Introducing Initial NFT Offering (INO) Launchpad
From ICO to IEO & IDO, introducing Initial NFT Offering (INO), a novel cryptocurrency fundraising innovation that involves offering 10,000 unique NFTs for sale via Only1 INO Launchpad. All $SOL raised will be used to buyback $LIKE to reward our early investors & communities.
An Initial NFT Offering, or “INO”, is a new cryptocurrency crowdfunding innovation pioneered by Only1
This article will cover the participation requirements and procedures for Only1 Initial NFT Offering (INO).
Initial NFT Offering (INO) details:
- Quantity: 10,000 unique Only1 NFTs up for grabs
- Total Raise: 10,000 $SOL
- Usage: ALL $SOL raised will be used to buy back $LIKE, and added to the reward emission to give back to our early users
- NFT perks: ‘OG’ badge on Only1 platform similar to verified badge, increased staking reward
- Model: Lottery for allocation
Procedures:
Step 1 — Stake to receive Tickets
Users should access Only1, and connect to Phantom Wallet*.
For every 200 $LIKE staked for more than 3 days, users will receive 1 ticket. Each address will be eligible for a maximum of 5 tickets.
Only1 INO Launchpad goes live: 7th Oct
* We only support Phantom Wallet at the moment
Step 2 — Deposit $SOL to enter tickets into the lottery
Users will deposit 1 $SOL per ticket to enter the lottery. Tickets without $SOL deposit will not be entered into the lottery.
E.g. If Leon has 5 tickets and deposited 4 $SOL, only 4 of his tickets will be entered into the lottery.
Lottery Pool opens: 12th Oct 12:00 UTC
Lottery Pool closes: 14th Oct 00:00 UTC
Step 3 — Lottery
Lottery will take place shortly after the pool closes, each winning ticket will receive 1 unique Only1 NFT.
Step 4 — Claim your NFTs and $SOL refund
Users can claim 1 unique Only1 NFTs for each winning ticket and be able to claim 1 $SOL for each ticket that did not win. Refunds & unclaimed NFT will not expire.
E.g. if Dan deposited 5 $SOL for 5 tickets and 2 were winning tickets. He would claim 2 NFTs and 3 $SOL back.
Claim opens: 14th Oct 12:00 UTC
To apply for future INO Launchpad
Please email your project name, targeted launch date, and pitch deck to the email below and we will get in touch with you shortly.
info@only1.io
*All $SOL raised will be sent to the project
About Only1
Only1 is the first NFT-powered social platform built on the Solana blockchain. Mixing social media, an NFT marketplace, a scalable blockchain, and the native token — $LIKE, Only1 offers fans a unique way of connecting with the creators they love. By using the Only1 platform, fans will have the ability to invest, access, and earn from the limited edition contents created by the world’s largest influencers/celebrities, all powered by NFTs.
The new world of NFTs is here, and it’s being built on Solana. Welcome to Only1.
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