Impossible is excited to announce our FIRST project to graduate from the Impossible Incubator and participate in a public Impossible Launchpad – the Impossible Decentralized Incubator Access (IDIA) token. For a video guide tutorial on how to participate: please check here.
Impossible’s Launchpad staking contracts will record user’s staked IF balances for 4 days from 2021–08–12 5:00 AM (UTC) to 2021–08–16 5:00 AM (UTC). The final IDIA allocation amount for each user will be determined based on their stake amount and length shortly after the staking period is over. This design was selected for the Impossible inaugural launchpad to ensure that all users can have a proportionate access into the IDIA token. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.
Token Sale Details:
- Token Name: Impossible Decentralized Incubator Access Token (IDIA)
- Launchpad Sale Hard Cap: No less than 240,000 USD*
- Hard Cap Per User: 10,000 USD
- Total Token Supply: 1,000,000,000 IDIA
- Tokens Allocated to Impossible Launchpad: 4,000,000 IDIA* (0.4% of Total Token Supply)
- Public Sale Token Price: 1 IDIA = 0.075 USD (BUSD) (25% Impossible Discount)
- Listing Price: TBD – No less than 0.10 USD (BUSD)
- Token Sale Format: Staking Subscription
- Sector: Impossible Finance Inaugural Track
- Supported Staking Tracks: IF staking only
*In the event of significant oversubscription, Impossible reserves the ability to adjust the hardcap to accommodate increased user demand.
- KYC Preparation Period: 2021–08–10 5:00 AM (UTC) to 2021–08–12 5:00 AM (UTC): During this period, users can prepare their credentials and pass KYC.
- Staking Period: After completing KYC, stake IF into Impossible’s Launchpad staking contract and the contract will record user’s staked IF balances for 4 days from 2021–08–12 5:00 AM (UTC) to 2021–08–16 5:00 AM (UTC), user’s IF balance will be captured onchain.
- Purchase Period: 2021–08–16 10:00 AM (UTC) to 2021–08–17 10:00 AM (UTC): Subscription will open at this time for all eligible users for a 24 hour period – users may elect to purchase any amount of IDIA less than or equal to the allocation derived from the staking period.
- Claiming Period: starting at 2021–08–17 12:00 PM (UTC): users will be able to claim your IDIA allocation on the Impossible Launchpad.
The token sale for IDIA will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IF they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IF balances recorded starting at approximately 2021–08–12 5:00 AM (UTC).
To learn more about Impossible Launchpad (IDIA), read Impossible’s in-depth research report which will be published in the next few days. For more details, please also reference the Impossible Finance Whitepaper.
How to purchase IF Tokens
If users do not have IF tokens yet for the IDIA IDO, you can purchase it via the below venues:
Impossible Finance Project Links:
Audit Report: https://github.com/ImpossibleFinance/Audits/
Telegram Announcement: https://t.me/impossibleann
Reminder: Users need to complete their KYC and also be from an eligible jurisdiction to participate in this token sale.
Thanks for your amazing support and let’s do the Impossible together!
Note: This announcement was last updated on 2021–08–02.
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.