IDAP, a new crypto derivatives exchange, today announced the dates for its upcoming public token sale. Beginning with Phase 1 on February 15th, 2019, the project is going to sell 50 million IDAP tokens in this round.
The aim is to deliver the main exchange as soon as possible, the testnet went live to the public just a few days ago. Considering the current level of development, IDAP plans to launch the base version of the main exchange in April.
At more than 120k whitelist registrations, the IDAP is expecting the first phase of the public crowdsale to proceed speedily.
The following benefits will be extended to Phase 1 participants:
- BTC, ETH, LTC, and WAN will be accepted at a premium pegged price. The price for ether will be set at 1 ETH to USD $225 for the duration of Phase 1. Others will be pegged at a similar ratio. In case the market changes significantly, IDAP will adjust the premium on the peg.
- Contributors will also enjoy a 20% bonus on their purchase of IDAP tokens. This bonus will be exclusive to Phase 1. The minimum accepted will be 0.1 ETH (or an equivalent amount in BTC, LTC or WAN). Phase 1 will be live until February 28th, 2019 or until 50 million tokens are sold, whichever is earlier. After this round closes, subsequent phases of the public sale alongside their relevant details will follow.
“We have stayed focused on the platform development for quite some time, as we feel that it is our primary responsibility to deliver the product we have promised. The community welcomed our decision to conduct a crowdsale only after we launched the testnet, a testament of our commitment towards the project goals. Before pre-sale, our desktop app demo was ready. Similarly, now that we have launched the testnet, we are proceeding with the first phase of crowdsale. Our investors can visit testnet.idap.io, try out the platform for themselves and then invest in the project with assurance and with confidence. Few projects and even fewer exchange ICOs can claim that they had a testnet ready before their public sale.”