Greetings Singularitarians,
Today we are thrilled to announce the impending launch of NuNet from our very own SingularityDAO Launchpad.
Just five months ago many of you took part in our own TGE (Token Generation Event) as we spun off from SingularityNET. Since then we have brought you Staking and Liquidity Farming which have been an overwhelming success! Now it’s finally time to unveil our Launchpad as well as launch into being, our newest family member from the Singularity Ecosystem, NuNet!
The Launchpad
Since we first unveiled our plans for a launchpad many have wondered why it is such a priority and asked how this fits into SingularityDAO’s model and what makes it so important. From Day One, we have planned to build a launchpad — as referenced in our whitepaper roadmap — and after our own launch it became even more clear that we would need to step up the timeline for this feature for the benefit of the whole SingularityNET Ecosystem. It is not just the Ecosystem that benefits, however; the Launchpad will help SingularityDAO in a number of ways.
- Central hub for all future Ecosystem launches
Our Launchpad will host all upcoming SingularityNET Ecosystem TGEs. - Additional utility for the SDAO token
The launchpad will bring a new layer of utility to the SDAO token. Holding or Staking SDAO will allow users to take part in launch events. - DEEP Funding project launchpad
After gaining access to DEEP funding, some of the selected projects will require tokenization. SingularityDAO together with SingularityNET will share the experience and expertise of our amazing teams to help them in this process, and users will have access to all these launch events. - Enable our community to access the best projects
We are committed to finding a way to give everyone fair and equitable access to all projects that we launch. Expect to hear much more about our plans soon. - Bring in new users
Having a launchpad with frequent new launches will guarantee constant growth of our user base and community. - Only high quality projects
Alongside our Launchpad, SingularityDAO makes DynaSets and AI-driven tools for DeFi. This allows us to be far more selective about the quality of projects we launch, and enforce better terms of allocation for our community. - Fast track to inclusion in DynaSets
Launching from our platform will increase the chances of inclusion in a DynaSet (but will not guarantee inclusion). This helps us become the first choice of launchpad among the best upcoming projects. - Chain-agnostic
As with all things Singularity, our Launchpad will be chain agnostic. In testing it is already working on multiple chains, although of course initially we will likely only be launching ERC20 based tokens. - Additional revenue stream that goes directly back into the project and community
Having a popular launchpad will of course increase revenue to the platform. We are committed to making this offering improve SingularityDAO, and also to making sure our Launchpad provides reasonable allocations to our community.
With the upcoming launch of NuNet, we will be taking our Launchpad live for the first time. We could not be more excited about reaching this next major milestone, and we hope that you will all join us in celebrating the next step on the path to DynaSets and everything else that is SingularityDAO!
NuNet will be our first launch and should not be considered representative of the final version of the launchpad. Over the coming months we will bring you many more launches, from within the SingularityNET Ecosystem and from other interesting places. We expect every launch to have updated features and tools to improve the user experience. As always, your feedback will be much appreciated, and where appropriate incorporated into future versions. We have been, and still are, doing a lot of market research into existing crypto launchpads, and are very confident that what we have planned will be the next evolution in what began as ‘the ICO’ many years ago. This will not happen overnight, so expect a lot more information, news and amazing features to come as we iterate.
NuNet
Of course, we would not want to announce a launchpad without something to launch, and we cannot articulate how privileged we feel to be able to present to you NuNet. Many of you will already be well aware of NuNet and how much it is going to bring to the world of decentralization. For those of you who are just joining us on the journey to the Singularity, here are a few links that may be of interest –
NuNet is a global economy of decentralized computing, letting anyone share their computing power for beneficial causes, or in exchange for cryptocurrency tokens, giving users access to a powerful global network of resources tied together by the blockchain. NuNet, part of the SingularityNET ecosystem, has recently completed the initial research and development iteration with the release of NuNet platform Private Alpha.
Closing thoughts
Hopefully you are as excited as we are for this event. Once again SingularityDAO takes another big step upon the path to decentralized financial freedom for all. We can’t wait for you to see the things we have in store for this Launchpad, not to mention the rest of the platform! Stay tuned for more updates. See you on launch day!
Take part at https://app.singularitydao.ai/
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NuNet Launch Information
The below information is taken from a similar article written by NuNet — If you would like to see the full details, including tokenomics please check it out here — NuNet Token Launch
Vesting structure
10% of distributed tokens will be immediately unlocked at the time of the NTX Utility token community distribution event. The rest will be vested in 12 equal amounts over 12 months after the event. Contributors will be able to claim their distributions according to the following vesting schedule:
KYC requirement
Participants in the token distribution are required to complete a KYC process. The KYC process opens on Oct 28 13:00 UTC, and users must complete KYC by Nov 12 13:00 UTC. Links to KYC portal and KYC Instructions will be posted here on the opening date and communicated through all our social media channels.
We are expecting a high demand for the NTX token, therefore we strongly encourage you to start the KYC process as soon as possible within the allocated time, as it may take time to collect and verify the required documents, live photos, and IDs.
Information required for signing up for KYC process:
Information to be required during KYC after sign-up:
Unfortunately, due to legal restrictions beyond our control, we cannot offer participation in the distribution event to residents or citizens of the United States of America, China, or to unaccredited UK citizens or residents of Canada.
