IDAP ICO: Public sale Phase-I
By: Bitfex Exchange
Tags: Announcements, ICO, Trading, Blockchain, Bitcoin

The wait is over!

We promised. You put your faith in us. And we delivered.

After many months of dedication, hard work and development, the IDAP TestNet went live for the public on January 28th, 2019. The past year has been a trying time for the crypto community, but their support for the IDAP project and its team has remained unshaken. For that, we are both proud and grateful.

We have stayed focused on the platform development for quite some time, as we feel that it is our primary responsibility to deliver the product we have promised. The community welcomed our decision to conduct crowdsale only after we launched the TestNet, a testament of our commitment towards the project goals.

The bear market that was upon the entire crypto community did not dampen the spirits of the IDAP team and our supporters. We continued to build, judiciously utilizing our resources while keeping a steady pace of project development.

Before pre-sale, our Desktop App demo was ready. Similarly, now that we have launched the TestNet, we are proceeding with the first phase of crowdsale. Our investors can visit testnet.idap.io, try out the platform for themselves and then invest in the project with assurance and with confidence. Few projects and even fewer exchange ICOs can claim that they had a TestNet ready before their public sale.

Public sale starts soon!

Crowdsale Phase-I Details:

Phase-I will be made live on Feb 15th, 2019. We are going to sell 50 million IDAP tokens in this round. Our aim, as it has always been, to deliver the main exchange as soon as possible. With the current level of development, we plan to launch the base version of the main exchange, with an estimated launch in April.

We want to reward the patience and faith of the community. The following benefits will be extended to public sale phase-I participants:

BTC, ETH, LTC, and WAN will be accepted at a premium pegged price. The price for ether will be set at 1 ETH=$300* for the course of phase-I. Others will be pegged at a similar ratio**. In case the market rallies significantly, we’ll adjust the premium on the peg.

Contributors will also enjoy a 20% bonus on their purchase of IDAP tokens. This bonus will be exclusive to phase-I.

Please note that minimum contribution accepted will be 0.1 ETH (or an equivalent amount in BTC, LTC or WAN). Phase-I will be live till 28th February 2019 or till 50 million tokens are sold, whichever is earlier. After this round closes, subsequent phases of the public sale alongside their relevant details will follow.

Why Participate in Phase-I?

The TestNet is a good indicator of what to expect from the main exchange. Our endeavor to deliver the first complete crypto derivatives exchange is in its final stages, with the majority of back-end development already complete. As the exchange launch will soon follow the public sale, now is the perfect time to participate.

Phase-I public sale is a great chance to buy IDAP tokens at a bonus, especially if you missed out on earlier rounds that offered lucrative benefits. Do note, the 20% bonus offer will not carry over to subsequent phases. Moreover, acquiring tokens with this bonus makes it easier to purchase 20,000 or more IDAP tokens, enabling contributors to enjoy commission free trading on the exchange. A back of the envelope calculation will point out that such a contribution will be offset within a few months, by what you save when no trading fees need to be paid.

At more than 120k whitelist registrations, we expect phase-I crowdsale to proceed swiftly. So, please complete KYC, if you haven’t already. Do check out our investment referral program with 25% investment referral, by reading this Medium post.

Public sale goes live soon! Stay updated and happy trading!

UPDATES (13/02/19)

*ETH premium peg revised from $225 to $300.

**Premium pegged pricing for other cryptocurrencies we are accepting:

1 BTC=$8500

1 LTC=$100

1 WAN=$0.75