– Public Sale Tokens Released on Day 1: 50% unlock of claimed tokens
– Public Sale Tokens Released after a 4 month cliff: 50% unlock of remaining claimed tokens*
*Tokens will be automatically airdropped into the same wallet address
Over the next few weeks, Impossible will share more insights and host mega whitelist allocation campaigns to reward loyal users. Stay tuned on Highstreet’s Twitter as well for their latest updates and progress.
- KYC Preparation Period: Rolling ongoing basis. Users can submit their information and pass KYC anytime during the entire IDO timeline. Only users that have completed KYC & are from accepted countries will be able to participate in this sale.
- Staking Period: 2021/09/27 5:00 AM (UTC) to Block  ~2021/10/13 5:00 AM (UTC). After completing KYC, stake IDIA into Impossible’s Launchpad staking contract which will record user’s staked IDIA balances. User’s IDIA balance will be captured onchain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
- Purchase Period: Block  to Block  estimated to be 2021/10/13 10:00 AM (UTC) to 2021/10/14 10:00 AM (UTC). Subscription will open at this time for all eligible users for approximately 24 hours depending on BSC block times. Users may elect to purchase any amount of $HIGH up to the allocation derived from the staking period.
- Claiming Period: No earlier than 2021/10/14 12:00 PM (UTC) in order to sync up with other parallel $HIGH launches. Timing and details to be confirmed by Highstreet closer to the time.
*Due to variability in block times across multiple chains, exact details on the Claiming Period are subject to change prior to distribution in order to synchronize with other parallel launches.
Highstreet Token Sale Details:
- Token Ticker: $HIGH
- Launchpad Sale Hard Cap: 1,000,000 USD (split into multiple pools)
– Standard pool: 500,000 USD
– Unlimited pool: 500,000 USD
- Total Token Supply: 100,000,000
- Day 1 Circulating Market Cap: TBC
- Tokens Allocated to Impossible Launchpad: 1,000,000 $HIGH (1% of Total Token Supply)
- Public Sale Token Price: 1 $HIGH = 1.00 BUSD
- Listing Price: 1.00 USD (BUSD)
- Token Sale Format: Staking Subscription
- Sector: Impossible Finance NFT Track
- Learn more via $HIGH whitepaper
- KYC requirements: Residents from countries or regions such as US, Mainland China, and UN-sanctioned countries are excluded from participating.
Launchpad Pools (Sale cards)
For Highstreet ($HIGH) IDO, we will be having 2 sale cards to cater to different users:
- Standard Sale: Stake limit — Users can stake a maximum of 10,000 IDIA tokens at any one time as consideration for allocation. The maximum $HIGH a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
- Unlimited Sale: No stake limit — Users can stake any amount of IDIA at any one time as consideration for allocation. The maximum $HIGH a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
How to purchase IDIA Tokens
If users do not have IDIA tokens yet for the $HIGH IDO, you can purchase it via the below venues:
Token Allocation Calculation
- The token sale for $HIGH 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 $HIGH 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 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
Highstreet creates the shopify for Gaming experience for brands, where they can seamlessly establish a presence in an MMORPG world. For players it plays like all our childhood favorites, from Maplestory to World of Warcraft, except every in game item and storefront encoutered is a real product by a real brand. With direct integration to existing E-commerce systems players buy phygital products to use in game but also have the choice to redeem items in real life.
Highstreet is created from LumiereVR, a computer vision based VR retail company established in 2015. The team has built a commerce based metaverse over the years by piecing together components built by various household names from brands like Hershey’s Chocolate to Victoria Secrets, bigger groups like L’Oreal to Madison Square Garden as well. We’ve got a great list of investors already including HTC, Palmdrive Capital, Cherubic Ventures from the traditional side, Mechanism, Jump Trading, and NGC from crypto. Our most recent investment round is led by a combination of top tier brands and exchanges, allowing us to build interoperability between games natively in our metaverse.
About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. It offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields.
Terms & Conditions:
- DISCLAIMERS, TERMS, and RISKS
- 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.
- Impossible.Finance makes every effort to ensure that the actual time follows the above planned schedules. However, there is a high chance that there is a discrepancy between these 2 times due to the very nature of blockchains.
- In smart contracts, each event (e.g. staking) is triggered when a specific block is reached, and with block times entirely dependent on network/infrastructure conditions (some block times can be longer than 30% than the average), it can be challenging to predict the block that corresponds to the exact planned time.
