With that said, we are nearing the IDO of $Nifty.
As we approach the IDO, various doubts may arise as NiftyPays has so much to offer. To create transparency we have curated a list of FAQs for reference:
Q.1 — Where will NiftyPays host its IDO?
NiftyPays token distribution will be in two scenarios,
- For VulcanForged NFT holders: The allocation is already guaranteed. 150k allocation has been reserved for them. We will take a snapshot on 15th November and provide the payment link to corresponding NFT holders.
- IDO hosted on TrustPad: NiftyPays will also host its IDO on the popular launchpad Trustpad on 18th November 2021. Follow the process mentioned in Question 5.
Q.2 — Who is eligible to participate in it?
- Everyone is eligible for public sale participation. All you have to do is be the owner of NiftyPays~VulcanForged NFTs or participate in TrustPad IDO on 18th November.
Q.3 — Do NiftyPays~VulcanForged NFT holders get guaranteed allocation?
- Yes, The allocation is already assured for our NiftyPays~VulcanForged NFT holders. On November 15th, we’ll take a snapshot and send the payment link to the associated NFT hodlers. They have a 150k allocation set out for them. They have 150k worth of allocation reserved for them which will be sent to them.
Rights to $NIFTY tokensale = (Amount of NFTs bought by User A/Total sale of all 100 NFTs)*150,000 = User A’s Total Rights to allocation if $NIFTY
Q.4 — What is the Vesting Schedule of $Nifty?
- The Vesting schedule will be 3 months,
- 1st month/TGE- 33.3%
- 2nd Month- 33.3%
- 3rd Month- 33.3%
Q.5 — How to participate in the NiftyPays IDO on Trustpad?
NiftyPays is an innovative NFT ecosystem, enabling participants to benefit from their NFTs by staking them as collateral for loans.The ecosystem revolves around $NIFTY – a utility token which introduces an incentive mechanism to allow NFT holders to transact in a peer-to-peer manner for various useful functions, such as fractionalisation of NFTs, or lending and borrowing of NFTs.
Access Type: Levels
Hard Cap: $150 000
Swap Rate: 10 NIFTY per 1 BUSD
Start: 18 Nov, 12:00 pm UTC
End: 18 Nov, 18:00 pm UTC
Registration Start: 16 Nov, 12:00 pm UTC
Registration End: 18 Nov, 06:00 am UTC
FCFS Opens: 18 Nov, 17:00 pm UTC (1h before the end)
Token: NiftyPays (NIFTY)
Total Supply: 180 000 000 NIFTY
Initial Supply: 3 000 000 NIFTY, market cap $300 000
Distribution: Claimed on TrustPad
Vesting: 3 months
Once the raise is live, the guaranteed allocation round will last approximately 6 hours, followed by an FCFS round which is only for TPAD stakers and whitelisted wallets. You need to complete these steps to participate:
1. Head to the pool page
2. Enter the number of tokens you want to buy
3. Approve the interaction using the “Approve” button
It’s required to allow the IDO contract to transfer BUSD as your payment
4. Fund your allocation with BUSD using the “Buy” button
The IDO contract will automatically transfer the required amount of BUSD from your wallet.
5. Ensure you purchased the tokens
You should see the number of tokens you purchased in the buy form.
– Make sure to buy your allocation before the FCFS round of the IDO as you are no more guaranteed to buy your allocation at that point of the sale.
– DO NOT send BUSD directly to the IDO contract. The contract won’t accept it. ALWAYS use the buy form.
-If you did it and want the refund, we will take a fee equal to 30% of the amount due to the required manual work.
For more queries, post your questions on NiftyPays official group and the team will be at your service. Happy Trading!
Q.6 — What will happen to my NiftyPays~VulcanForged NFTs post-IDO?
Post receiving your token allocation you can use your already held NFTs for:
- Owners will receive early access to Nifty Karma staking pool offering huge APY yields(more announcements on this soon)
- Owners stake the purchased NFTs on the NiftyPays platform(once live) as collateral or for lending. The APY for these staked NFTs will dynamically range based on utilisation of our AMM pool(refer $Nifty whitepaper)
- Each NFT will have its own rarity and owners are free to sell them on open marketplaces, although we would love transactions and passive income generation on NiftyPays dapp.
NiftyPays is a Decentralised NFT liquidity Protocol enabling lending-borrowing and staking opportunities against NFTs(aka Nifties). It is an innovative and revolutionary concept, deeply and strategically brainstormed to benefit the exponentially increasing holders of Nifties (Non-Fungible Tokens). It will further fuel the wave of buying and holding NFTs, making them lucrative to investors looking for short-term gains apart from the increased value of NFTs over time and the pride of owning them.