If you REJECT, we will refund the entire amount of CRO that you contributed to your Exchange balance immediately.ĥ. If you ACCEPT, we will deduct whatever CRO amount based on the discounted project token:CRO price and refund any un-used CRO to your Exchange balance immediately. Within 24 hours of the Subscription Period ending, you can either accept or reject the final allocation amount.
For a detailed explanation of how we calculate your final project token allocation, please see “ How is my final allocation calculated?” below.Ĥ. Once the Subscription Period ends, we will calculate your final allocation and any un-unused CRO. The more CRO you stake, the more project tokens you can subscribe for.ģ. Your maximum allocation in CRO will vary depending on how much CRO you have staked and how much you have traded on the Exchange. During the Subscription Period, you can subscribe to the project token by contributing CRO up to your maximum allocation. You can find the relevant information on your Dashboard when you log in.Ģ. Trading volume is calculated daily at 00:50:00 UTC. In order for you to participate, you must stake at least 5,000 CRO and trade the minimum volume required at your CRO staked level on the Exchange in the past 30 days. Details about the listed token will be published shortly before the Subscription Period starts, including the fixed discounted price of the project token on sale and the total supply of the project token that is available for subscription. What is the process for participating in new listing events / token sales?ġ. In order to participate, log in to your Exchange account and navigate to The Syndicate page. Start/end time of the listing event (“Subscription Period”)
What happens during a listing event / token sales?ĭetails will be published for each event that occurs, including: The trading volume will calculate again the next day at 00:50:00 UTC, and if you meet the volume requirement you can still subscribe before the event ends. If your trading volume does not meet the requirement for the event start time, you can still continue to trade throughout the day. The past 30-day trading volume is calculated every day at 00:50:00 UTC thus, the volume calculated on the day of a Syndicate event will be used to determine your eligibility. To avoid any delays, we advise you to satisfy the trading requirement well in advance of the subscription timelines. Trading volume is calculated daily and can take up to 1 hour to calculate at most. Not be a citizen and resident of the United States, China, or Hong Kong. Use CRO to subscribe at a 50% discount during the subscription period. Trade the minimum volume required at your CRO staked level on the Exchange in the past 30 days.* Stake at least 5,000 CRO in the Exchange account (for a step-by-step guide, click here). Successfully sign up as a Exchange user (for a step-by-step guide, click here). To participate in a Exchange Syndicate listing event / token sale, you need to: Who is eligible to participate in The Syndicate listing events / special events? To find out more, visit our blog on The Syndicate. CRO holders, those who have staked CRO in the Exchange, will receive priority token allocation for these events at a discount. The Syndicate is a fundraising platform for the most promising crypto projects to list their coins or tokens on the Exchange.
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