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SubDAO “Starry Sky Program” Token Sale Launches Now

Published date: November 2 2021
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The SubDAO Starry Sky Program launches now. Read carefully to make sure you have understood everything related to this program.

Governance TL; DR

SubDAO GOV token sale will launch on Official Website, Bounce Finance, Gate.io, and MEXC Global.

Token Sale Schedule on Different Platforms

Official Website: http://ido.subdao.network/

Schedule: Nov. 3rd, 12:00 PM — Nov. 6th, 12:00 AM (UTC)

Bounce.Finance: https://certified.bounce.finance/certified-sales

Schedule: Nov. 3rd, 12:00 PM — Nov. 4th, 12:00 PM (UTC)

Gate.io: https://www.gate.io/en/startup/249

Schedule: Nov. 4th, 8:00 AM — Nov. 5th, 8:00 AM (UTC)

MEXC Global: https://www.mexc.com/mday

Schedule: Nov. 4th, 8:00 AM — Nov. 5th, 8:00 AM (UTC)

Token Sale on SubDAO Official Website

Participants will receive $GOV at the same price, and the final price of the $GOV token will adjust based on the amount of USDT deposited. The individual address may contribute a max value of $100,000 in USDT.

Note: All of the $GOV Token assets will be Substrate-Based Token.

What is SubDAO

SubDAO is a DAO infrastructure based on Polkadot. It allows any decentralized organization to swiftly create and manage DAOs. We are committed to serving as a Web3.0 entry by providing blockchain-based digital agreement signing, DAO social networking, asset management, and other tools and services.

SubDAO has completed multi-million dollars financing from dozens of institutions including Huobi Ventures, OKEx Blockdream Fund, CMS, Hypersphere as well as investment by Messari founder Ryan Selkis. The founding team of SubDAO is composed of the former Technical Team leader of the IBM Group and many early well-known developers and community initiators from Polkadot.

Click to know more.

GOV

GOV, short for “Governance”, is the native token of the SubDAO network. The total supply of GOV is 1 billion, with an annual inflation rate of 5%.

Gas

GOV will function as a means of satisfying network fees natively. It will be required to execute DAO creating, voting, transactions, and other on-chain behaviors on the SubDAO network.

Governance

GOV holders will each have the ability to vote on all aspects related to the management and administration of SubDAO Network, through governance, including governance action, referenda, network upgrades, council elections, and parameter adjustments, integrations, changes to incentives, and all other managerial functions.

Staking（Mining）Rewards / Network Incentive

GOV will be used as a token to incentivize users to try out our products as part of the Governance Mining program.

Payment for Service / Product

SubDAO will launch the General and Professional version of the Template Library for simple and complex DAO organizations of different types (Including decision-making mechanisms and management mechanisms). SubDAO Treasury will also support and reward developers to develop templates and allow them to charge the public for different GOV fees.

Token Sale on Official Website

Official Website: ido.subdao.network

Schedule: November 3rd, 12:00 PM — November 6th, 12:00 AM (UTC)

Vesting schedule: 50% releases on TGE (December. 4th) and the rest 50% releases 3 months later. Trading starts on Dec. 4th

Soft Cap: $7,500,000

Hard Cap: $15,000,000

Price: $0.15 ～ $0.3/ GOV

Hard Cap Per Wallet Address: $100,000

Deposit Token: USDT（ERC20）

Three Phases of Token Sale on Official Website

First Phase: The sale period, you will have 36 hours to deposit/withdraw USDT into a smart contract vault. The price of the $GOV token will then adjust based on the amount of USDT deposited.

The total value that can be committed across all participants’ wallets is capped at $15,000,000 notional, at which point no additional commitments will be accepted.

If total commitments ≤ $7,500,000, then $GOV will be at $0.15. Limited price discovery begins once $7,500,000 of assets have been committed.
$GOV will undergo limited price discovery up to $0.3 until the total commitments reach $15,000,000.

Note: During this phase, you can deposit USDT to increase your bid or withdraw USDT if you want to reduce your bid.

Second Phase: The second period is the grace period and will occur during the last 24 hours of the sale. During the phrase, you can only deposit USDT to increase your bid.

Final Phrase: On December 4th, you can swap the token to your wallet.

Participation Tutorial

Open the website 15 minutes early before the token sale starts and connect your wallet to SubDAO.

Metamask and other wallets supported by Wallet Connect are available. Make sure you have prepared enough ERC20 USDT in your wallet.

2. Click “Deposit” or “Withdraw” and sign to deposit or withdraw your bid.

Token Sale On Other Partner Platforms

Bounce Finance

Schedule: November 3rd, 12:00 PM — November 4th, 12:00 PM (UTC)
Join Now: https://certified.bounce.finance/certified-sales

2. Gate.io
Schedule: November 4th, 8:00 AM — November 5th, 8:00 AM (UTC)
Join Now: https://www.gate.io/en/startup

3. MEXC Global
Schedule: November 4th, 8:00 AM — November 5th, 8:00 AM (UTC)
Join Now: https://www.mexc.com/mday

Legal Disclaimers

This announcement is not intended to provide legal, financial or investment or other advice and we recommend that you do not rely on, and do not make any financial or other decision based, on this announcement.

Before submitting your ETH address or participating in the SubDAO Starry Sky Program, you must affirm that you are not located, incorporated, or a citizen or resident of: the United States of America, Hong Kong (HKSAR), People’s Republic of China, the Republic of Seychelles, Bermuda, Burundi, Central African Republic, Democratic Republic of Congo, Eritrea, Guinea-Bissau, Libya, Mali, Palestine, Somalia, South Sudan, Western Sahara, Yemen, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, Sudan, or any state, country, or jurisdiction where it would be illegal according to applicable law for participation.