Derived is a leading multi-chain trading platform for synthetics. It launched its initial dex offering (IDO), on Poolz on October 13. Poolz, a cross-chain IDO platform that is decentralized and open to all crypto projects, aims to make it easier for them to raise capital before they list their tokens. According to an initial announcement, prospective investors can participate in Derived’s IDO by joining the whitelist via Binance Smart Chain (BSC) wallets.
The Derived IDO will be a massive step in the project’s journey towards launching a multi-chain synthetics trading platform. The platform allows users to trade digital and synthetic assets including stocks, commodities, forex, and foreign currencies. In addition, Derived’s ecosystem features advanced trading tools and instruments such as leveraged minting, hybrid assets, binary options, multiple currencies and unlimited liquidity of assets.
IDO Derived Launch
Derived is launching a dual IDO. The other will be located on OccamRazer’s launchpad. Derived has laid out a few guidelines for interested investors regarding the IDO hosted on Poolz. Prospects will first need to buy at least 250 tokens of Poolz to be eligible for the IDO.
The second step is to connect one’s wallet with the Poolz website and lock the tokens for a specific period as long as it is above 7 days. To confirm whitelisting transactions, users can use BSC wallets. Derived’s whitelist IDO winners will be eligible to purchase the IDO token, after which it will be automatically airdropped. If the tokens do not appear in their wallets, you can manually claim them.
The IDO’s lottery system will be used to select the winners. Each 250 poolz token represents a single ticket. Prospects that buy more Poolz tokens have a greater chance of becoming IDO whitelist winners. Additionally, IDO and Pre IDO allocations will be given to the 100 top Poolz token holders. The Poolz leaderboard will be used by Derived to show the ranks. Participants can keep track of their progress daily.
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