$CHTX SHO on Infinity Pad: Participation Guide

4th Public Round of the $CHTX Tokensale

Dear Community,

It’s time to announce the last, 4 out of 4 Public Rounds of $CHTX Tokensale. It will take place on Infinity Pad, which is BSC’s Most Dominant Launchpad. It was launched as a joint effort by major blockchain KOLs to highlight and fund the most innovative startups on Binance Smart Chain. The date, individual cap, and other details will be announced soon.

The present article will cover all necessary steps to prepare for participation in the Chatex SHO on Infinity Pad. We issue the following guidelines to describe every step of the participation process in detail.

TL;DR
■ Register for an account
■ Complete the KYC
■ Stake IPAD or IPAD LP
■ Participate when SHO opens

We advise you to follow event timelines, allocation amounts, and the minimum amount of required $IPAD directly on Infinity Pad. The most important updates will be announced via our official Twitter account and Telegram Channel.

1. Register Account

Go to https://infinitypad.com to log in or register to your account

NOTE: Account credentials from DAO Maker can be used on Infinity PAD. Simply use the same login information.

2. Connect Wallet

Connect your wallet that you would like to participate with. You can choose from Metamask or Wallet Connect.

3. KYC

Pass your KYC check in order to register for any sale. You will need to complete your KYC before in order to be able to register for all Infinity Pad’s upcoming events. This has to be done once.

NOTE that if you have already completed KYC with DAO Maker, the above step should be disregarded.

For KYC purposes we are checking with your government-issued valid ID and proof of residence.

Access this link to check how to pass KYC on the platform

Here you can find the full list of countries currently allowed for participation on INFINITY PAD. Residents of the countries that are not on the list will not be able to pass KYC.

There are 3 documents that can be used for ID verification — Passport, National ID Card, or Driving License. Certain citizens are not allowed to pass KYC with either ID or a Driving License. In this case, you will need to have a Passport for verification, which is the most secure way to go about this. Please check with the current list of allowed countries and the documents that have to be used by its residents in order to pass KYC

4. Staking

Staking is an essential part to perform before registering for the sale. The staking process is now complemented by the IPAD Power system (henceforth we will call it iPower), which allows you to decide how much you would want to stake for each particular SHO and that will put you to the specific tier with varying chances of winning the allocation. This is the same as in DAO Maker.

Make sure to have IPAD tokens in your wallet.

In order to stake your IPAD and get your iPower, proceed to the IPAD Vaults tab as usual and stake either IPAD or IPAD LP tokens.

In order to participate in every Sale, you will need to stake at least 25,000 IPAD in the vault. This will grant you exactly 25,000 iPower. Some sales with higher amounts of personal allocations will require more IPAD to be staked. While registering for the sale, you will always see what is the minimum amount of IPAD to be staked. If you do have not enough, you can always come back and stake more IPAD.

Once you have staked your IPAD you will see your iPower in your Portfolio section

In order to participate in a SHO, you need to allocate your available iPower. The more iPower you allocate on the particular SHO, the higher your chance to win an allocation (more iPower equals higher lottery Tranche).

1 Staked IPAD = 1 iPower.

IPAD LP token deposited in the Vault count as 3x the iPower.

-Participation Tiers-

Tier 5:

staking 25 000–50 000 $IPAD

Tier 4:

staking 50 000–100 000 $IPAD

Tier 3:

staking 100 000–200 000 $IPAD

Tier 2:

staking 200 000- 300 000 $IPAD

Tier 1:

staking 300 000 + $IPAD

Each Tranche will get a certain number of participants. Once the registrations for the event are closed, the Infinity Pad system will run a lottery in each tier, and participants in each Tranche will have a certain amount of chance to be picked. People in the upper Tranches will get a higher chance to win the allocation.

The chances will be linearly adjusted and will depend on the final number of participants and available allocation spots.

Click on research and participate and spend some time researching the project before investing in it.

Click on the participate button that will be available once registrations are open.

You will get to the checking page and be able to see if you comply with all steps before it will let you in for registration.

Make sure you’ve completed all the steps.

  • You’re logged in
  • Your wallet is connected to the platform
  • You have completed KYC
  • You have enough IPAD Staked
  • You have enough iPower

If you haven’t, you will be notified and then once all steps are completed you will be able to participate in the SHO.

Once your wallet scan is complete you can proceed to sign the Terms & Conditions (SAFT).

The next step will be to allocate the iPower towards the sale.

Note: Infinity Pad’s Priority System will be implemented, starting with Chatex SHO.

5. Results

Once the registration for Chatex SHO is closed, the winners extraction process starts and runs for 3 to 6 hours. By then, winners will be displayed on the Infinity Pad platform and contacted via email.

6. Funding

In case you win, your spent iPower will be locked for 10 days until you can use it again, so we advise you to spend your iPower wisely in case you would like to participate in several events.
After winning the SHO, users have 12 hours to contribute their BUSD. This step will be performed via InfinityPAD.com

In case of loss, your iPower will be returned immediately.

Good luck!

Finally…

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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