$CHTX SHO on DAO Maker: Participation Guide
On November 8–9, everyone will have a chance to buy $CHTX during the SHO on DAO Maker for the pre-listing price of 0.025 USD to use it within the cryptobank for getting early birds rewards, profit-making or simply hold until the price goes 🚀 It’s the last of the $CHTX Tokensale Public Rounds, so make it count!
Chatex isn’t just another crypto project. We aim to make crypto available for everyone despite their experience and technical preferences. Operating as a Telegram bot, Chatex is a cryptobank fully functional on almost any device there is. Our services make profiting from crypto or just using it for their regular day-to-day operations easy and accessible.
To expand our services to lending, borrowing, and saving funds, we issue our own utility token — Chatex Coin or $CHTX. Holding $CHTX or using it within the Chatex Cryptobank will decrease the service fees and/or give you rewards in $CHTX. In other words, $CHTX makes any interaction with Chatex Cryptobank more profitable. Find more details are in our Tokenomics and Chatex Savings articles. Recently we’ve hosted a number of exciting community events and reached a couple of team achievements — learn more about our progress by reading our Transparency Report.
Why DAO Maker?
DAO Maker is a leading IDO Launchpad with the highest average ROI on the market! Chatex is proud to host its 3rd Public Sale Round on such an opportunistic platform! DAO Maker is most popular for the ridiculously high ATHs of some projects that chose this platform for their IDOs and acceleration. Take a look at this infographic to get a picture of what we are talking about:
So it’s only rational that you prepare for the $CHTX SHO on DAO Maker!
BTW, you can guess the $CHTX ATH after the exchange listing here and win $CHTX.
New DAO Pad Participation Conditions & $CHTX SHO Participation Rules
Although, the rules of participation on DAO Maker’s SHOs have recently gone through some changes. So, we will gladly spell out the new guidelines for you!
- Starting from the 8th of November, there will be a new Tranche system implemented to distribute the chances for receiving an allocation (find the precise distribution below).
- To participate in $CHTX SHO on DAO Maker you will have to stake 2,000+ DAO on any non-custodial Wallet for 15 days before the registration (preferably MetaMask, Exchange Wallets don’t count) OR you have to be holding from 500 to 1,999 DAO in Vault from before the 1st of September (such users receive “Early Adopter” status). The number of DAO tokens stacked on your account is called DAO Power. 1 DAO = 1 DAO Power.
- DAO LP will provide 1.5x DAO Power moving forward. 1 DAO in the LP = 1.5 DAO Power.
- A 15-day lockup of DAO tokens is required, according to the new set of DAO Maker SHO & IDO participation rules.
- Nevertheless, there’s an option of skipping the lockup period by using the “Instant Upgrade” feature. By using this feature you buy DAO directly from DAO Maker and receive it 15 days later to your non-custodial wallet.
- Users that have recently purchased 2000+ DAO keeping it on their non-custodial wallets don’t need to stake it in the Vaults but are required to hold for a minimum of 15 days to be eligible for SHO participation. Otherwise, they’re not allowed to participate in DAO Maker’s SHOs.
- Any transaction to the other wallet past will reverse the holding period back to day 0.
The new DAO Maker participation system
- Tranche 0:
500–1,999 DAO “Early Adopters” — Winning Chance Multiplier 1x
- Tranche 1:
2,000–3,999 DAO “Entry Tranche” — Winning Chance Multiplier 4.67x
- Tranche 2:
4,000–9,999 DAO — Winning Chance Multiplier 9.76x
- Tranche 3:
10,000+ DAO — Winning Chance Multiplier 26x
- Tranche 4:
25,000+ DAO — Winning Chance Multiplier 69.5x
- Tranche 5:
50,000+ DAO — Winning Chance Multiplier 149x
The more you stake, the more chances you have to win a tokensale ticket. The new DAO Maker’s Transparent Lottery features the Multi-Allocation System, Priority System and Venture Yields for all Holders of min. 2,000 $DAO. Read more about these features here.
