The entrepreneur submits the white paper, yellow paper, and documentation to the decentralized platform for verification.
The project is then scrutinized by the Launchpad members, and on receiving their approval, the project is ready to be listed for IDO.
The company can pre-sell their IDO token as they wish.
At the same time, the investor stakes enough coins to take part in ‘Round Allocation”.
If the soft cap is reached during pre-sales, it is claimed to be a successful pre-sale.
The tokens that remain unsold in the first round are made available on a first-come, first-serve basis for the user who staked a large amount of money. The second round goes on until all the tokens are sold.
The platform locks the tokens for 30 days to avoid immediate sales.
After the locking period, the tokens are listed again.