The Impossible Finance IDO 19 — Cruize Finance Token Sale

Kim Impossible

Dearest Penguins, we are excited to announce our 19th IDO is with Cruize Finance!

In the ever-evolving world of cryptocurrencies, volatility-protected yield opportunities have emerged as a crucial aspect, offering investors a pathway to safer and more predictable returns. That is why we are excited to announce that our “DeFi x Exotic Options” project is Cruize Finance!

What is Cruize Finance

The protocol tackles the above statement by providing volatility-protected yield opportunities on crypto. Cruize Finance is equipped with vaults for users to stake their capital and generate safer yields through exotic option strategies in pre-packaged instruments called structured products.

Structured products are pre-packaged investments that normally include assets linked to interest plus one or more derivatives. They are generally tied to an index or basket of securities and are designed to facilitate highly customized risk-return objectives. This is accomplished by taking a traditional security such as a bond and combining it with non-traditional payoffs derived from the performance of one or more underlying assets.

The CRUIZE token provides enhanced value integral to the Cruize ecosystem. Users who stake CRUIZE can enjoy exclusive benefits:

  • Revenue share from protocol earnings
  • Boosted yields on deposits
  • Access to exclusive vaults
  • Governance rights

You can learn more about Cruize Finance by checking out their whitepaper. More details, insights and whitelist activities will be shared over the next few weeks across both Impossible and Cruize Finance channels.

Subscription Timeline:

Subscription Period

Date & Time

KYC Preparation Period

Rolling ongoing basis

Staking Period

22/06/2023 10:00 AM (UTC) to 07/07/2023 04:00 AM (UTC)

Purchase Period

07/07/2023 08:00 AM (UTC) to 10/07/2023 02:00 PM (UTC)

Claiming Period


- Exact timing and details to be confirmed by Cruize Finance closer to the time.

- Tokens will be automatically airdropped via Arbitrum Network into the same wallet address.

Cruize Finance Token Sale Details:



Token Ticker: 


Public Sale Hard Cap for Impossible: 

US$500,000 (split into multiple pools)*

Public Sale Token Price: 

1  CRUIZE = US$0.111 USDT

Buy-back Protection Program:

- 70% protection, 4 months after TGE

Public Sale Valuation


Total Token Supply (TTS):

100,000,000 CRUIZE 

TTS Allocated to Impossible:


Token Vesting:

- 25% of tokens unlocked at TGE

- 25% vested every month for the next 3 months after TGE

Distribution Schedule:

Airdrop 1(25%): 18/07/2023 5:00 PM UTC

Airdrop 2(25%): 18/08/2023 5:00 PM UTC

Airdrop 3(25%): 18/09/2023 5:00 PM UTC

Airdrop 4(25%): 18/10/2023 5:00 PM UTC

Day 1 Circulating Market Cap:

~5,750,000 CRUIZE

Token Sale Format: 

Staking Subscription

Available Network: 

Arbitrum and BSC


DeFi, Derivatives & Options

Supported Staking Tracks: 


Learn more about Cruize Finance

Medium and Whitepaper

KYC requirements: 

Residents from countries or regions such as the US, Mainland China, and UN-sanctioned countries are excluded from participating. 

Buy-back Protection Program

Cruize Finance has pledged to Buy-back CRUIZE tokens in the event token price falls beyond a certain threshold. More details to be released soon.

Buyback Period

4 months after full token unlock (i.e. 3 months after TGE)

Buy-back Price


Downside protection


Evaluation Period*

11/10/2023 - 18/10/2023

Buy-back Period (Opened**) 

18/10/2023 - 25/10/2023

*Evaluation Period: The time which Impossible will determine if the token price has dropped below the downside protection price.

**Opened: The time in which the buy-back will be available if Impossible decides to open up the program during the Evaluation Period

Launchpad Pools (Sale cards)

Sale Card

CRUIZE Allocation

IDIA Standard Sale on Arbitrum


IDIA Unlimited Sale on Arbitrum


IDIA Standard Sale on BSC


vIDIA Standard Sale on BSC


vIDIA Unlimited Sale on BSC


Whitelist Allocation Sales


For Cruize Finance CRUIZE IDO, we will be having 6 sale cards to cater to different users:

  • IDIA Standard Sale: Stake limit (BSC & Arbitrum) - Users can stake a maximum of 25,000 IDIA tokens at any one time as consideration for allocation. The maximum CRUIZE a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
  • vIDIA Standard Sale: Stake limit (BSC) — Users can stake a maximum of 50,000 vIDIA tokens at any one time as consideration for allocation. The maximum CRUIZE 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 (BSC) — Users can stake any amount of vIDIA at any time as consideration for allocation. The maximum CRUIZE a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
  • Whitelist Allocation Sales: Users can participate in our upcoming whitelist marketing campaigns and complete community-oriented tasks to stand a chance and win guaranteed CRUIZE allocation. Stay tuned to the Impossible Finance social media channels and for more details!

How to purchase IDIA Tokens

If users do not have IDIA tokens yet for the CRUIZE IDO, you can purchase it via the following venues:

  1. Optimal route: Arken Finance
  2. Arbitrum: Chronos
  3. BSC: Thena Finance

Why vIDIA?

  • Increase available token types for staking
  • Earn Rewards
  • Improve stability of IDIA before, during & after IDO 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. To obtain your vIDIA tokens, visit here.

Helpful Guides

New to Impossible Finance? Check out some of our guides to get started! 

Token Allocation Calculation

  • The token sale for CRUIZE will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA balances recorded at the start of the stake period.
  • This design is currently selected to ensure that all users can have a proportionate access into the CRUIZE token depending on which pool they enter into. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.

KYC Details

  • KYC Preparation Period: Rolling ongoing basis. We require 50 IDIA or 25 IF tokens to start KYC to prevent bots from spamming our KYC partner. Users can KYC anytime during the entire IDO 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!

About Cruize Finance

Cruize Finance provides volatility-protected yield opportunities on crypto. The protocol provides vaults for users to stake their capital and generate safer yields using combinations of derivatives and bonds in pre-packaged instruments called structured products.

Website | Twitter | Discord | Medium

About Impossible Finance

Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading and better yields through our accelerator, launchpad, and swap platform.

Website | Twitter | Discord | Telegram | Medium

Terms & Conditions:

  • Impossible reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
  • Users need to complete their KYC and also be from an eligible jurisdiction to participate in this token sale.