LZ Pad is the on-chain platform for crypto startups to raise funds through the process called IDO (Initial Dex Offering). Only those who lock $LZ for Diamond Hand Round, LZ Membership Clubs, winners of the whitelist challenge or whitelisted LZ Heroes have the right to participate in IDO.
There are a total of four IDO rounds, which allows more investors to participate in the token sale events (IDOs) hosted by LZ Pad.
Round 1: Diamond Hand Round
Round 2: Membership Round
Round 3: Whitelist Round
Round 4: Heroes Round
Design of each round is as follows:
In the new allocation scheme, everyone who locks $LZ on LZ Pad will be able to claim an allocation proportionally to their share of locked tickets. Therefore, we change the name of this round to Diamond Hand Round. $BSCX ticket owners remain qualified for the upcoming IDO.
Each wallet can lock $LZ in maximum 20 batches; the amount of $LZ to be locked in each batch is unlimited. The locked $LZ will be automatically unlocked exactly six months from the lock date, but if users lock their $LZ in different batches, each batch will be unlocked at a different date and time.
Members of LZ Club, BARMY Club and Mayor Club must deposit a minimum amount of LP tokens on LZ Pool join the Telegram group. If they withdraw their LP tokens or their balance falls below the required minimum, users will automatically be removed from the group and won't qualify for the IDO.
Each group is required to deposit a different LP pair:
LZ Club: Deposit the LZ/BUSD pair on LZ Pool to join the club here.
BARMY Club: Deposit the LZ/USDC pair on LZ Pool to join the club here.
Mayor Club: Deposit the LZ/USDT pair on LZ Pool to join the club here.
We will select the winners of the whitelist challenge and publish the list prior to the IDO. The pool for whitelist winners will open after the second round ends. If the allocations for Diamond Hand Round and Membership Round are not fully distributed in the given time, the remaining tokens will be distributed to Whitelist Round participants.
LZ Heroes can participate in the last round of the IDO, whose pool is distributed manually. We will announce the whitelisted Hero Addresses one day before the IDO starts. LZ Heroes need to fill in the attached Information Form and wait for the manual distribution after the Whitelist Round has finished. The average individual allocation for Heroes Round is $50.
Normally, all pools are distributed on a first-come-first-serve (FCFS) basis. We therefore advise you to claim your token as soon as possible.
Step-by-step guide of how to participate in our IDOs is here:
Cryptocurrency investment is promising but subject to high risk. Pease invest with caution. LaunchZone will do our best to choose high-quality projects but will not be responsible for your investment loss.