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.
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.
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.
Staking Period: 25/01/2024 10:00 AM (UTC) to 31/01/2024 10:00 AM (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.
At Impossible Finance, we believe that accessibility, security, project quality and a strong community are the makings of a stellar launchpad. The absence of any of these characteristics is detrimental to them achieving long-term success.