The full list of countries that are excluded from the token distribution is: Afghanistan, Angola, Azerbaijan, Bosnia and Herzegovina, Botswana, Burundi, Cambodia, Cameroon, Canada, Chad, China, Cuba, DR Congo, Eritrea, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Laos, Liberia, Libya, Madagascar, Mozambique, Nicaragua, North Korea, Pakistan, Republic of the Congo, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United Kingdom (unaccredited), United States, United States Virgin Islands, Uzbekistan, Vanuatu, Venezuela, Yemen, and Zimbabwe.
Token holding requirement and tier allocations
In addition to the KYC requirement, in order to be eligible for contribution and distribution events, community supporters will have to prove holdings of certain amounts of either AGIX or SDAO tokens from Nov 2nd 13:00 UTC till Nov 13 13:00 UTC.
Wallets eligible for contribution:
- All types of private wallets where you hold the seed or private key (Ledger Live, Metamask, Trezor, etc.) — YES
- WalletConnect — YES
- SDAO hosted LP Pools — YES
- SDAO staking bonded* — YES
- SDAO staking unbonded* — YES
- AGIX in liquidity pools on SDAO platform (AGIX/ETH and AGIX/USDT)- YES
- AGIX staking on SingularityNET platform* — YES
* Wallets used in KYC process have to be the same as wallets used for staking
Wallets which are NOT valid for contribution
We do not support wallets that do not hold private keys.
Any wallet addresses that are not included in the above list will NOT be valid for community supporters contribution round nor allocations, including:
- Matic pools/staking/tokens — NO
- Alternative Uniswap pools (for example V3) — NO
- Smart contract wallets may not work, we advise non-custodial wallets — AT YOUR OWN RISK
AGIX holders’ tier allocations
75,000,000 NTX tokens (75% of the community supporters round) will be allocated to AGIX holders who pass KYC. The AGIX tokens must not be held on an exchange, in a multisig wallet or in a smart contract. However, tokens staked on the staking.singularitynet.io or in SingularityDAO’s official liquidity pools are eligible.
Participants holding AGIX for eligibility will be divided into the three tiers with progressively higher amounts of AGIX required and amounts of NTX available. These tiers are as follows:
The amounts available to people contributing USDT and WETH are as follows:
SDAO holders
The other 25,000,000 NTX tokens (25% of the community supporters round) will be allocated to SDAO holders holding at least 2000 SDAO in private wallets and passing KYC. The SDAO must not be held on an exchange, in a multisig wallet or in a smart contract. However, tokens held in SingularityDAO’s official LP or staking pools are eligible.
WETH and USDT contributions and related NTX distribution will be allocated to separate pools as follows:
To be eligible for this tier, participants must hold a minimum of 2000 SDAO in a private wallet during the two snapshots, and pass KYC. The allowed contribution is equivalent to 5,000 USDT. This allows them to receive up to 250,000 NTX at the rate of 50 NTX per USDT or an equivalent value of WETH.
All contributors at all tiers will be allocated 50 NTX per USDT contributed, independently of the contribution type (WETH or USDT). The conversion rate will be determined by the ETH/WETH rate displayed on Coingecko no earlier than 2 hours before the start of community supporters contribution period.
Schedule
1. KYC process for community supporters
- Start: October 28, 13:00 UTC
- Finish: November 12, 13:00 UTC
- Passing the full KYC process is required for the community supporters round.
- Community members are encouraged to get acquainted with the detailed instructions of the KYC process.
2. First snapshot for tier allocations
- November 2, 13:00 UTC (approximately)
- Establishes the amount of AGIX and SDAO tokens held by community members in their wallets to qualify them for tiers of the token distribution; see above.
3. Second snapshot for tier allocations
- November 12, 16:00 UTC (approximately);
- Establishes the amount of AGIX and SDAO tokens held by community members in their wallets to qualify them for tiers of the token distribution; see above.
4. Whitelisting for tier allocations
After the second snapshot, the launch team will run an internal whitelisting process to determine eligibility and tier allocations as explained in the Token holding requirement and tier allocations section above. The process will be done internally Nov 14, and no action is needed from community participants.
Wallets qualify for participation as follows:
- Only the wallet addresses registered as part of a successful KYC process will be allowed; this must be the same as the wallet address that controls the most AGIX or SDAO tokens.
- The tier allocations will be based on the lowest balance across the two snapshots. For example, if you have 11,000 AGIX at the time of the first snapshot, and 9,023 AGIX at the time of the second snapshot, you have not met the requirement of holding a minimum of 10,000 AGIX for both snapshots, and are not eligible for the tier holding over 10,000 AGIX, only for the lower tier holding 2,500 AGIX or over.
- You must specify during the KYC process whether you will participate using WETH or USDT; you will only be able to use the token you specified.
5. Contribution period
The contributions will be accepted on the SingularityDAO launchpad which you can find at app.singularitydao.ai and will be served on a first-come-first-served basis. The contribution period will be open for 24 hours from Nov 17, 2021, 13:00 UTC to Nov 21, 2021, 13:00 UTC, but we expect a high demand therefore all pools may be filled in a matter of hours, so we encourage you to be as prompt as possible.
6. NTX Utility token distribution event
Community supporters will be able to claim their NTX tokens from the SingularityDAO launchpad from Nov 26 13:00 UTC.
Summary of NTX token launch schedule
KYC instructions
The KYC instructions will be provided publicly and added here before KYC goes live.
Warning and support
Be wary of scammers impersonating official NuNet or other ecosystem representatives to trick you into sending tokens to the wrong address. Our official sources are this blog, our website, Twitter, Telegram, and Youtube. Do not trust people reaching out to you claiming to be from NuNet. You can find a full list of official Singularitynet ecosystem telegram admins here.
