Since Poolz’s inception, we have continuously simplified & improved the IDO participation process so our users can easily become active investors across Defi projects. Without further ado, please find below the necessary steps:
A short brief:
- Buy at least 250 $POOLX to be eligible for Guaranteed allocation
- Go to the Poolz website and connect your wallet.
- Lock your $POOLX tokens for the desired period of time
- Complete whitelist requirement (on BSC only)
- Purchase the IDO token and claim (if they aren’t airdropped)
Step1: Make sure you have enough $POOLX to participate in the IDO
- Poolz Council – gives the benefits of voting future IDOs on Poolz, getting high-quality private deals, and more. To be part of Poolz Council you need to lock min. of 20K $POOLX for min. of 60 days. Read the full article about Poolz Council here.
- Top 100 – Poolz holders will have higher allocation weight – IDO & PreIDO Guaranteed Allocation; The top 100 $POOLX holders that locks for at least 10 days – will be determined by the LEADERBOARD which will be explained later.
- Guaranteed Allocation – The old lottery system has been replaced by a guaranteed allocation system for every participant that locks minimum of 250 $POOLX for at least 7 days, receiving guaranteed allocation for the specific project that he applied to be whitelisted.
- New Lottery System – Any user who locks minimum of 150 to 249 $POOLX for at least of 7 days will enter a lottery system where whitelist winners will receive an allocation to the project.
Requirements: Users need to keep the Poolz token locked and apply for each IDO
Step2: Connect Your Wallet to Poolz Web Page on the BSC network ( For explanation, click here)
Go to https://www.poolz.finance/ and connect your crypto wallet to the platform. You can click on “Connect Wallet” at the top right corner of the Poolz page and choose your preferred wallet from the popup menu.
Step3: Lock Your $POOLX
Once you’ve connected your wallet, you must lock your $POOLX tokens. This is a mandatory step for participating in IDOs conducted on Poolz and you can do this on the official Poolz locking page here.
a) You have the option to customize the locking period of your Poolz tokens, minimum 7 days;
b) After the successful lock, your Poolz tokens will be visible in the “dashboard” tab and claimable after the locking period has passed;
c) Complete Whitelist Requirement – stay in the “dashboard” and click on “Whitelist”. Then all click “Join Whitelist” for applying the project whitelist
So, now, every user must sign a transaction using their wallet to confirm they are active and will participate in the IDO by pressing the “Join Whitelist” button, as presented above.
The whitelisting confirmation transaction is on the Binance Smart Chain (regardless of the project network), so the fees will be negligible and the whole process will take just a few seconds to finish!
After you register, the site takes a few minutes to update. It will look like this:
Step 4: Leaderboard displays and ranks all the wallets that have locked $POOLX on the platform on a daily basis. If you lock enough $POOLX for minimum of 10 days to earn a rank within the Top 100 , you will get a higher allocation weight – IDO & PreIDO Allocation Guaranteed.
Step 5: Win Allocation
The IDO Whitelist Winners will be published in Poolz main TG channels approximately 24H before the IDO along with other information such as IDO Purchasing time and Claiming & Listing details.
Allocation Purchasing: In https://www.poolz.finance/lobby you will be able to connect to the IDO pool
and as soon as the sale will start, purchase the required allocation :
Step 6: Claiming
If you have won an allocation and participated in the IDO, the IDO tokens can be:
Automatically airdropped into your wallet without you having to claim them. This further simplifies the IDO process on Poolz.
Claimed manually from Poolz “dashboard/MyTokens” as the following example: ( Make sure you on the correct network)
Once you’ve followed these steps, you will have completed the IDO process on Poolz, Congratulations!
POOLX token is not yet available for trading, TBA this week
