Gamestarter
  • Introduction
    • The Future of Web3 Gaming
    • Gamestarter Ecosystem
    • Important links
    • FAQ
  • Gamestarter Ecosystem
    • GamePad / Launchpad
      • IDO Process
      • How to Participate in IDOs
      • Protection protocol
    • GameID
    • GameSocial
    • GameHub
    • GameStore
    • GameScanAI
    • GameChain
      • Network Participants
      • Network Proofing
      • Network Validation
      • Rewards and Penalties
      • Use of Nodes
      • Cross-Chain Interoperability
      • Managed Wallet Services
      • On-Chain rewards
  • TOKEN ECONOMY
    • $GAME Token Utility
    • Tokenomics
      • Node System (25%)
      • Team (15%)
      • Advisors (6%)
      • Investors (8.75%)
      • Liquidity (10%)
      • Marketing (5%)
  • Game Node Keys
    • What is a Game Node?
      • Game Key (NFT)
      • Operating a Game Node
      • Hardware Requirements
    • Game Node Rewards
      • $GAME Rewards
      • GameChain Rewards
      • Network Fees
      • Claiming KYC requirements
    • Pricing Tiers
    • Staking
    • FAQ
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On this page
  • KYC Verifications:
  • The IDO process consists of three phases:
  • Penalties:
  • Vesting 2:
  1. Gamestarter Ecosystem
  2. GamePad / Launchpad

IDO Process

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Last updated 1 year ago

This documentation outlines the technical aspects of the enhanced IDO process, including KYC verification, IDO phases, fee allocation, penalties, and the updated vesting mechanism.

KYC Verifications:

Before engaging in any IDO rounds, participants must undergo a Know Your Customer (KYC) verification process. This process is mandatory to ensure compliance and security within the platform. Upon successful completion, participants gain access to Gamestarter's exclusive features and benefits.

The IDO process consists of three phases:

Penalties:

Staking $GAME tokens offers flexibility with the ability to unstake at any time, but penalties may apply:

Vesting2: Our vesting smart contract has had an update. Previous versions are now inactive for IDO participation and rewards. If your tokens are staked in the old contract, please unstake them using the instructions below: Unstake tokens To participate in future launches, stake your tokens in the new contract available on this page.

  • Amounts unstaked within 30 days of staking are subject to a 30% fee.

  • Joining an IDO will extend the unstake penalty period by an additional 14 days in addition to the initial 30 day period.

  • Joining more than one IDO will increase the time required to unstake. IDO vesting schedules are subject to penalties if $GAME tokens are unstaked early.

  • To secure 100% of your IDO purchase benefits, you must ensure that you stake the minimum amount of $GAME required for the private round of each IDO.

  • A 10% penalty on future vesting will apply if you unstake $GAME to a balance below the private round minimum for that IDO.

  • There is no penalty for all participating projects if you maintain a balance above the highest IDO requirement.

Vesting 2:

Our vesting smart contract has had an update. Previous versions are now inactive for IDO participation and rewards. If your tokens are staked in the old contract, please unstake them using the instructions below:

Unstake tokens to participate in future launches, stake your tokens in the new contract available on this page.