Injective broke its ATH, making 40x for the year, and is now in the spotlight, so the first launchpad on Injective should show a good result.
On December 18, Moon App announced the launch of a launchpad. And the first project on IDO will be the launch of its own APP token.
IDO Details
- Token: APP
- FDV $20.1 million
- $2 million allocated for IDO
- Token price for IDO: $0.0067
- Vesting: 10% on TGE, Cliff 3 month, then a linear distribution of 4.5% every month.
There is currently no information on the number of participants, the size of the allocation, the closing date of registration and the date of the sale.
Listing is planned in January:
Token distribution
20% of tokens are allocated for sales and airdrops. To qualify for the airdrop, download the app and earn points by completing daily tasks. The more points, the larger the airdrop.
More details:
https://www.moonapp.io/moon-drop (you can get a 25USD credit when registering with the username as a referral: funkydiscolo)
The APP token will be used for the following:
- Buyback. APP token holders can vote on the use of application fees to buy back APP tokens .
- Burning. Voting to burn APP tokens using application fees.
- Staking Income. Holders can vote on the distribution of APP tokens as staking income.
- Staking Income. Holders can vote on the distribution of APP tokens as staking income.
- Staking Income. Holders can vote on the distribution of APP tokens as staking income.
- Staking Income. Holders can vote on the distribution of APP tokens as staking income.
- Jackpot for APP holders. APP tokens allow you to participate in the lottery, which is held every 20 hours.
The project is legit, Injective is subscribed to Moon App Twitter and a repost was made about IDO:
Team
Brian Botto is responsible for the product direction. Before that, he worked at Kraken and MoonPay, setting standards for customer interaction with platforms.
A certain Kimberly is responsible for marketing. Judging by the description on the site, she was previously a key figure in the Binance marketing department in Singapore. No other information was found on the network about her. Google it.
Chris Lee is responsible for the development. Previously, he was the head of DAO Maker in Korea, where he organized successful IDOs over the past 3 years.
In general, the company has assembled quite well, with ambitions.
Instructions
Go to site and register an account:
Connect the Injective wallet:
If you don't have it, then install KEPLR https://www.keplr.app/
Next, we go through KYC through Blockpass
Many people have problems at the KYC stage. . If you have any questions, please contact their official telegram group https://t.me/MoonAppChat.
APP Sales
The team responded that the sale will be in the format first come first serve among randomly selected registered participants:
Let's estimate how much you can earn, but first make a few assumptions.
- Let there be 50 thousand registered participants in the sale. We think that there will be fewer participants here than on Coinlist sales, because farms with KYC have been done there for years. Nevertheless, we expect that multi-accounters will catch up and there should clearly be more than 10 thousand applicants here.
- Let the number of participants admitted to the sale will be 25 thousand. Although this figure may be completely different.
- Let’s estimate the project at the exit at $300 million. This is a conservative estimate, that is, 15x of the sale price. So. , for example, Raydium on Solana is now worth $600+ million, and Impossible Finance at its highs was worth $1 billion.
Moon App may soon cost more than $300 million, since the circulation will be small. But let's not raise expectations just yet.
Let's consider a possible option for launching a launchpad.
The FCFS format implies that there will be a limited number of winners and fixed allocations.
Let's assume that there will be 10 thousand winners with an allocation of $200 (total $2 million).
As a result, with 25 thousand admitted participants, the penetration rate will be 40%. And at 15x – $200 will turn into $3000.
Also, do not forget that only 10% of the allocation will be available on TGE, that is, +/- is immediately returned and the investment is returned, the rest is blocked for a long period (23 months, taking into account the three-month cliff after the first distribution).
Of the minuses, we note that the sale can be parsed by scripts.
Output
- It’s definitely worth participating, the likelihood of losses is not high.
- Injective grew almost 40 times in a year ($1 –> $42) and everyone knew about the project.
- Since this is the first IDO on the site, it will be important for them to spread the hype and show a good ROI.
