ChainGPT LaunchPad F. You asked, We answered.
16 Jun 2023, 11:00
❓ChainGPT LaunchPad F.A.Q’s
ℹ️ You asked, We answered!
Here are 9 of the most commonly asked questions by the $CGPT community about the ChainGPT Pad.
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🙋♂️User-Side F.A.Q’s 👇
1️⃣ What is the ChainGPT Launchpad?
A platform for incubating promising projects that are looking to introduce a token into their systems and launch them via IDOs.
2️⃣ What is an IDO?
IDO stands for Initial DEX Offering. It is a method of public fundraising that pools capital from retail users by utilizing a decentralized platform as the venue for facilitating transactions.
3️⃣ What is CrowdFunding / Private Sale?
The crowdfunding/private sale is a very early round of fundraising that takes place right before an IDO. Typically just a day or so before an IDO launch. These rounds tend to offer superior rates but also incur prolonged vesting periods.
4️⃣ What is FCFS or First Comes First Serve?
FCFS refers to the round of fundraising that becomes available to the public after a guaranteed round. As the name suggests, FCFS rounds are based on timing, supplies are sold off based on user order arrival.
5️⃣ Can I stake into multiple Pools and still acquire points?
Yes. If you wish to split up your $CGPT stake across different pools, then the Launchpad will simply calculate your point based on their individual placements.
6️⃣ Can I participate in IDOs right after purchasing $CGPT?
Almost, two more actions required.
First, once $CGPT is acquired, users must make sure to have enough tier points for inclusion, if yes, then simply staking their tokens.
Second, pass KYC 👉http://url.chaingpt.org/kyc
7️⃣ What is the absolute minimum number of $CGPT that must be staked in order to acquire a Tier status?
The entry level tier, Bronze, requires 2,000 points. Based on the maximum multiplier of 2x for the 365 day staking pool, the minimal number of tokens require is 1,000 $CGPT.
8️⃣ How are Tier Points calculated?
Tier points are calculated based on two factors; the number of tokens staked and the duration of the staking pool they are allocated to. 1 CGPT token staked equals 1 point, times (x) the multiplier of the staking pool. [Learn more about our Fair Tier System]
9️⃣ Is there a refund policy?
Yes. Every IDO launch will have a “refund grace period” lasting 7–14 days on average that allows users extra time to evaluate their decisions before finalizing the commitments. [Learn more about our Refund Policy]
🌟 Still Have Questions? please refer to our official FAQ Post for more answers to popular questions 👉