BLOCK token sale — everything you need to know
The BLOCK token is the native Blockasset ecosystem token and will officially launch on December 9 2021.
This article will outline everything you need to know about the token and the token launch.
Token Utility
Token Metrics & Vesting
Roadmap
Ecosystem Features
Investors & Advisors
TBA; check out our socials for updates over the next week!
Previous rounds
Seed:
- 2.1% of supply
- 6,808,511 BLOCK tokens
- Sold at $0.047
- Vesting: 20% released every 3 months from month 13
Seed was allocated to our initial investors who funded the project in our early start-up phase.
Private Round 1
- 9% of supply
- 28,736,617 BLOCK tokens
- Sold at $0.078
- Vesting: 20% TGE, 10% every 3 months from month 4
Private Round 1 was allocated to early community members and key investors & advisors.
How to participate
Seed and Private round 1 have passed but there are still opportunities to participate in the BLOCK token sale, including two public sale opportunities and a round for Legends NFT holders, we call this Private Round 2, more below.
Public Sale: DAO Maker
We have teamed up with DAO Maker, the worlds largest and greatest launchpad for a BLOCK token public sale.
DAO Maker brings an incredible amount of experience and support and will continue to support the project long after the public sale is over.
DAO Maker boasts an incredible community of DAO token holders who are well known for supporting new projects that release tokens with DAO Maker.
DAO Maker is an ETH based platform, Blockasset will mint all BLOCK tokens on the Solana blockchain as SPL tokens and bridge the required amount of tokens over the ETH for the DAO Maker public SHO sale.
Some Private Sale round 1 participants have asked why the public round has the same price and vesting as Private Sale 1 who are early backers; the allocation size for the public sale is much smaller than Private Sale 1, plus it’s very difficult to obtain an allocation due to the small allocation and the large number of DAO Maker token holders who will participate.
Private Sale 1: Guaranteed allocation, high allocation
Public Sales: No guarantee of allocation, low allocation
DAO Maker and Solanium will provide an incredible amount of support and marketing for Blockasset, before, during and after token launch, as such we are happy to offer their participants the $0.078 token price as it benefits the project long term.
DAO Maker SHO
- Start: 7th of December 12:00 UTC
- Finish: 8th of December 12:00 UTC
- 0.44% of supply
- 1,410,256 BLOCK tokens
- Sold at $0.078
- Platform Raise: $110,000
- Distribution: 9th of December 13:00 UTC (20% of tokens as per vesting)
- Vesting: 20% TGE, 10% every 3 months from month 4
- Max allocation per person: TBA
How to participate:
A few days before the BLOCK token SHO (Strong Holder Offering), detailed guidelines are released on the official DAO Maker blog and announced on the official telegram group.
To participate in the SHO you have to meet the following requirements:
- Create an account on the DAO Pad platform and pass KYC
- Purchase the DAO tokens and connect your wallet to daomaker.com
- Stake minimum 2000 DAO Tokens OR Hold LP (DAO/USDC)
- Register to the SHO page using the address of the wallet that is used for staking.
Due to legal reasons, some Countries are restricted and won’t be able to participate in the sales.
To join DAO Maker Sales users are required to stake a minimum of 2000 DAO tokens in the Venture Yield Staking Contracts. In order to receive all vested tokens users are required to retain their Stake for the whole duration of the vesting period. Users have 72 hours to retake their tokens in case they want to change or prolong their staking duration without losing their vested allocations. More about this is in the Strong Holder Requirements section below.
Depending on the amount of DAO staked — users fall into one of 5 Tier. Higher Tier means higher winning chance and more allocations of BLOCK tokens.
Tier requirements:
Tier 1–2,000 DAO
Tier 2–4,000 DAO
Tier 3–10,000 DAO
Tier 4–25,000 DAO
Tier 5–50,000 DAO
See DAO Maker support page for further info on the DAO Maker SHO process.
Public Sale: Solanium
Solanium will act as Blockassets only Solana based public sale launchpad for the BLOCK token.
Solanium has worked with some of the biggest Solana projects for their token launches including DeFi Land and Cryowar.
