Poolz Makes IDO Wallet Registration Mandatory for Fairer IDOs

2 min readJul 7, 2021

The new changes to the IDO system will be applicable from today onward. Below are the points to take note of.

During the recent IDOs, we noticed that many of the whitelisted IDO participants did not participate in the IDO. This is very much understandable due to the current state of the market. But even during this time, we want to ensure that our community members get a fair opportunity to participate in the IDOs we conduct and that we do not lose slots because of whitelisted users not participating in the IDO.

This is why we have devised a new strategy. From now on, every user who is whitelisted for an IDO will have to register for the IDO using their crypto wallet. To do this, the users will have to sign the transaction on the blockchain and confirm that they are active and will be participating in the IDO.

We understand that users may have concerns about the fee they may have to pay for signing the transaction. To curb that, we will be conducting these transactions on the BInance Smart Chain, which has negligible fees.

Even the top 100 $POOLZ holders will have to register on the blockchain for the IDOs.

Doing this will allow us to gauge the number of users who are interested in a particular IDO and allow us to offer allocations to more of the interested users.

The registration process will also help us identify the wallets that did not win an allocation during an entire month. Using this, we will conduct a Poolz Party, which will be conducted for the last IDO of every month and will dedicate 50% of the IDO’s allocations to investors who did not win any allocations during the entire month.

The new requirement will help us build a Smarter IDO system: The new changes are directed to offer a more level playing field to all investors such that there’s a great chance for each investor to win an allocation.

Wallet sign up instructions:

-Go to Poolz app page.

- Connect your wallet to BSC network

- Press “details”.

- Press “sign up” and confirm the transaction on MetaMask.

* Make sure you have staked at least +250 Poolz or hold +500 Poolz in this wallet as per our IDO participation requirements.

About Poolz

Poolz is a decentralized cross-chain IDO platform built on top of Web 3.0 infrastructure to assist crypto industry projects in raising funds before listing. The Poolz platform has already integrated with many different blockchains and is in discussions with more than 10 of the biggest blockchain networks.

Website: https://www.poolz.finance/

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