iTrust is the latest project to use SushiSwap’s MISO launchpad. This exchange’s Initial DEX Offering (IDO) will take place on MISO. According to the iTrust Finance announcement, the IDO will happen on June 23rd, 2021. The decentralized exchange has been under development for about six months and is now ready to be launched for the public.
The First Customers for MISO
SushiSwap launched the MISO launchpad a few weeks before. The new platform is here to help dApps launch faster and with fewer costs using SushiSwap’s infrastructure. It creates lots of opportunities for small teams and projects that aim to access a bigger user base using a founded infrastructure like SushiSwap. iTrust International is one of the first teams that want to leverage the benefits of the MISO launchpad on SushiSwap.
iTrust plans to hold an IDO on June 23rd. The IDO happens after six months that the team has been busy developing and improving the decentralized exchange and is now ready to launch it publicly. The latest announcement from iTrust focuses on the details of applying for the IDO. It will happen on June 23rd at 2 PM UTC.
There will 200,000 tokens for sale in this IDO, and each investor can only invest $300. The initial price for iTrust IDO is $0.75 per token. iTrust will initially accept 600 people in an evaluating process, but only 500 allocations will be ready for IDO. iTrust says it happens because not all whitelisted investors can take up their allocations. It occasionally happens in all IDOs.
There are different auction types available on the MISO launchpad. iTrust will run its IDO on a First Come First Serve basis. It will be a Crowdsale Auction Type on MISO. iTrust will publish more details about the upcoming DEX. Whitepaper, tokenomics, investors, partners, and roadmap will be published soon.
As mentioned above, interested users should first apply for a whitelist of investors for iTrust IDO. The announcement says:
“Apply to Join the Whitelist. Ultimately, 600 participants will be chosen to have a place on the whitelist, guaranteeing them a chance to buy up to a $300 allocation at the IDO. The IDO will be oversubscribed as there will be 500 x $300 allocations available for the 600 whitelisted participants to purchase on a first-come, first-served basis. This means whitelisted participants are not all guaranteed an allocation as some will indeed miss out.”
The requirements for applying the whitelist aren’t complex. It only needs following iTrust on social media and filling a form for a kind of KYC process.
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