Solanium Public Sale
- Start: 3rd of December 14:00 UTC
- Finish: 3rd of December 18:00 UTC
- 0.60% of supply
- 1,923,077 BLOCK tokens
- Sold at $0.078
- Platform Raise: $150,000
- Distribution: 9th of December 13:00 UTC (20% of tokens as per vesting)
- Vesting: 20% TGE, 10% every 3 months from month 4
- Max allocation per person: TBA
How to participate:
To be eligible for the Solanium BLOCK token round you must hold SLIM tokens and enter the pool on Solanium with your SLIM tokens by 3rd December 18:00 UTC.
Entrants will be entered into a lottery which will take place 3rd December 18:00, lotto winners will then be eligible for a BLOCK token allocation, with the first tokens from the vesting period being allocated on December 9.
Further information will be released closer to sale on Solanium Twitter.
More information can be found on the Solanium product page where you can whitelist yourself for the lottery by December 3 18:00.
For information on how Solanium tiers work please read this article.
Private Round 2: Legends NFT holders
To reward our Legends NFT holders we have decided to create an extra private sale round to allow them to participate in the BLOCK token sale, with a guaranteed allocation.
You must hold a Legend or Exiled Lomu in your wallet up until December 7 2021 to be eligible for us to take a snapshot at an undisclosed date & time, NFTs listed on marketplaces will not be accepted. The snapshot allows us to view all wallets that hold the NFTs, the wallets recorded at the time will then be eligible for the BLOCK token sale.
Eligible Legends holders from the snapshot will be able to purchase $100 of BLOCK from the Blockasset website per each Legend held, with no maximum allocation per person. E.G If you hold 30 Legends NFTs you will be eligible for a $3,000 BLOCK token allocation!
Tokens will be vested and released over time as per the vesting schedule below.
Legends Public Sale
- Snapshot taken by December 7 2021
- 2.5% of supply
- 8,000,000 BLOCK tokens
- Sold at $0.125
- Raise: Max $1,000,000
- Distribution: 9th of December 13:00 UTC (20% of tokens as per vesting)
- Vesting: 20% TGE, 10% every 3 months from month 4
- No maximum allocation per person
How to participate:
Purchase a Legend or Exiled Lomu NFT and hold in your wallet up until December 7 2021. You can purchase Legends and Lomu’s from the below marketplaces:
If you hold a Legend up until this date you will be eligible, but be quick, as the snapshot will be taken at any time between now and December 7.
Eligible wallet owners will be able to purchase $100 worth of BLOCK tokens per Legend held and recorded on the snapshot.
We will release a new Medium article after the snapshot with full details on how to purchase BLOCK tokens on our website with your eligible wallet. Please subscribe to our Medium page and follow us on socials to stay updated.
PLEASE NOTE
There is currently a vote underway to decide if Legends holders who participate in this round should lose any entitlement to their vested tokens if the Legend or Exiled Lomu NFT is sold during the vesting period. The community will vote and we will make the final decision based on the vote and community feedback.
Token Sale FAQ
Will be updated as we receive questions, please leave your comments and questions below, or as
Q: How much allocation will the Legends give me access to?
A: 1 Legend or Lomu = $100 allocation
Q: Is there an obligation for Legends holders to buy BLOCK?
A: No, you are not obliged to take part, only purchase if you choose to do so.
Q: Will KYC be required
A: No KYC is required to receive a ticket for the allocation as part of the Legends NFT allocation, KYC was required for the earlier rounds which had a greater allocation at a lower price.
Q: What is the initial market cap and initial supply of the $BLOCK token?
A: The initial market cap on the 9th December 2021 will be $1,264,466 and the initial circulating supply will be 16,211,098 BLOCK tokens.
Further details & links
Whitepaper: https://blockasset.co/whitepaper.pdf
Litepaper: https://blockasset.co/lightpaper.pdf
Socials👇
Twitter: https://twitter.com/blockassetco
Telegram chat: https://t.me/blockassetofficial/
Website: https://blockasset.co/
Discord: https://discord.gg/blockasset
