How To Participate in Stratum EAO First Come First Serve (FCFS) Purchase Period
The FCFS allocation model is a brand new feature we’ve introduced on Impossible Finance so users can gain easier access to new projects on our launchpad.
Hello Penguins,
We’re just a few days away from the start of Stratum Exchange’s First Come First Serve (FCFS) Purchase Period! As a brand new feature on the Impossible Launchpad, we wanted to provide a detailed guide on how the FCFS purchase works!
What exactly is FCFS?
The FCFS allocation model is a brand new feature we’ve introduced on Impossible Finance so users can gain easier access to new projects on our launchpad.
As the name suggests, the FCFS model is one where users do not need stake IDIA to get allocation for Stratum’s EAO during the FCFS period between 23 Jan to 25 Jan. Instead, users can purchase STRAT tokens immediately on the Impossible Launchpad.
The FCFS period will close on 25 Jan, or when the fixed cap allocation amounting to $15,000 has been fully purchased, whichever happens first.
Each user will have a $500 purchase limit per KYC-ed wallet, 1 STRAT = US$0.06 USDC
What you’ll need for the FCFS sale
In order to participate in the FCFS sale, you will need the following:
1. KYC-ed wallet on Impossible Finance
To participate in the sale, users must first have completed KYC on Impossible Finance before 23 Jan. This process can take a few days so be sure to complete the verification process early!
If users miss this KYC window, they can still KYC after 23 Jan and participate in the Stratum Sale by staking IDIA for STRAT allocation.
Check out our guide on how to KYC here.
2. Mantle (MNT) tokens for gas fees
Stratum Exchange is a protocol on Mantle Network. As such, users will need MNT tokens to pay for gas fees for performing transactions on the network. You can purchase MNT tokens on exchanges like Bybit or HTX.
Alternatively, you can also use a bridge to exchange your BNB from the Binance Smart Chain directly for MNT in the Mantle network using SquidRouter.
3. USDC on Mantle Network to purchase STRAT
Users will be able to purchase STRAT tokens using USDC on Mantle Network.
- Users bridging USDC from Ethereum can use the official Mantle Bridge.
- If users are not bridging from Ethereum, you can first bridge USDT to Mantle Network via StargateFinance, before swapping USDT to USDC on a DEX like Izumi.
- Alternatively, users can bridge USDC from Arbitrum to Mantle directly using StargateFinance or SquidRouter from any network.
What if I miss the FCFS sale?
If you are not able to purchase STRAT tokens during the FCFS period, fret not! You can still participate in the Stratum EAO by staking IDIA for STRAT allocation — this period will begin once the FCFS Purchase Period has ended.
Purchase Period: 31/01/2024 02:00 PM (UTC) to 02/02/2024 02:00 PM (UTC)
In order to participate in this round, users will still be required to complete KYC on Impossible and have IDIA on Mantle Network to stake in order to receive STRAT allocation.
Through StarGate Finance, users can now bridge their IDIA tokens to Mantle Network!
About Impossible Finance
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.
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Terms & Conditions:
- DISCLAIMERS, TERMS, and RISKS
- Impossible reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.
- Users need to complete their KYC and also be from an eligible jurisdiction to participate in this token sale.