- When the event is further out into the future, it becomes harder to predict the exact block due to the larger number of unpredictable blocks between now and then. An interesting side effect of this is that the nearer we get to the event, the more certain of the event time we become. And so, the Impossible team has a dynamic frontend that updates the estimated time that corresponds to the specific event block.
- While the team makes a best attempt to make each event happen at the said planned schedule, reality is still likely to be different. As such, we make our sub-features like calendar reminders scheduled with a 95% confidence that they are early with 2 disclaimers: (i) there is a small chance that the event happens before the reminder, (ii) we ask that you check the main product page for a more accurate event time closer to the planned time.
Highstreet IDO on Polkastarter
We are pleased to tell you Highstreet’s initial decentralized offering (IDO) for our $HIGH token will take place on Polkastarter on Thursday, October 7, at 13:00 UTC. This will give our supporters the opportunity to support the first commerce-centric metaverse and invest in Highstreet’s future as we build a unique marketplace and virtual environment for our community.
Here are the details of the $HIGH IDO:
- IDO Date: October 7, 2021
- Ticker: $HIGH
- Total supply: 100,000,000
- Price per token: $1.00
- Platform raise: $500,000
- Max allocation per user: $400
- Duration of whitelist: September 24 to October 2nd
- Vesting information will be announced later.
This public sale of $HIGH comes a month after Highstreet closed a $5 million funding round with some of the industry’s hardest hitters. From Traditional Investors like HTC and Palmdrive Capital, to Crypto native funds like Mechanism, and NGC, it is no wonder that Highstreet is poised to bring the Real and Virtual worlds together with their metaverse.
Our mission is to bridge the physical and digital worlds, while redefining the ways financial products are utilized, consumed, and sold. Highstreet’s users can explore a multifaceted, interactive metaverse — all through the Highstreet interface. You’ll be able to own and expand your virtual reality estates, buy tokenized products, and be part of a vibrant community.
“As the real and virtual worlds collide, Highstreet will be at that intersection welcoming everyone as residents of our Metaverse and shoppers of our Phygital Market place.” Travis Wu, Co-Founder and CEO of Highstreet.
To become part of the whitelist, you will have to hold at least 250 POLS for a minimum period of 7 days. Learn more about the Polkastarter Whitelist requirements here.
Ahead of our IDO, Highstreet will run a Gleam campaign to show our community some love. We’d like to take this opportunity to say how grateful we are for the support from everyone who has watched our project grow.
Our Gleam campaign will run until Oct. 2nd, UTC 13:00. Here are the tasks:
- Provide an ERC 20 address (mandatory, 1 pt)
- Visit Highstreet’s main page (2 pts)
- Follow @Highstreetworld on Twitter (3 pts)
- Retweet IDO tweet (4 pts)
- Join Highstreet’s Discord Server (3 pts)
- Subscribe to Highstreet’s YouTube channel (3 pts)
- Follow Highstreet on Facebook (3 pts)
- Follow Highstreet on LinkedIn (3 pts)
- Clap for IDO announcement on Medium (2 pts)
- Join Highstreet’s Telegram channel (2 pts)
- Complete all tasks! (15 pts)
After the whitelisting process closes, a lottery will generate a list of users approved for the IDO. Approved users will receive an email from firstname.lastname@example.org
Once you receive the confirmation email, you’ll have 36 to 72 hours to complete the KYC process. Please see the Gleam announcement for the detailed terms and conditions, including restricted countries.
The $HIGH IDO is the next step in our journey to redefine the future of markets for collectible products. The denizens of Highstreet’s metaverse will be able to earn $HIGH by playing their favorite games through our unique proof-of-play system. Plus, $HIGH can be spent on purchases of some of the hottest goods in the world.
This competition is open internationally. Restrictions due to compliance regulations for different jurisdictions apply.
Residents from the United States, North Korea, China, and Iran are not permitted to join this contest. Highstreet, nor any of its partners, are not responsible for any legal repercussions incurred due to non-compliance of participants.
Please consult the respective laws governing your region for the most accurate information.
Highstreet is a commerce-centric metaverse that allow players to explore a vast MMORPG world where in-game items are real products by real brands. Highstreet’s Merchant portal enables the shopify for gaming experience for brands where an easy to use UI built upon the Metaplex protocol allow companies to easily setup shop both on web3 as well as in Highstreet World.
For the latest information about Highstreet and our token launch, please follow us on these channels:
Polkastarter is the fully decentralized protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets.
With Polkastarter, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment, and use assets both in and beyond the current ERC20 standard.