ZENDIT Review: Participation in IDO, Tiers and Launchpad Requirements
What Is ZENDIT?
ZENDIT Launchpad is a launchpad launched by MANTRA DAO for new and promising DeFi projects.
Every new project launched on ZENDIT is carefully curated by the MANTRA DAO Board. It is also internally vetted before approval to allow only the best projects that meet the security requirements to be launched.
Projects launching their tokens on ZENDIT must provide clear solutions, have transparent development goals. They must be supported by diligent teams that will participate in the AMA.
Should I choose ZENDIT?
The list of requirements that projects must meet in order to launch on ZENDIT Launchpad is exhaustive. Sherpas can thus count on ZENDIT as a reliable resource for early investment in token projects with a realistic chance of success.
Prospective projects in the crypto space are given the opportunity to distribute tokens in both private and public pools. MANTRA DAO partners with many fast-growing crypto projects.
How Does ZENDIT Work?
ZENDIT provides projects with the option to use a Dutch auction in addition to the standard fixed swap pools.
Prospective projects in the cryptocurrency space have the choice of launching their tokens into private and/or public pools.
This ensures that in a safe, secure and sustainable way, the Sherpa community participates in the project.
Not all projects are the same, so the allocation of tokens on the ZENDIT Launchpad will be distributed accordingly, from project to project. This will increase the number of Sherpa. They can access the tokens at the time of project launch, regardless of how many tokens the project allocates.
ZENDIT Statistics and Performance
According to statistics from cryptorank.io, ZENDIT ranks 17 among similar platforms. To date, ZENDIT has raised $6.51 million in investment, with an average ROI of 20.12x.
This demonstrates the confidence with blockchain start-ups are launching their tokens on ZENDIT, and Ensuring transparency of the number of tokens offered at launch. Given this fact, PZENDIT is really worth a look.
The results of recent IDOs held at ZENDIT are shown in the following image.
What do you need to Participate in IDO on ZENDIT?
Let's look at the step-by-step process for participating in IDO.
Step 1: Go to your Ethereum Metamask wallet and click on "Zendit"
Step 2: Click on the desired pool to access the pool interface
Step 3: Click "Pre-Approve" to pre-prepare your wallet for IDO participation.
Step 4: Confirm citizenship, and pay a certain amount of gas fee.
Step 5: Once confirmed, click "Join the pool".
Step 6: Choose the amount with which you want to participate in IDO
Step 7: After filling in the amount, click on "Confirm purchase" to continue.
Step 8: Once again confirm your purchase amount and once again check that you have filled in the correct amount.
Step 9: After paying the TX fee and confirming the transaction on your Metamask wallet, you have completed your IDO purchase!
Step 10: Go to the pool interface to check your IDO participation status.
How to get Whitelisted on ZENDIT IDO: Tiers Rules
Requirements for the level of participation are determined for each project separately. Participation requirements are announced before the project launch.
Not all projects are the same, so allocation of tokens on ZENDIT is done accordingly, from project to project. This increases the number of Sherpa who can access the tokens at the time of project launch. And it does not matter how many tokens the project allocates at the launch site.
Each project has its own targets, token launch amounts. In order to have a broad diversity of projects, the allocation amounts are adjusted to the tiers. This enables more members of the Sherpa Community to participate in the launch of projects with smaller funding amounts.
How this happens:
All Sherpa get access to the newest and most promising top tier tokens. And if you have a Sherpa with high scores, then you have the opportunity to move up to higher levels than others.
Selected wallets will be whitelisted, pools will be open until they are full or until the pool opening deadline expires.
For each offer, certain ZENDIT levels may be based on ownership of certain NFTs.
Tiers of Participation
ZENDIT tiers will allow Sherpas who qualify for each project to qualify for the highest participation tier for which they qualify, depending on their wallet. Let's see the distribution in the next review.
Participation Levels for ZENDIT from Highest to Lowest are:
Tier 0 was created at the request of the community. This level ensures that Sherpas who choose to participate in the ZENDIT IDO Launchpad will actually get access to the tokens. As the distribution of Level 0 tokens will be divided by the number of participants.
Sherpas will be eligible to participate in the highest level of participation for which they are eligible, based on each wallet. One wallet can only participate in one Sherpa participation level and will also automatically be able to participate in the public level if it qualifies.
ZENDIT takes its activities seriously, as evidenced by the detailed documentation. It can be found at this link.
The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.
Is ZENDIT available in the UK?
ZENDIT is not a scam, the site is legal and available in the UK.
Is ZENDIT Safe?
ZENDIT Launchpad takes the security of its project seriously, it has earned an excellent reputation for transparency and cooperation in the quest to build a sustainable platform.
How do I participate in ZENDIT?
To participate in IDO on ZENDIT, the user first needs to purchase the right number of tokens and choose the right level to participate in IDO.
Project level requirements are determined on a project-by-project basis. And the requirements for the participants are officially announced each time before the project is launched.
ZENDIT offers numerous advantages. The platform ensures transparency of the number of tokens offered at launch. It also neutralises the artificial overpricing of tokens. The aim is to create value at every level of the ecosystem. This gives users plenty of opportunities to re-direct data revenues into the ecosystem and earn even more.
ZENDIT Rating Summary
We have analyzed the main advantages and disadvantages of ZENDIT based on 3 important parameters for choosing IDO:
- Trustworthy (we made an independent research based on Trustpilot reviews and other independent sources on the internet).
- Our usability tests and experts researches.
- Analysis of token value, capitalization and value forecasts for the year by analysts.
Based on all this data, an independent rating was compiled
You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.