Members of the Photochromic community are getting set for the Photochromic IDO, which is set to hold today at 8 AM PST/ 3 PM UTC on CardStarter, a Cardano-based launchpad. Community members participated hugely during the whitelisting process and gave an overwhelming response.
Here’s a recap of the moments leading to the IDO.
IDO registration process
On November 8th, at 8 a.m. PST/3 p.m. UTC, the registration process for IDO on PhotoChromic began. Users could register for the 96-hour window that ran from November 8th at 8 a.m. PST/3 p.m. UTC until November 11th at 8 a.m. PST/ 3 p.m. UTC.
Users were mandated to complete the following steps in order to register:
First, they had to stake a certain number of CARDS tokens to be eligible. Before engaging in the IDO with Fractal, PhotoChromic needed users to complete KYCThe user had to register for the IDO On http://pools.cardstarter.io/
Cardstarter provided the whitelisted addresses that satisfied the criteria needed ahead of the IDO after all of the stages were completed, and the registration window had closed.
How to participate in the IDO
The whitelisted wallet holders are to note the following :
Date of IDO: November 15th, 2021
Time of IDO: 8 AM PST/ 3 PM UTC
Duration: 24 Hours
Also, users should note that the PhotoChromic IDO has a $405,000 IDO pool with a $0.00045 IDO value. Furthermore, all whitelisted users can participate in IDO from the start by going to pools.cardstarter.io.
What this means for Photochromic
Photochromic has emerged as one of the top crypto projects expected to launch. Its offerings have been described as one of a kind, but the IDO has a huge role to play in how much success the platform is to expect.
Photochromic hopes to use this IDO to acquire startup funds and raise knowledge about its project and services within the flourishing crypto community.
The entire quantity of the project is 15 billion tokens, of which 21% will be sold in the Private Sale and IDO. It’s an Ethereum-based ERC-20 token that runs on the Ethereum blockchain.
The most adaptive use case is the ability of the platform’s token to connect a user’s identity to assets such as artworks, valuables, and records, which are used all over the world.
Also, Identity NFT token holders have complete control over the protocol and have the ability to attach their identities to both digital and physical assets.
The ultimate purpose of PhotoChromic is to empower a variety of industries that require increased identity verification by aiding them in the implementation of Web3 for better accessibility to safe services and goods. This IDO will also be used by PhotoChromic and CardStarter to promote the broad adoption of cryptocurrencies and blockchain technologies.