Investment Security Policy (ISP)
Hi to our amazing community and readers,
We all know that bear market has hit us hard right from our TGE. We have planned many thing but the market condition was not favoring us to share anything. We tried to conduct IDOs during this time but we weren’t able to close our deal with some project and some good project did not comply with our unannounced Investment Security Policy (ISP).
But now let’s just all move forward. Since IDOs on our platform are around the corner and we will be announcing more details soon, we want to share our Investment Security Policy so that community feels confident about investing on IDOs. The ISP will protect our community from losing their investment in project that either do not fulfill their promise or stop working on project or if there are any malicious conduct from the project is observed. This is just phase 1, since it can not be perfect we will bring/add more changes whenever required in phase 2 and so on.
Our Due Diligence
- Any project coming to Cronospad will have to share the audit before IDO
- Any project coming to Cronospad should not have a very high FDV in terms of what they are building
- Any project coming to Cronospad should not indulge into any malicious activity (Trading, Marketing, Legal, Financial and etc).
- Any project coming to Cronospad will have to list within maximum of 40 days after IDO.
- Any project coming to Cronospad will never be sent 100% of raised funds if vesting is not 100% unlocked on TGE. Funds will be sent according to the vesting. During the vesting period, Cronospad reserve right to cancel IDO and refund the remaining funds to community participated.
- Any project coming to Cronospad for deals other than Public round tokens, will be receive raised funds in 4 months (25% every month) if they comply with Investment Security Policy. During this time Cronospad reserve right to cancel IDO and refund the remaining funds to community participated.
Investment Security Policy
Right from the start, all the project coming to Cronospad will have to go through strict evaluation. But, that is not all. The project’s token price movement should also comply to our Investment Security Policy.
When Public Round IDOs
- Project team needs to send full/vested tokens 4 hours before listing.
- When TGE unlock = 100%
We’ll send full/partial funds 48 hours after listing if,
i. Token price does not trade below IDO price for 3 consecutive hours within first 12 hours of listing.
ii. Community participants who have neither sold nor transferred their tokens can opt for refund via a refund form that will be shared. - When TGE unlock <100%
i. Token price does not trade below IDO price for 3 consecutive hours within first 12 hours of listing.
ii. After first 12 hours of listing, token price does not trade below IDO price for the 5 consecutive days within the first 30 days of listing.
iii. Token price does not trade below 20% of IDO price for the 5 consecutive days in the 2nd month. - IDOs will be refunded if any of the mentioned above conditions are met. The refund will be based on remaining tokens at the time of refund.
- We reserve right to refund any IDO anytime if Cronospad team observes any malicious activities from the project team.
🔍 About Cronospad
Cronospad is the first major, micro, and small cap decentralized launchpad on Cronos Chain. Cronospad will support crypto and blockchain projects that aspire to launch on Cronos Chain.
Our primary goal is to help projects launch smoothly, satisfying the growing interest of Cronos Chain and the needs of investors. Projects launching on Cronospad or Cronos Ecosystem can also use our platform for their NFT drops.
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