IDO Acquisition Method & Amount for Projects
🌿Fundraising Token: DOGE
70% of the fundraising amount will be directly received by the project when the IDO progress reaches 100%.
23% of the fundraising amount will be received by the project after a one-week assessment with requirements met.
For example, let's consider Project A conducting an IDO on DogePad platform from June 6th to June 10th for their token $A.
IDO Quantity: 100,000 tokens
IDO Amount: 1,000,000 DOGE
IDO Price: 10 DOGE per token
Out of the 1,000,000 DOGE raised, 700,000 DOGE will be distributed to Project A before June 10th, 23:59 UTC. The remaining 230,000 DOGE will be distributed to Project A after completing the assessment period and meeting the requirements before June 16th, 23:59 UTC. Lastly, 70,000 DOGE will be retained as DogePad platform fees.
