Raiinmaker IDO Snapshot Deadline

Raiinmaker IDO Snapshot Deadline

The IDO for Raiinmaker starts in just 1 day! There is still time to subscribe to the launchpad to participate in the IDO, as the snapshot will be taken today at 8PM UTC April 1 to determine eligible users! Subscribe now: https://www.tenset.io/en/gem-launch-platform

Important dates for Raiinmaker launch:

8PM UTC April 1 - Snapshot of eligible subscribers/NFT holders. Deadline for new subscribers or delegation of wallets for IDO.
10AM UTC April 2 - Round 1 of IDO begins. Open for 24 hours, guaranteed allocation for all Tenset users.
Allocation in Round 1:
- Tier 1 - 25 USDC (71.42 $COIIN tokens)
- Tier 2 - 62.5 USDC (178.57 $COIIN tokens)
- Tier 3 - 150 USDC (428.57 $COIIN tokens)
- Tier 4 - 187.5 USDC (535.71 $COIIN tokens)
- Tier 5 - 225 USDC (642.857 $COIIN tokens)
IDO will take place on the BASE blockchain, using USDC.
1PM UTC April 3 - Round 2 IDO begins, for unsold tokens. First come, First served.

The first round will be a guaranteed allocation for all eligible Tenset users, with unsold tokens then being made available in a second round.

The guaranteed allocation in Round 1 is 25 USDC per 1 allocation weighting. The launchpad now follows a tier system with different weighting allocation for each tier. Tier 5 NFT holders get a 9x weighting, so allocation of 225 USDC. If you have multiple subscriptions or NFTs on the same wallet, the allocations are added together (if they have the same perks).

The IDO will take place on the BASE blockchain, so USDC should be prepared on your wallet here. Make sure to have enough ETH on Base to cover blockchain gas fees. A guide for how to join the BASE blockchain is shared below by the Raiinmaker team.

The 7 day, no-questions-asked, decentralised claim-back policy will be enabled for this launch! This means that you can cancel your vesting up to 7 days after the token lists on an exchange, if you have not already claimed any COIIN tokens.

Raiinmaker team has provided a guide for joining BASE if you are not already familiar with the network.

USDC on ETH to USDC on BASE

To bridge from ETH to BASE (Gas fees based on ETH network and congestion)

visit https://bridge.base.org/deposit
Select Bridge from Menu on left
Connect wallet
Select Asset (USDC) and amount to transfer
Transfer will Bridge from ETH to BASE

USDC on BSC to USDC on BASE (A less expensive option, cheaper gas fee than eth)

To bridge from BSC to BASE visit: https://stargate.finance/transfer
Connect wallet
Select from BNB chain, Select USDC
Select Destination Chain to BASE, Select Asset (USDC)
Input amount
Select Transfer
Transfer will Bridge from BSC to BASE It will show how much you will receive and estimated time of transfer The amount will bridged from your BSC USDC, to your BASE USDC
This bridge give you USDbC, instead of regular USDC. So you would then need to swap USDbC to USDC on uniswap in order to participate in the IDO.

Additionally, there is possibility to withdraw ETH via BASE network from a CEX and then swap it for USDC on Uniswap. This will depend on the CEX that you use, e.g. Binance and Bybit support Eth withdrawals via Base. Coinbase supports withdrawals of both ETH and USDC on BASE network.

To add the network to your Metamask or other private wallet, you can follow BASE’s detailed guide here: https://docs.base.org/using-base/.

Coiin token details: