UncleMine IDO Whitelist on DexLab
Dexlab is proud to announce the Initial Dex Offering for UncleMine.
What is UncleMine?
UncleMine is the first fundraising, DeFi & DAO platform backed by verifiable mining assets.
UncleMine will use cryptographic technologies such as zero-knowledge proof to integrate on-chain liquidity and off-chain computing resources, break the barriers of various computing resources off-chain and virtual worlds on blockchains, redefine the form of computing power in the next-generation Internet, establish a smooth financing channel to help MA holders, and open to provide MA liquidity as a new on-chain asset.
The core idea of UncleMine Protocol is to use cryptography technology to convert all kinds of computing power into universal and verifiable on-chain proof, to realize the true mapping of off-chain computing power to on-chain smart contracts, and to give computing resources and computing power liquidity, programmability, and composability. Through the incentives of the economic model, computing power is integrated into existing DeFi ecosystems and becomes a unique asset class in the decentralized world.
Delve more deeply about UncleMine through their wiki here.
UM is the native token issued on Solana with a total of 1,000,000,000 UM. It is the core of the UncleMine protocol economic incentive mechanism and an important medium for governance on the protocol chain. The distribution of UM tokens is as follows:
More details about the token can be found here.
Investors and Backers
If you are curious about other aspects of the project, you can check all the resources below.
Initial DEX Offering Details
- Whitelist Submission: Feb 21 15:00 UTC — Feb 22 15:00 UTC
- Result Announcement: Feb 23 15:00 UTC
- IDO Participation: Feb 24 15:00 UTC — Feb 26 15:00 UTC
- Token Distribution: Early March.
- Vesting schedule: 50% on TGE & 50% after one month.
- Market Listing: The date will be TBA.
- Selection Type: Staked Ranking + Standard
- Token Name: UncleMine
- Token Ticker: UM
- Token Listing Price: 0.06 USDC
- Total Amount IDO sale (Hard cap): 750,000 USDC
- Individual Cap: Please see here for an exact number for ranking and standard. Must purchase the entire amount of allocation given.
- Pairing: UM/USDC
- Maximum Supply: 1,000,000,000 UM
- Initial Circulating Supply: 25,000,000 UM
The Whitelisting Method
Staked Ranking Pool
This whitelisting will be using our staking system to qualify for the holding system. If you would like to participate in the white list, please complete the staking. Read all about our staking system here.
If you are in the ranking according to the staked quantity, you will get a guaranteed part in IDO sales depending on your ranking. It will follow the existing ranking system. If you do not stake, you will not be included in the ranking.
If you participate in the standard pool but DO NOT stake, you will receive 1 ticket.
If you do stake your DXL, you will get 1 ticket per 100 DXL. The winning rate increases with the number of tickets you have. For example, if you have 5 tickets, you have a higher winning rate compared to 1–4 tickets holders.
After applying with your wallet to the whitelisting, the quantity available for you to purchase will be displayed next to your rank. It will not appear in the ranking immediately after participating.
Step by Step Whitelisting Process
The process begins here.
Step 1: Follow UncleMine’s Twitter and quote retweet their pinned tweet by tagging two friends and including the hashtag
- #Dexlab #UncleMine $DXL $UM #IDO #whitelist
- Enter your Twitter Quote RT link.
Note: Your Twitter must be a public account.
- Dexlab: https://t.me/Dexlab_official
- UncleMine: https://t.me/UncleMine
- Enter your Telegram ID with ‘@’.’
Step 3: Comply with the Terms and Conditions set forth by us.
Note: the following information will be needed to complete this application.
- SPL address, Telegram ID, Public Twitter account
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- Telegram CN
Terms & Conditions:
- Dexlab reserves the right in its sole discretion to amend, change or cancel this event at any time and for any reasons without prior notice.
- Users need to complete all steps of the process to be eligible to participate in the IDO. They also need to be from an eligible jurisdiction to participate in this token sale.
- DISCLAIMERS, TERMS, and RISKS
Please make sure that your action is compliant with the relevant regulations within your jurisdiction. Dexlab and UncleMine will not be held liable for any legal repercussions that result from your participation in our whitelist event.
USERS ARE RESPONSIBLE FOR THE ACTUAL AND ACCURACY OF THE INFORMATION PROVIDED. USERS WILL BE RESPONSIBLE FOR ANY DAMAGE/MISCONDUCT IF FAKE INFORMATION IS PROVIDED, INCLUDING BUT NOT LIMITED TO THE LIABILITY OF UncleMine, DEXLAB, AND USERS AND THEIR AFFILIATES.
Furthermore, residents of the following and regions countries will be automatically banned:
Afghanistan, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, China, Congo (Democratic Republic), Cuba, Côte d’Ivoire, Eritrea, Fiji, Guinea Guinea-Bissau, Haiti, Hong Kong, Iran, Iraq, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macau, Myanmar; North Korea; State of Palestine, Puerto Rico, Rwanda, South Sudan, Sudan, Syrian Arab Republic, Taiwan, Turkmenistan, United States of America, Venezuela, Yemen, Zimbabwe.