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How to get Started with Scaleswap and Participate in Your First IDO

Date: April 6, 2022 Category: Scaleswap get started sca

Welcome! We’re happy that you’ve decided to join the revolution and claim your place in the Scaleswap family – where you can earn exclusive early-access to promising, hand-picked blockchain-based projects.

The process to get started and participate in an IDO can seem complex if you’re new to the launchpad process. Don’t worry! We’re here to guide you through each and every step to make sure you know how to make the most of your Scaleswap experience!

If you represent a startup and are searching for information about how to get started with an IDO or one of our other services, please visit the services section of our website.

Step 1: Keep Informed About Upcoming IDOs

There are numerous ways you can get notified about upcoming IDOs on Scaleswap:

Step 2: Research and Due Diligence

Blockchain startups launching on Scaleswap are highly-vetted by our team and board. While we’ve earned the reputation as one of the most selective launchpads in this space, we still recommend that everyone conducts their own due diligence before participating. There are often in-depth community discussions about each project in our official Telegram group, or the unofficial (community-run) trading group.

Step 3: Start Building Your ScaleSCORE

While other launchpads might take one or two purely budget-driven dimensions into account to determine who qualifies to participate in each IDO, ScaleSCORE is a multidimensional scoring system that empowers users based on their loyalty and involvement, with a minimal impact on buying power. Please refer to this article to learn more about ScaleSCORE and the strategies and resources you’ll need to climb to the top of the ranks!

Step 4: Apply to Be Whitelisted and Complete KYC

Once you’ve established your ScaleSCORE and have verified that your rank is high enough to participate in the private pool for the IDO you’ve chosen, the next step is to get your wallet address whitelisted. The best way to get notified about whitelist application dates and details is by signing up for email notifications. You can also enable push notifications on your mobile device for our Telegram Announcement channel or Twitter Account

  • Submit whileist application
  • Complete KYC (this is necessary to ensure a fair, transparent, and legally compliant launch)
  • Kick back and relax while Scaleswap and our KYC provider processes each of the requests. Approved applicants will receive notification by email

Additional notes:

  • If you’re just getting started in the cryptocurrency space, you’ll want to familiarize yourself with using a crypto wallet. We highly recommend Metamask
  • Details vary for each project but typically the IDO is offered through two types of pools.
    • Private pool allocation is larger and participation is guaranteed based on ScaleSCORE rankings. We highly recommend this option
    • We also offer a public pool for most IDOs. However, allocation in the public pool is much smaller and your chances of securing a spot are lower due to eligibility being determined first by luck (lottery-based whitelisting) and then speed (first come, first serve participation).

Step 5: Ready for Launch!

Congratulations! Now that your whitelist application and KYC have been approved, keep an eye out for the date and time of the IDO. We’ll also release a comprehensive “how-to participate” article for each IDO that will guide you through the entire process – from getting your funds prepared, to swapping and claiming your tokens.

Step 6: Get Involved

ScaleDAO: Our vision has always been for Scaleswap to become a community-driven platform, and to remain true to that principle, we encourage all SCA holders to participate in the voting and decision making that will shape our future. Phase 1 of ScaleDAO takes place on snapshot, a gas-less off-chain multi-governance platform.

Ambassador Program: DeFi is being driven to new heights by the belief and passion of its amazing community. If you’re eager to get involved in this exciting movement, apply today to join us in ushering in a new era for the IDO launchpad space.

Ready to Get Started?

Take action now and learn how to start building your ScaleSCORE today!

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