Register or Log in to Vent Launchpad
Complete KYC verification
Fund your Metamask wallet with adequate $VENT for participation (See tier system details)
Select any ongoing project from the launchpad dashboard
Register for entry listing (formerly whitelisting) on selected project
Hold $VENT in Metamask wallet throughout snapshot period
Proceed to IDO participation after successful entry listing.
2. Complete KYC Verification
You need a valid ID and a clear selfie shot to complete your KYC verification process from your dashboard after signing in.
3. Add $VENT to Metamask wallet
You can add $VENT to your Metamask wallet by swapping your BTC, USDC, BNB, ETH, MATIC, ADA for $VENT on decentralized exchanges like Coinbase, Uniswap, Pancakeswap and Gate.io.
Decide how much $VENT you may need to take part in your choice IDO before purchasing. Holding more $VENT gives you access to higher tiers, which have access to a greater allocation from the project being launched. You will need a minimum of 5000 $VENT in your wallet during the snapshot period to receive the Base Guaranteed Allocation.
3. Find new projects
Visit your dashboard to find a list of upcoming IDO projects. The dashboard will indicate the project stage so you know when you can apply for Entry Listing and when you can purchase an allocation.
4. Entry Listing (formerly whitelisting)
Select your desired IDO project from the dashboard and register to apply for an entry listing.
Entry Listing is a nomination process all interested participants undergo to qualify for an IDO. IDOs have limited participation slots and entry listing guarantees that only participants who meet all requirements take part. Check your dashboard for entry list results 24 hours after the base guaranteed allocation is known.
5. Snapshot Process
Your Entry List qualification and Participation Tier are determined primarily by your $VENT holdings during the snapshot period. The Vent IDO snapshot process is the stipulated period for holding or staking a sufficient amount of $VENT in your wallet according to your preferred tier category to qualify for IDO participation. It lasts for 7-10 days on average.
What is an IDO?
IDO, which stands for Initial DEX Offering, is a permissionless crypto crowdfunding system that allows everyday crypto users to take part in early crypto projects in hopes of future gain.
In the process of IDOs, crypto project creators submit their projects to decentralized exchanges or IDO launchpads for listing and public participation. Participants receive valued tokens exchangeable almost immediately or after a vesting period. IDOs have become a popular successor to ICOs.
IDO vs. ICO
Ethereum raised its first capital through an ICO in 2014. Since then, the ICO model has been abandoned for a more decentralized IDO model. Here are some ways IDO improved from ICOs:
Prone to scams
Unfairly benefits project owners
Quick access to token
IDO vs. IEO
IDOs emerged as an improvement to IEOs (Initial Exchange Offerings), which directly replaced ICOs in 2017. IEOs tackled issues of fraud and scams that became peculiar to ICOs by putting raising funds in the hands of centralized exchanges (CEX). Over time, this too became a problem, as CEX meant a small group of powerful investors dictate the success of new projects. Here are some ways IDOs improved from ICOs.
Quick access to token
Advantages of IDOs
IDOs were thought to be riskier in the short term but reward over time, especially for crypto projects with future-proof relevance. Launchpads like Vent mostly offer IDO projects with long-term value.
Problems with IDO
While IDO remained the most preferred system of raising capital in the crypto space over the last three years, the challenges often encountered by launchpads are:
Short Term Profit Seekers
Most launchpads have seen an increase in participants seeking big profits within the first six months. Short-term profit-seeking or pump and dump is a trend common during the era of fraudulent ICOs, where scam projects abscond with funds and genuine projects struggle to nurture investors' faith within the first few months. Vent Launchpad is committed to building a community of long-term investors to solve this problem.
The instant availability of tokens means many participants may experience a rush to liquidate, driving prices higher within a few hours and leaving others at a net loss. Vent Launchpad solves this problem by using a vesting period model.
You can also follow detailed instructions by video here
How to participate to an ido on Vent Launchapad/round 1 - Watch Video