Camelot is an IDO platform, incubator and community-driven DEX built on Arbitrum. It has a custom infrastructure developed to empower users and projects with deep and sustainable liquidity. Camelot Launchpad facilitates the most promising crypto startups in conducting public token sales, as well as in raising funds and liquidity in a decentralized way.
Camelot has launched over 11 projects. The Camelot token (GRAIL) and Penpie notably stand out as the most successful IDOs on the Camelot crypto launchpad, having successfully raised over $3.796M and $586K, achieving an ATH ROI of 18.23x and 7.91x, respectively.
Camelot is a community-driven ecosystem built on the Arbitrum network, aiming to assist startups in fundraising and listing while providing liquidity to them through its infrastructure that can be divided into two parts:
To participate in the Camelot IDO, there is no need to stake or allocate any tokens. You can join a public Camelot auction by selecting the project you wish to contribute to and allocating your funds. During the auction, the token price is determined by the amount of funds raised. You can find the formula for calculating the token price during the Camelot auction here.
The platform is powered by the Camelot token ($GRAIL) and its non-transferable wrapped version, xGRAIL. GRAIL enables users to participate in DAO votings and earn rewards from staking, while xGRAIL offers users the following benefits:
Learn more about xGRAIL plugins here.
Additionally, you can swap GRAIL to xGRAIL at a 1:1 ratio. However, to redeem GRAIL from xGRAIL, you need to wait for a vesting period ranging from a minimum of 15 days (50% GRAIL output) to a maximum of 180 days (100% GRAIL output).