We are live! Pendulum is excited to announce that the Amplitude crowdloan is now open and accepting community contributions
The Kusama crowdloan for Pendulum’s sister project Amplitude is now live. Early waitlisted contributors can receive up to 33% in AMPE token bonuses! Read this article for full crowdloan details and click here to contribute today.
Benefits for Contributors
Contributors can earn up to 33% in bonus AMPE tokens for participating in the crowdloan. Benefits for contributors include:
- 20% early bird bonus in AMPE tokens by contributing within the first 10,000 KSM that is raised
- 10% early bird bonus in AMPE tokens by contributing between 10,001–20,000 KSM being raised
- 13% more in AMPE bonus tokens if you signed up to the waitlist, referred yourself and completed the Amplifier Campaign
- Get all your KSM contributions back when the parachain 48 week lease period ends
How to Participate
There are currently three methods which you can contribute via:
- Polkadot.js — The classic method for crowdloan veterans
- Talisman — Easy and intuitive UI
- Bitfrost — Receive liquid derivatives from your staked KSM
If you do not have a KSM wallet yet, click here to learn how to quickly and securely set one up. 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.
Amplitude & AMPE token
Amplitude will be the 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. AMPE utilities include powering transactions, staking to secure the network & earning rewards and governing the protocol.
Ticker: AMPE
Relay Chain: Kusama
Supply Structure: Fixed
Total Supply: 200,000,000
Supply at Genesis: 200,000,000
In order to ensure Amplitude is a community-first project, the Pendulum team decided to take no allocation of AMPE tokens for themselves. Click here to learn more about AMPE tokenomics, which include 0% inflation as all tokens will be minted at launch.
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
KSM Lockup Period: 48 weeks
Token Received: AMPE
Redeeming KSM: Your KSM will be unlocked and returned to you without any input required
Summary
For more details on the Amplitude crowdloan participation and bonuses please visit our FAQs page. Swing by our Telegram or Discord any time and ask us any questions. The future of forex on DeFi begins now and it is great to have you with us!
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 Amplitude
Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token. Developed by Satoshipay.
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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The Amplitude Crowdloan on Kusama is Officially Open was originally published in Pendulum-Chain on Medium, where people are continuing the conversation by highlighting and responding to this story.
