Catex IDO
Catex( $CATX)
$CATX
Token:- Token Type IDO
- Token Price 0.1
- Total Token 100,000,000
- Tokens for Sale 10,125,000
- % of Supply 10.13%
- Contract Address Ethereum
- Fundraising Goal 1,012,500
- Soft Cap TBA
- Hard Cap TBA
- Personal Cap TBA
- Restricted Countries Other
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Website
Catex
( $CATX)
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White Paper:
Catex White Paper
- Social Media
- Category Trading
- Currency USDT
About Catex Project
Catex IDO: A Fair Start for Every Crypto Investor
The Catex IDO represents a new model for users to purchase tokens prior to listing on an exchange. “IDO” stands for Initial DEX Offering, and it happens on a decentralized exchange. This offers users worldwide the possibility of participating.
Catex is making IDO accessible and fair. They’ve created a unique NFT which is known as CATEX-0. If you receive one, then you are whitelisted. Whitelisting provides you with an opportunity to purchase the token first compared to others. It’s a token of appreciation since you’re an early supporter.
How Catex IDO Will Help the Crypto Space
Catex IDO is also fair to the crypto world. Such huge token sales in the past have always favored giving early access to large players. But not Catex. Anyone who owns CATEX-0 NFT is eligible to be a part of the token sale.
This encourages more individuals into the crypto universe. It also creates a solid community. Individuals feel more united and valued when they are able to get in sooner. It also instills trust since everything that occurs takes place on the blockchain, and individuals can observe what is occurring.
Catex IDO Roadmap
The Catex IDO project has an exit plan:
- NFT Minting
In May, they made it possible for users to mint an NFT of CATEX-0 for free. Users had to pay only the gas fee. - Whitelist Access
The person who received the NFT was whitelisted. This meant that they got to join the IDO ahead of others. - IDO Launch
Mid-May was when the IDO took place. Whitelisted users could then purchase tokens. - Token Drop
In late May to mid, the individuals who subscribed to the IDO got rewarded with tokens. They also received reward bonuses in the form of veCATX tokens.
The roadmap here is not so long but extremely brief. It is evidence that Catex did have a plan and executed it.
Catex IDO Whitepaper
Catex IDO whitepaper tells us everything there is to know about how the system functions. It details how the veCATX token is to be used. It also informs us how rewards are distributed, how individuals vote in the system, and how they may benefit from possessing tokens.
The entire Catex IDO team is not disclosed on the site. But we can observe that the team is crypto and DeFi aware. They have constructed a functional platform and conducted a fair IDO.
They constructed a bespoke NFT campaign too. That is tech and planning aware. Although we do not know names or images of the team, the campaign and platform appear to be well-constructed and stable.
It would be nice to have more team information in the future for transparency.
Catex IDO Funding Details
The Catex IDO was funded for approximately $150,000, in USDT (a stablecoin). This funds to provide liquidity setup. That is to say after selling, individuals can buy and sell freely the token without spikes in price.
There were also funds reserved by the team for two airdrops:
- A minimum reward of $5,000 in veCATX to all NFT holders.
- 15,000 veCATX bonus incentive for IDO joiners.
This assists in rewarding users and offsetting the system.
Catex IDO Tokenomics
Catex IDO incentivizes users with veCATX tokens. These are unique tokens that give users voting power. With veCATX, users can:
- Vote on what occurs within the Catex platform.
- Receive a portion of the trading fees on the platform.
- Lock up their tokens to receive additional incentives.
The larger your veCATX and the longer your lock time, the more reward you get. That’s a rational system. It empowers and motivates those who believe in the project.
Reward structures and token supply exist to prevent inflation. That is to say, the tokens will not depreciate in value in short order because there are too many new tokens being created.
Catex IDO Presale Details and How to Participate
If you wish to participate in the Catex IDO, this is how you can do so:
Step 1: Obtain a CATEX-0 NFT
Catex released these NFTs at some point during early May. They were not charged anything for them, apart from paying gas fees. Obtaining this NFT was step number one.
Step 2: Obtain Whitelisting
If you possessed the NFT, you automatically got whitelisted. This provided you with a way into the presale.
Step 3: IDO Participation
When the IDO launched mid-May, customers on the whitelist were able to purchase veCATX tokens. The sale occurred on the Catex platform, via an integrated wallet and USDT.
Step 4: Tokens Receipt
Towards the end of May, users received their veCATX tokens. This also covered any airdrop rewards.
It was simple and convenient. It enabled more individuals to take part fairly.
Conclusion
Catex IDO is a new concept in the cryptosphere. It makes early token sales fair, fun, and clear. Catex made it possible for more individuals to participate in early days with NFTs and smart contracts.
The road map was well defined. The token plan and funding are solid. And although the team is not entirely transparent, the process does work. for more details :- Website Link: https://www.catex.fi