AstroCAT IDO Model

Following community feedback about the IDO structure at Tenset, we are pleased to unveil a new model to simplify the process for Tenset launchpad subscribers/NFT holders.

Previously, in each IDO we would hold 2 rounds for launchpad users: first, the guaranteed allocation, and then the First come, First served (FCFS) for unsold tokens. Now, we're merging both rounds into one: everyone will still have their guaranteed allocation, but they can also commit more USDT, without having to compete in FCFS.

Their surplus USDT will be used to purchase additional tokens, if available. Unused USDT will be possible to withdraw after the claim-back period ends.

For example, the guaranteed allocation for a tier 3 user in AstroCAT IDO is 480 USDT. They can commit more USDT than this if they wish. E.g. Commit 2,000 USDT. In the event that not everybody purchases their guaranteed allocation, those who committed extra USDT will then get additional allocation.

Several criteria will determine the amount of additional allocation each users receives, including: the amount of allocation left over, the amount committed by users and the tier that they have on the launchpad.

With the previous IDO system of 2 rounds, this user could have purchased 480 USDT in Round 1 guaranteed allocation, and then tried again in FCFS round 2 to acquire additional allocation. However, with this new system they do not have to compete in FCFS, and can instead commit more at the beginning.

We believe this will greatly simplify the IDO experience for users and remove a lot of the stress of hotly contested FCFS rounds. The commitment round will be open for 48 hours, so users will have plenty of time to decide how much they would like to contribute.

The IDO for AstroCAT begins tomorrow! The snapshot will take place at 6PM UTC today, so make sure to subscribe to the launchpad before then if you wish to participate: https://www.tenset.io/en/gem-launch-platform.

If you missed the earlier announcement of you can find their full project details here: https://www.tenset.io/en/news/astrocat-gem Read on below to find out the launch timeline and guaranteed allocations for each tier.

Launch timeline:

November 27, 6PM UTC - Snapshot to determine eligible launchpad users.

November 28, 11AM UTC - IDO begins. Users can commit USDT for the next 48 hours.

November 30, 11AM UTC - Commitment end rounds. Allocations will be calculated and a final update shared once finalised.

December 2 - Launch on DEX

Guaranteed Allocation for Commitment Round:

Tier 1 - 80 USDT

Tier 2 - 250 USDT

Tier 3 - 480 USDT

Tier 4 - 600 USDT

Tier 5 - 720 USDT

The IDO commitment will take place on BNB smart chain, so USDT should be prepared on your wallet there. Ensure to have enough BNB to cover blockchain gas fees. After you purchase your allocation, you will need to provide a Solana address, which will then be used to claim your AstroCAT tokens at TGE.

The claim-back process will also take place on Solana blockchain, so you will need SOL on your wallet there. As always, you can only make a claim-back if you have not already claimed your AstroCAT tokens. Claim-back will be possible up to 24 hours from the listing. If you make a claim-back, your USDT will be available to withdraw on BSC, some hours after the claim-back period ends (up to 24 hours).

AstroCat token details:

• Total supply 1 billion tokens based on Solana
• Price per token 0.004 USDT for Tenset users
• 100% of tokens unlocked at TGE
• Total raise 2,500,000 USDT (IDO will take place on BNB chain)
• 24 hour claim-back policy will be enabled

You can find out more information about AstroCat on their official channels below:

Website: https://astrocat.ai

Twitter: https://x.com/AstroFiCat

Telegram: https://t.me/astroficat

Whitepaper: https://docs.astrocat.meme/