The Individual Cap for $CHTX SHO: $250+ (one winning ticket is worth $250 in $CHTX; a user can win multiple tickets)
*This is applicable only for $CHTX SHO
Total Raise for $CHTX SHO: $200,000
Token Price: $0.025
Tranche 0 has a winning chance of 1, meaning that Tranche 1 has a winning chance of 4.5, Tranche 2 has a winning chance of 9.5, and so on…
By winning an allocation, one’s winning chance gets reset to 1 for the next SHO.
How to contribute to the $CHTX SHO by winning the allocation?
To invest in $CHTX on the incoming DAO Maker SHO Round, you will need to follow a few easy steps:
1. Get a non-custodial Wallet. We strongly suggest Metamask, Exchange Wallets are not supported. You can also use Wallet Connect, but we recommend MetaMask as it’s universally accepted in the DeFi world;
2. Buy at least 2,000 DAO on an Exchange of your choice and transfer it to your Meta Mask ERC-20 Wallet;
a) You can purchase DAO on centralized exchanges (KuCoin, Gate.io), on Uniswap, or directly with a bank card (ChangeNOW, Transac — careful with the fees, though). More info on how to buy DAO.
b) When buying DAO, make sure to provide your MetaMask wallet address for the bought assets to be sent there.
3. Create a BSC wallet on Metamask, here’s a quick guide on how to do that.
4. Buy up from 250 BUSD (to cover at least one winning ticket) on an Exchange of your preference and transfer it to your Metamask BSC Wallet;
a) You can buy BUSD on Binance, a centralized exchange, or on decentralized exchanges like Uniswap for ETH and Pancake Swap for BNB.
b) When buying BUSD and DAO, make sure to provide your MetaMask wallet address for the coins to be sent there.
5. Create a DAO Maker account or log in to your existing one;
7. First, connect your MetaMask Ethereum Wallet to the DAO Pad Account to be able to participate in the lottery. Make sure that you hold enough DAO tokens corresponding to the target Tranche.
8. Complete the $CHTX SHO registration:
a) At 12:00 PM UTC on November 8, the registration period starts.
b) You will notice that the $CHTX SHO status on the main page changed to “Registration Open”. Click on “Research and Participate”. Then, on the project page, click on Participate and accept the SHO terms and conditions. If you have at least 2000 DAO on your connected wallet, you should have enough to participate. *You can use the “Instant Upgrade” to participate in the SHO without the lockup period;
c) Once you’re done, proceed with the next steps.
9. Wait for the SHO results and hope for the best 🤞!
10. By winning a ticket or a couple, complete a BUSD transaction from the BSC Wallet on DAO Maker:
a) First, you will need to complete a small transaction that will be sent back to you (approx $1).
b) By verifying your wallet, you will need to pay according to your prize (one Winning Ticket is $250 worth of $CHTX.
11. Receive your $CHTX to your MetaMask Wallet!!!
If you win a $CHTX allocation on DAO Pad and utilize it to buy tokens, you will receive the bought amount in portions, 15% in a while after IDO, and then once a quarter throughout the 19-month vesting period. See Token Distribution for details.
The winners will be granted 12 hours to make a transaction in BUSD on the BSC chain. Those who have missed their chance to transfer funds during the given 12 hours will be added to the Venture Yield Pot.
By winning lottery tickets, users still have to continue holding their DAO throughout the vesting period. Users that sell the DAO tokens after the tokensale will not receive the remaining assets during the vesting period.
Selling DAO below your Tranche before the end of the 4 years vesting period means losing the remaining tokens.
The tokens will be distributed among the remaining Strong Holders from the Venture Yield Pot.
What is a Venture Yield Pot?
20% of all allocations will be used as staking rewards for all participants holding over 2000 DAO. The distribution process is undisclosed as of yet. DAO Maker will announce the specifics for the Twenty Percent of all allocations will be. The exact process of how funds are distributed and in what form will be announced next week. We are currently working on the simulation model.
Stay up to date with our and DAO Maker’s news stream, the stated rules are subject to change. Good luck with the incoming tokensale!
Boost your chances of getting an allocation by participating in the Community Round ($5000 $CHTX allocation prize pool distributed across the 50 winners).
COMMUNITY ROUND: https://chatex.typeform.com/community-round
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