ITHEUM IDO KYC is Closing — Preparing for the EGLD Snapshot
Things are heating up for the ITHEUM token sale — we’re pleased to announce that the support has been fantastic! As we’re approaching the official IDO date, the KYC and registration for the token sale will be closing tomorrow, March 25, 2022 at 08:00 UTC.
Here’s a quick overview of what users can expect in the pipeline within the next week.
As a part of Elrond’s Maiar Launchpad activities, the next step for the ITHEUM sale is the EGLD snapshot, which will reflect the amount of EGLD staked or delegated for each token address to determine which users have completed and passed the KYC verification process.
A snapshot of the staked or delegated EGLD balances will be conducted at a random time on March 25, 2022. The EGLD snapshot information will be saved in the Launchpad Smart Contract to ensure full transparency and fairness for all Itheum users.
Users will be assigned to one of the following five tiers based on the amount staked or delegated:
On March 26, 2022, eligible users will need to purchase lottery tickets to enter the token sale based on the maximum number of tickets permitted for their assigned tier. The price of each ticket is $200, which must be paid in EGLD tokens.
All eligible users will be able to buy tickets for a 24-hour period on this day. Users must also sign the Token Purchase Agreement at the same time prior to completing the ticket purchase. The EGLD price per lottery ticket will be determined before 16:00 UTC on the same day.
On March 28, 2022, users will no longer be able to buy tickets. The lottery draw will commence and winners will officially be announced, after which they’ll be able to claim their respective ITHEUM tokens (users not selected to claim will be able to retrieve their invested capital in EGLD tokens).
More information can be found here on the Maiar Launchpad website for Itheum: https://maiarlaunchpad.com/itheum/how-to-guide
Itheum empowers data ownership in the Web3 and Metaverse ecosystems and creates new market value for your data. It enables this by providing “decentralized data brokerage” technology. It’s a suite of tools that enable high-value data to be bridged from web2 to web3 and then be traded via peer-to-peer sales. It allows for “viral adoption” via our creative “Data NFTs” (provide “inner value” to NFTs and enable royalties / limited supply) and “NFMe ID” technology (a living Metaverse avatar representation of you — wrapped as an NFT and backed by personal data) and our innovative Data Coalition DAOs (which bulk trades your data). It also aims to be fully privacy-preserving, regulation-friendly and cross-chain; making it the most comprehensive core blockchain data infrastructure available in the market with use-cases in both the enterprise and retail space.