IDO

Aura Network x Impossible Finance: vIDIA Bonus Allocation

Recently, Impossible Finance has introduced vIDIA and announced a special round of vIDIA Bonus Staking Allocation with Aura Network.

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1. About Impossible Finance

Impossible Finance is the go-to crypto investment platform that empowers crypto-enthusiasts with high-quality, fair and accessible crypto opportunities. The platform simplifies DeFi so users can enjoy fairer investing, cheaper trading and better yields through our accelerator, launchpad, and swap platform.

Recently, Impossible Finance has introduced vIDIA and announced a special round of vIDIA Bonus Staking Allocation with Aura Network. There are 3 highlight points of vIDIA, can be listed as follows:

  • Improving the stability of IDIA before, during, and after staking periods
  • Increasing available token types for staking
  • Motivating IDIA holders and IDIA liquidity providers

There is US$65,000 of Launchpad Allocation for AURA tokens exclusively for vIDIA staking to reward the amazing community members subject to local rules and regulations.

2. Subscription Timeline:

2.1. KYC Preparation Period: Rolling ongoing basis. Users can submit their information and pass KYC anytime during the entire IDO timeline. Only users that have completed KYC & are from accepted countries will be able to participate in this sale.

2.2. Staking Period: 19/07/2022 02:00 PM (UTC) to 26/07/2022 10:00 AM (UTC).

After completing KYC, stake vIDIA into Impossible’s Launchpad staking contract which will record user’s staked vIDIA balances. User’s vIDIA balance will be captured onchain, and allocation is calculated based on the amount staked and the length of time staked relative to all participating users.

2.3. Purchase Period: 26/07/2022 02:00 PM (UTC) to 27/07/2022 10:00 AM (UTC).

Subscription will open at this time for all eligible users for approximately 24 hours depending on BSC block times. Users may elect to purchase any amount of AURA up to the allocation derived from the staking period.

2.4. Claiming Period: No earlier than 28/07/2022.

Exact timing and details to be confirmed by Aura Network closer to the time. Users will be able to claim their AURA tokens on the Impossible Launchpad.

3. Aura Network Token Sale Details:

  • Token Ticker: AURA
  • Launchpad Sale Hard Cap: USD 815,000 (split into multiple pools)
    - Standard pool: 390,000 (60%)
    - Unlimited pool: 260,000 (40%)
    - vIDIA Bonus staking pool: 65,000
    - Whitelist allocation: 100,000
  • Token Vesting: 100% distributed on day 1
  • Buy-back Protection Program: ~30% downside protection from public sale price (details to be announced later)
  • Day 1 Circulating Market Cap: TBD
  • Total Token Supply (“TTS”): 1,000,000,000 AURA
  • TTS Allocated to Impossible Launchpad: ~1.23%
  • Public Sale Token Price: 1 AURA = 0.065 BUSD
  • Listing Price: US$0.065
  • Valuation: US$65,000,000
  • Token Sale Format: Staking Subscription
  • Sector: NFT
  • Supported Staking Tracks: IDIA & vIDIA staking only
  • KYC requirements: Residents from countries or regions such as US, Mainland China, and UN-sanctioned countries are excluded from participating

4. Launchpad Pools (Sale cards)

For Aura Network AURA IDO, we will be having 3 sale cards to cater to different users:

  • Standard Sale: Stake limit — Users can stake a maximum of 10,000 IDIA tokens at any one time as consideration for allocation. The maximum AURA a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
  • Unlimited Sale: No stake limit — Users can stake any amount of IDIA at any time as consideration for allocation. The maximum AURA a user is able to purchase is capped at the user’s allocation which is calculated after the staking period.
  • vIDIA Allocation Sale: Users can stake a maximum of 100,000 vIDIA tokens at any one time as consideration for allocation.. The maximum AURA a user is able to purchase is capped at the user’s allocation which is calculated after the staking period. Vest your IDIA here
  • Whitelist Allocation Sales: Users can participate in our upcoming whitelist marketing campaigns and complete community-oriented tasks to stand a chance and win guaranteed AURA allocation. Stay tuned to the Impossible Finance and Aura Network social media channels and for more details!

5. About Aura Network

Aura Network is a scalable, agile and effortless Layer-1 blockchain with a comprehensive ecosystem built to accelerate global NFTs adoption. Aura Network focuses on solving the problem of adopting NFTs and blockchain technology in general, which is currently a highly complex process.

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