Stratum Exchange is a native liquidity layer built as a public good to drive TVL and user acquisition to the Mantle ecosystem. Drawing inspiration from Solidly and Velodrome, Stratum employs the 'vote escrow' NFT (veNFT) model to enable projects on Mantle to derive sustainable liquidity for their tokens, making it easy and cost-effective for users to engage in transactions seamlessly.
The upcoming Early Adopter Offering (EAO) is made possible through our collaboration with Ouroboros Capital, a multi-faceted crypto fund with fund management, advisory and research as the 3 key verticals. By extending the invitation to Ouroboros' community, we aim to broaden participation in this EAO, creating additional opportunities for all and increasing Selected Deal Access and Investment Opportunities for our community.
You can learn more about Stratum Exchange by checking out their documentation. More details, insights, and whitelist activities will be shared over the next few weeks across both Impossible and Stratum Exchange channels.
In the Early Adopter Offering (EAO), investors have the opportunity to access innovative projects earlier at lower valuations. This supports project teams by having early backers kickstart their momentum.
The EAO provides users with the chance to accumulate tokens with deferred distributions, while also backing projects that are progressively working towards a future launch in favorable market conditions.
Stratum Exchange Early Adopter Offering Token Sale
This particular sale will feature two sales split between Round 1 and Round 2, with the inclusion of a First Come, First Served (FCFS) Purchase Period, adding a dynamic element to the experience.
How does it work?
During Round 1 of the Stratum Early Adoption Sale, you can stake and participate within a 1-week long period, recreating the familiar experience of our previous IDOs on BSC.
While for Round 2 of the Stratum Early Adoption Sale, the mechanism will also be similar to the previous IDOs' process with the new addition of FCFS Purchase Period and the integration with Mantle Network!
Introducing FCFS Purchase Period (during Round 2 of Stratum EAO Token Sale)
Prior to the Staking Period and Purchase Period in Round 2 of Stratum Sale, you can purchase STRAT tokens on a first come first serve basis without needing to stake IDIA tokens. This means you can participate in this sale and purchase up to a fixed cap allocation of STRAT during the FCFS period with the conditions of the allocation amount for this specific sale. Do note that the sale will end as soon as the FCFS allocation amount has been fully purchased.
The FCFS model not only lowers the barrier to entry for new users, driving user acquisition and raising more capital for IDO/EAO launches, but also actively targets new users in the expansive crypto ecosystem. To further strengthen this model, new KYC options such as Synaps, BAB Token, and Authento have been introduced to provide additional onboarding pathways for users.
It's important to note that the FCFS model will not replace the current stake-weight allocation model for existing IDIA holders. Instead, it will be used on a case-by-case basis as an alternative, helping to enhance token launch performance and assess public interest in future IDOs/EAOs.
EAO Round 1 of Subscription Timeline:
KYC Preparation Period
Rolling ongoing basis
14/12/2023 10:00 AM (UTC) to 19/12/2023 10:00 AM (UTC)
19/12/2023 02:00 PM (UTC) to 21/12/2023 02:00 PM (UTC)
08/02/2024 2:00 PM UTC
Timing and details to be confirmed by Stratum closer to the time. Users will get airdropped their initial 50% tokens and then claim the rest on Stratum's vesting contracts on Mantle.
Residents from countries or regions such as the US, Mainland China, and UN-sanctioned countries are excluded from participating.
Launchpad Staking Pools (Sale cards)
Sale Card for Round 2
IDIA Standard Sale
IDIA Unlimited Sale
Whitelist Allocation Sales
Launchpad Staking Pools (Sale cards)
For Stratum Exchange STRAT EAO, we will be having various sale cards to cater to different users:
IDIA Standard Sale: Stake limit - Users can stake a maximum of 25,000 IDIA tokens at any one time as consideration for allocation. The maximum STRAT a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
IDIA Unlimited Sale: No stake limit - Users can stake any amount of IDIA at any time as consideration for allocation. The maximum STRAT a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
vIDIA Unlimited Sale: No stake limit - Users can stake any amount of vIDIA at any time as consideration for allocation. The maximum STRAT a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
FCFS Sale: Users can purchase STRAT on a first come first serve basis without needing to stake IDIA tokens. Prior to the Staking Period and Purchase Period in Round 2 of Stratum Sale, users can participate in this sale and purchase up to a fixed cap allocation of STRAT during the FCFS period with the conditions of the allocation amount for this specific sale. Finalized terms will be shared on a case by case basis. Do note that the sale will end as soon as the FCFS allocation amount has been fully purchased.
Whitelist Allocation Sales: Users can participate in our upcoming whitelist marketing campaigns and complete community-oriented tasks to stand a chance of winning guaranteed STRAT allocation. This sale card will show up only during the purchase period, so there's no need to stake: whatever value you see on the card, you are whitelisted to purchase it. Stay tuned to the Impossible Finance social media channels and for more details!
Get more allocation with vIDIA Tokens! Standing for vested IDIA, vIDIA is an extension of Impossible Finance's launchpad token, IDIA. To favour vIDIA hodlers, proportion allocated to the vIDIA sale pools have been adjusted. By staking vIDIA unlimited & standard pools, you can potentially earn a greater allocation per IDIA, compared to staking in the standard IDIA pool.
Increase available token types for staking
Improve stability of IDIA before, during & after IDO/EAO staking periods
Ensure fairness and equality for all Impossible users
How to get vIDIA You can get vIDIA by vesting your regular IDIA tokens into vIDIA tokens. Your IDIA will be converted on a 1:1 ratio to vIDIA. You can convert back your vIDIA to IDIA after a waiting period of two weeks without any cost. To obtain your vIDIA tokens, visit here.
The token sale for STRAT will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA and vIDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA and vIDIA balances recorded at the start of the staking period.
In Round 2 of the sale, we will reduce the vIDIA unstake penalty to zero to allow all users to be able to use IDIA, and be ready to bridge IDIA to other chains in the future.
This design is currently selected to ensure that all users can have a proportionate access into the STRAT token depending on which pool they enter. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
KYC Preparation Period: Rolling ongoing basis. Users are required to hold at least 25 IF or 15 IDIA to start KYC. Users can KYC anytime during the entire EAO timeline, but will not be able to stake until their KYC is completed. To maximize the staking utility of users' IDIA, users have to pass KYC before the staking period begins. In other words:
If users pass KYC after the end of the staking period, they will miss the opportunity to participate.
If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period.
For more details about how to verify your wallet and pass KYC, follow our guide here!
Innovation Zone Project This is a high-risk project. Users are reminded to DYOR. For reference, please refer to Risks Terms in the end section.
About Stratum Exchange
Stratum Exchange is a native liquidity hub built as a public good to drive TVL and user acquisition to the Mantle ecosystem. Stratum has taken the model and built incremental innovations in order to deliver a sustainable and secure DEX for users that will drive largescale adoption of Mantle Network.
Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high quality crypto opportunities.
Impossible's research analysts dive into Stratum Exchange — The up and coming Decentralized Exchange (DEX) on Ethereum Layer 2 Mantle that carefully architecting every aspect of the protocol and integrating ideas and learnings from across the crypto space in order to perfect the DEX model and our 1st EAO! Find out