with your Metamask address
- Fill to (address) with your Safepal address
- Fill tokenId with Hero ID you wish to transfer
- Hit the Write button and confirm the tx on your Metamask
Step 5: Fill in the Faraland Whitelist Registration forms
Each pool will have a different Whitelist Registration form. It only appears for those who passed the KYC process and follow all requirements above.
Faraland is an innovation project combining NFT technology and gaming experience. Faraland is exquisitely digital collectibles created using blockchain technology, all NFT in Faraland can be integrated into Faraland games later, which will help them increase the value. NFT is the soul of this project. Each Hero NFT of Faraland is unique and is indistinguishable from other NFT. Each collectible is matchless, genuine, and varies in rarity. Faraland Universe has many different races like human, orc, angel, demon, Dragonborn, elf, and fairy, which are waiting for the user to discover.
Faraland is different compared to other NFT projects where NFT is just used for collection and no more. With many exciting gaming activities, Faraland’s users can use their NFT heroes in many unique ways, from equipping them with powerful weapons or shining armors to having them engage in various thrilling battles. It’s a solid and exciting game with a fundamental and engaging storyline. We also focus on the “play to earn” mechanism, which makes Faraland far beyond the regular game. You can reinvest in the game, make your hero stronger, or cash out for money. It depends on your choice. Our vision is to make Faraland become a “dream job” by bringing a stable income to the players around the world.
Visit https://faraland.io/ for more details.
About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as part of the growing $PKF ecosystem. We focus on solving two major problems of early-stage projects: limited marketing and lack of investors due to fraud concerns. Projects on Red Kite are carefully hand-picked through a vetting process that considers everything from the project teams’ origin to legitimacy and execution capability. These projects are also supported by a network of our tier-1 marketing partners, top influencers, and interactive communities to help them soar.