DAO Maker is a platform that provides a range of services for blockchain startups, one of which is their Initial DEX Offering (IDO) launchpad called DAO Maker IDO. DAO Maker IDO is designed to help projects raise funds and launch their tokens through decentralized exchanges (DEXs).
DAO Maker hosts many crypto presales(IDO). Users have to register/sign up – KYC – connect crypto wallet at the DAO Maker website to participate in presales.
There are 2 ways to participate in presales. Public SHO (Strong Holder Offering) and Private SHO (Strong Holder Offering). Here’s an explanation of each:
Public SHO (Strong Holder Offering)
The Public SHO is a fundraising round that allows a wider community of participants to contribute and acquire tokens. Users don’t have to stake/hold DAO tokens. It is open to the public, and anyone who meets the eligibility criteria can participate. The Public SHO aims to provide a fair and inclusive opportunity for individuals to support and invest in the project. The allocation process for Public SHOs may vary. It can include factors such as holding a certain amount of DAO tokens or completing certain tasks to increase the chances of allocation.
Let’s give an example through the TENET Presale
👉 Go to the DAO Maker website – Launchpad
👉 Go to project page( click ‘View details’)
👉 DAO Maker offers 2 ways to participate in the TENET presale. Click “Participate” for the public round
Now, you are in the public round/Public SHO page for TENET presale/IDO. You can see some ways to collect scores on the page. The more score you collect, the more allocation you can get. So the more your score is, the more you get allocation.
Private SHO (Strong Holder Offering)
The Private SHO is a fundraising round that targets a select group of participants who are deemed “strong holders.” Users have to stake DAO Token to participate in Private SHO rounds.
Users need to stake a minimum of 250 DAO tokens. Here are the tiers:
- Tier 0: 250 – 1,999 DAO
- Tier 1: 2,000 – 3,999 DAO, 5% bonus
- Tier 2: 4,000 – 9,999 DAO, 10% bonus
- Tier 3: 10,000 – 24,999 DAO, 15% bonus
- Tier 4: 25,000 – 49,999 DAO, 20% bonus
- Tier 5: 50,000 – 99,999 DAO, 25% bonus
- Tier 6: 100,000 – 200,000 DAO, 30% bonus
The DAO Power is calculated as follows:
Example Tier 1: A user holds 2650 DAO, therefore his power will be 2650 * 1.05 =2,782.5 DAO Power
Example Tier 3: A user holds 15,460 DAO, therefore his power will be 15,460 * 1.15 = 17,779 DAO Power
It’s important to note that the specific details and requirements for Public SHOs and Private SHOs may vary depending on each project’s specific offering and the rules set by DAO Maker. It’s recommended to review the project’s official announcements and guidelines to understand the specific terms and participation requirements for each type of offering.