These are exciting times, and the $BURP** Pre-IDO launch through Genesis Shards is only adding to the excitement.
Who are Genesis Shards?
Initial DEX Offerings (IDOs) have become a popular method for virtual currency firms to distribute their digital assets across decentralised exchanges (DEXs).
Genesis Shards is a platform that facilitates Pre-IDOs which has become a popular way for new crypto projects to distribute and raise capital. Through the Pre-IDO stage, a lack of liquidity in the absence of being able to trade makes for a two-pronged problem and Genesis Shards has created a platform to resolve that.
Genesis Shards is the first marketplace for pre-IDO tokens on NFTs, and essentially they are using NFTs as a vehicle of utility as opposed to a collectible. Now, Pre-IDO liquidity is provided by GenTicket NFTs via GenPad, the platform’s one-stop launchpad platform where platforms can also gain access to a community of projects and partners.
Though, this barely scratches the surface of what they do, so do check in to the Genesis Shards blog below to find out more:
Pre-IDO Date and Time
Date: Whitelist opens on July 7th 2021
How to Access the Pre-IDO
Link to detailed article . Summary of steps is outlined below -
The whitelist draw for the pre-IDO launch will be open to two categories of investors
- GenAccess Club members ( Eligible $GS holders )
In order to get priority access for the Pre-IDO, you’ll need to sign up for Gen Access Club, a gateway into Pre-IDO launch opportunities. ( Note that participation is also possible without Access Club membership — though this will have lower allocation & odds ).
Here’s how you get involved:
- Firstly, you are required to hold Genesis Shards’ native crypto $GS in your wallet which you can buy here. Access to these tiers depends on how many $GS tokens your hold (more info here).
- Next, connect an ETH wallet such as MetaMask with the GenShards app here. When you have done so, you’ll need to register your Telegram ID with this wallet, all of which is explained in detail here.
- Finally, open up the @genshards_bot on Telegram, and type /help in the chat, then type: /verify (space) and copy your ETH wallet address.
Voila! You’re in the Gen Access Club and will get priority access in the Pre-IDO!
2. Non-Access Club members (Open Community)
25% of the launch allocation will be for the open community who are not Gen Access Club members. This would have lower odds of getting a spot (less # slots, much higher # applicants ).
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** The above tokens are issued by Cede Fields LTD (a company incorporated in the British Virgin Islands) and distributed by Kucoin and Gate.io.
Cryptocurrencies are generally not regulated and investors do not have access to recourse or compensation schemes such as, for example, in the UK, the Financial Ombudsman Service or the Financial Services Compensation Scheme. Investing in cryptocurrencies can be high risk and investors should carefully evaluate their appetite for risk and their understanding of trading cryptocurrencies prior to entering into a transaction.