This article will offer complete guide on how to participate in SundaeSwap ISO. There are several other questions that will be answered regarding SundaeSwap ISO. Below are the questions;
- How do I get SundaeSwap?
- Is SundaeSwap open source?
- How can I participate in SundaeSwap ISO?
- How to get SundaeSwap
- SundaeSwap price
- SundaeSwap release date
Just before we go into details, let us first explain what SundaeSwap is all about.
What Is SundaeSwap?
SundaeSwap is a scalable and native decentralized exchange and also automated liquidity provision protocol on the Cardano network. The SundaeSwap DEX is a marketplace that is entirely ownerless and built for efficient transactions of cryptocurrency.
The platform has the objective of becoming the platform for future financial innovation and become a foundation fro variety of services.
SundaeSwap Release Date
SundaeSwap will be launched as a beta decentralized exchange (DEX) on 20th January, 2022. The SundaeSwap exchange will be launched on the Cardano network and the first round of ISO rewards will be calculated on 25th January.
How Do I Get SundaeSwap Token?
If you are wondering how to get SundaeSwap, beginning 18th January, projects will be allowed to create pools and SUNDAE will be acquired through three ways.
- Through participation in the ISO which will be available during Cardano epochs 316 – 320.
- Through yield farming rewards which will be open from January – June.
- Through swapping other tokens for SUNDAE on SundaeSwap and other participating decentralized exchanges.
How can I Participate in SundaeSwap ISO?
As earlier mentioned, the Sundaeswap ISO will commence on 20th January. 5% of the total SundaeSwap Tokens (SUNDAE) supply, one percent per epoch) will be distributed on the snapshots which will be taken at each epoch boundary. The SundaeSwap ISO will continue for five epochs.
You must delegate so as to participate in each ISO reward round prior to the following dates;
1st Round: 25th January (21.45 UTC)
2nd Round: 30th January (21.45 UTC)
3rd Round: 4th February (21.45 UTC)
4th Round: 9th February (21.45 UTC)
5th Round: 14th February (21.45 UTC)
Rewards will be calculated based on the epoch that has been staked. Each person must ensure to delegate to an official ISO Scooper before snapshot is taken. CHeck the list of the ISO scoopers here.
To be qualified for all the SundaeSwap ISO reward rounds, participants must stake ADA with eligible SPOs before 25th January (21:45 UTC).
Is SundaeSwap Open Source?
Yes, SundaeSwap’s protocol consists of public, free, source-available or open-source software which also includes a set of autonomous and immutable smart contracts which are deployed on the Cardano blockchain. Holders of the SundaeSwap token (SUNDAE) manage the modifications and upgrades to the protocol in a community-driven way.
The price for the SundaeSwap Token (SUNDAE) is not yet known, this will be revealed in the near future.
Ensure you keep the above listed dates in mind and visit this page as more and new information about the SundaeSwap ISO will be updated here.
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