Privasea is an innovative startup dedicated to constructing efficient and developer-friendly FHE solutions. $PRAI is a native token of the platform used for securing the network via staking, governance, and granting rewards to node runners.
In 2024, the platform hosted an IDO round on Synapse Network, aiming to raise $61K.
Privasea AI - IDO on Synapse Network Overview
Synapse Network
How to join Privasea AI - IDO on Synapse Network?
To participate in the $PRAI IDO on Synapse Network, you need to visit the launchpad, and connect your wallet first.
Then, visit the Synapse Network’s blog post explaining the new allocation system in the launchpad.
In short, instead of tiers, it introduces a points system, which you receive for staking the native $SNP tokens (1 point = 1000 $SNP staked), with a minimum requirement of 10,000 $SNP staked. Then, all participants who want to join the sale confirm their participation, and the launchpad determines their allocations depending on the total Synapse Network points dedicated to the round.
Hence, acquire $SNP tokens in your wallet, and stake them in the relevant portal to get a tier. After that, go to the $PRAI sale page and contribute the required amount of funds.
Good Luck! 🍀
Step-by-step Guide
Visit the launchpad;
Connect your wallet;
Verify your identity;
Stake $SNP tokens to earn Synapse points and be eligible for sales;
On the day of the sale, contribute the funds;
Get your tokens on TGE.