Overview
Almost there! Amplitude is launching as Pendulum’s sister project on Kusama! The crowdloan will begin on or around June 29th. The waitlist is now live and all you early adopters can sign up now! Simply click below to claim your spot or read on to learn more:
Amplitude - Pendulum on Kusama
Waitlist Benefits
Benefits of joining the waitlist include:
- Join the waitlist and enjoy an exclusive 10% bonus in AMPE tokens
- Share your referral code with friends and receive up to 6.5% bonus on their KSM contributions
- Amplify your bonuses by up to additional 3% by completing the “Amplifier” campaign
- All community members on the waitlist will be first to receive all important information and updates needed to participate in the crowdloan
What is Amplitude?
Amplitude is going to launch as a canary network of its sister blockchain, Pendulum. It will act as a testing ground for applications and network parameters for Pendulum. Unlike a traditional testnet, users can interact on the Amplitude chain with real financial consequences. We’re expecting lots of novel concepts to be trialled on Amplitude, giving rise to many exciting opportunities for anyone using the chain. Imagination is the only limitation.
So what is the utility of AMPE token? AMPE token features include:
- Native token of Amplitude
- Fixed supply of 200 million tokens
- Utilities such as powering transactions, staking to secure the network & earning rewards and governing the protocol
The Amplitude Crowdloan Process
Our crowdloan allows us to raise the required KSM to secure a parachain slot on Kusama and to distribute our tokens to our earliest supporters in the community. KSM contributed to a successful crowdloan will be locked for the duration of the parachain lease for 48 weeks.
Contributors to our successful crowdloan will receive AMPE tokens over the course of 48 weeks according to our vesting schedule. The contributed KSM will be unlocked trustlessly and automatically after 48 weeks and returned to contributors.
Crowdloan Details
Lease period: 48 weeks
Vesting:
- 25% released upon TGE (token generation event)
- 75% released linearly over 48 weeks
Eligibility: Users must agree to Terms and conditions, No KYC required
Bonus Structure:
- Up to 13% bonus
- 10% for joining the waitlist and contributing via your own referral link
- 3% for completing Amplifier Campaign to boost your referral link
Friend Referrals
- Up to 13% bonus (split 6.5% between referrer and referee)
- Split 10% (5% each) on each contribution by your referrals
- Split 13% (6.5% each) on each contribution by your referrals if you complete the Amplifier Campaign.
Contributing: You can contribute via our website once the crowdloan is live
KSM Lockup Period: 48 weeks
Token Received: AMPE
Redeeming KSM: Your KSM will be unlocked and returned to you without any input required
Final Words
For more details on the Amplitude crowdloan process, bonuses, participation visit our FAQs page and feel free to swing by our Telegram or Discord and ask away! We are excited to welcome you onboard our grassroots community passionate about building the fiat DeFi future!
About Kusama
Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It’s a living platform built for change agents to take back control, spark innovation and disrupt the status quo.
About Pendulum
Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.
Keep your eyes on the Pendulum!
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Claim Your Amplitude Kusama Crowdloan Waitlist Spot Today! was originally published in Pendulum-Chain on Medium, where people are continuing the conversation by highlighting and responding to this story.
