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StormTrade is the largest perpetual DEX on the TON blockchain, combining elements of a Social-Fi platform. It enables users to trade crypto, stocks, Forex, and commodities with up to 50x leverage, all while enjoying an improved trading experience through a user-friendly interface and multiple incentivizing campaigns.
It is powered by the $STORM token, whose main purposes are to reward active traders on the platform, participate in governance voting, enable revenue sharing, and provide trade fee discounts.
On October 5th, 2024, the platform launched an IDO sale on DegenPad, aiming to raise over $50,000.
CoinLaunch Score:
Last update:
Medium
07 Oct 2024
Storm Trade - IDO on DegenPad Overview
start date:
05 Oct 2024
end date:
08 Oct 2024
price:
$0.012
tokens for sale:
4,166,666
Raise:
$50,000
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
DeFi
Lock-up:
Launchpad
15% at TGE, no cliff & 6 months linear vesting
DegenPad
How to join Storm Trade - IDO on DegenPad?
DegenPad implements a classic tiered system to provide users access to token sales. Tiers can be acquired by increasing the number of points, which initially equals the amount of $CGPT tokens staked on the platform at a 1:1 ratio. However, you can earn even more points by staking tokens in longer-term staking pools, where you’ll receive a point multiplier:
- Staking $CGPT in the 45-day pool gives you a 1x multiplier.
- Staking $CGPT in the 90-day pool gives you a 1.3x multiplier.
- Staking $CGPT in the 180-day pool gives you a 1.5x multiplier.
- The 365-day pool gives you a 2x multiplier.
Finally, depending on the number of points you own, you can get one of the following tiers, offering the respective benefits:
- Ape (2,000+ points): Minimum 1x Allocation Multiplier + access only to FCFS rounds.
- Chad (20,000+ points): 4x Allocation Multiplier + access to both Guaranteed and FCFS rounds.
- Shark (50,000+ points): 10x Allocation Multiplier + all Chad tier benefits + inclusion in Crowdfunding & Private Sales, NFT launches, and airdrops.
- Whale (200,000+ points): 40x Allocation Multiplier + all Shark tier benefits + token airdrops from incubated projects, occasional NFT airdrops, and more.
Read more about the DegenPad tier system here.
To join the Storm Trade IDO, acquire some funds on the BSC network, along with some $BNB to cover fees, and get a TON web3 wallet to later claim $STORM tokens at the TGE. Once done, visit the sale page either on DegenPad, connect your BSC network wallet, acquire any of the mentioned tiers, enter the address of your TON wallet in the line in the left corner of the screen, and “confirm interest.”
For Chad and higher tiers: Once the registration deadline ends, you will be notified of your allocation size. Enter the required amount of $USDT and confirm the transaction. If there is an FCFS round, you will be able to join, but there won’t be clear deadlines or allocation sizes, so you’ll need to act quickly.
For Ape tier members: Wait until the main sale round concludes and join the FCFS round. Note that you’ll be competing not only with other Ape tier members but also with higher-tier users, so act quickly to secure your desired allocation.
Good luck! 🍀
Step-by-step Guide
Acquire funds in your web3 wallet on the BSC network;
Create a new or open your existing TON wallet and copy its wallet address;
Visit the $STORM sale page either on Degen Pads. connect your BSC wallet;
Enter the TON wallet address;
Acquire any of these four tiers;
Register interest;
When the registration deadline ends, purchase your tokens.
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