Cirus Foundation is running an Initial DEX Offering (IDO) on Scaleswap, a Polygon-powered fair IDO launchpad, as per a release. The dates will be announced later this week.
“The Scaleswap team is pleased to have Cirus as our flagship launch as we see the big potential of Cirus Foundation and a huge market demand for bringing data management and privacy back to users,” said ScaleSwap in a statement.
Cirus IDO and Scaleswap
Cirus is a new blockchain platform that turns data into cryptocurrency, allowing users to enjoy the true ownership of their crypto holdings by enabling them to control, monetize and earn directly from their own data.
As per details, the team has a Public Sale Token Allocation of 384,615 (0.15% of total supply), a Public Sale Token Price of $0.13, a Max Cap of $300 per person, with a target of raising $50,000 via the sale (at a $500,000 market cap).
Interested holders can, however, gain even more tokens on their ‘ScaleSCORE’—a unique loyalty scoring system based on 6 dimensions that ensure fairer, transparent, and non-exploitive community participation in IDOs
“Apart from the public pool where winners will be selected on a lottery basis, there will be a private pool for Cirus IDO in parallel, where backers with high ScaleSCORE ranking can earn guaranteed participation,” explained ScaleSwap.
Users looking to participate in Cirus token IDO will be required to complete the whitelist registration and accompanying tasks. A whitelisting campaign and KYC will also be run in parallel, ensuring a fair, regulated launch.