How it works

An explanation of how the direct token sales work
In order to participate in token presales for IDOs launched on Coinecta, follow the following steps:
  1. 1.
    Acquire the CNCT (Coinecta) Token: To participate in our launchpad, you first need to acquire the CNCT token. You can do this by purchasing CNCT tokens from any decentralized exchange (DEX) on the Cardano blockchain. Make sure you have enough CNCT tokens to meet the minimum staking requirement for your desired staking tier.
  2. 2.
    Stake your CNCT Tokens: Once you have acquired CNCT tokens, you can stake them on our staking platform. Visit our staking platform and connect your Cardano wallet. Then, select the staking tier you wish to participate in based on the amount of CNCT tokens you hold. Follow the instructions provided to stake your tokens and confirm the staking transaction.
  3. 3.
    Reach Staking Tiers: By staking your CNCT tokens, you will be eligible to access different staking tiers based on the amount you have staked. Each tier offers different privileges and benefits during the IDO process, such as priority access to IDO whitelisting and potential allocation bonuses. Refer to our staking tier documentation to understand the requirements for each tier.
  4. 4.
    Whitelisting for IDOs: Once you have staked your CNCT tokens and reached a specific staking tier, you can participate in the IDO whitelisting process. Whitelisting ensures that you have a reserved spot to participate in upcoming IDOs conducted on our launchpad. Keep an eye on our announcements and official channels to stay informed about upcoming IDOs and the whitelisting process for each project.
  5. 5.
    Participating in IDOs: When an IDO is live, whitelisted participants in the respective staking tiers will receive instructions on how to participate. This typically involves visiting our launchpad platform, connecting your Cardano wallet, and following the specific IDO token sale instructions. You will have the opportunity to purchase tokens from the project conducting the IDO, subject to the terms and conditions set by the project.
  6. 6.
    Vesting Period and Token Release: The tokens you purchase during the IDO will sometimes be subject to a locked-up vesting period. This means that the tokens will be gradually released to you over a predetermined duration. During this period, you will not be able to transfer or sell the full amount of tokens purchased. The release schedule will be clearly communicated to you, and you can track the progress of token release on the launchpad platform.
  7. 7.
    Enjoy Benefits and Rewards: As a participant in our launchpad, you may be eligible for additional rewards and benefits based on your staking tier and participation in IDOs. These rewards could include staking rewards, airdrops, or exclusive access to future token sales and features on our platform. Stay engaged with our announcements and updates to learn about any rewards or benefits you may be entitled to.
  8. 8.
    Secondary Market Trading: Once the vesting period ends, the tokens you purchased during the IDO will be fully unlocked and tradable on secondary markets and decentralized exchanges. At this stage, you can freely transfer or trade your tokens according to your preference.
We encourage you to explore our platform, stay updated with our announcements, and engage with our community for any further assistance or information. Happy participating in the exciting IDOs on our launchpad!