Only1 Announces IDO Details

We’re excited to announce that on August 2nd, Only1 will be launching on AcceleRaytor!

Only1 is the first NFT-powered social platform built on Solana. 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.

This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.

1. $LIKE AcceleRaytor Public Raise Details:

Total tokens for the raise: 1,666,667 $LIKE (0.33% of total $LIKE supply), unlocked

Token fixed price: 0.06 $USDC for 1 $LIKE

Total raise: 100,000 $USDC

Model: Lottery for allocation

Allocation for winning ticket: 50 $USDC (833.33 $LIKE)

Total number of winning tickets: 2,000

Pool opens: August 2, 12:00 UTC

Pool closes: August 2, 16:00 UTC

Open period of the pools: 4 hours

Eligibility and Pool Details:

There will be one $RAY pool available for the $LIKE raise.

7-day deadline:

30-day deadline:

How Does It Work?

Tickets: Users receive tickets according to the ticket allotments above. However, for a ticket to be counted in the lottery, users must deposit USDC for each ticket they wish to have entered.

Deposit: When the pool opens, users will need to deposit 50 $USDC for each ticket in order for it to be counted in the lottery. Users can choose to deposit less than their total ticket allocation, however tickets without a matching deposit will not be entered in the lottery. Deposits must be in multiples of 50 $USDC.

Lottery: Once the pool closes, the lottery will take place and winning tickets will receive a 50 $USDC allocation for $LIKE. Results of the lottery will be shown very shortly after the pool closes.

Claim: Once the lottery is complete users will be able to remove their $USDC for any tickets that did not win. Claims for $LIKE from winning tickets will open once trading begins for the $LIKE IDO (details below).

Lottery Transparency

The lottery will be done on-chain, with lottery numbers assigned to tickets in the order that users deposit in the pool. After the pool closes, winning numbers will be determined by hashing a block, multiplying it by the timestamp, and matching the last 2 digits of that number with user ticket numbers. Any ticket number with the last 2 digits matching is designated a winning ticket. This process will be repeated until all the winners are determined.

2. $LIKE IDO on Raydium:

Token starting price: 0.06 $USDC for 1 $LIKE

IDO Launch time: August 3, 13:00 UTC

How does it work?

Fusion Pool — Provide liquidity to earn $LIKE rewards

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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About Raydium

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Persons located in or residents of the United States, North Korea, Iran, Venezuela or any other jurisdiction in which it is prohibited from using any of the services offered on the Raydium website, including AcceleRaytor, (the ”Prohibited Jurisdictions”) are not permitted to make use of these services. For the avoidance of doubt, the foregoing restrictions on any of the services offered on the Raydium website from Prohibited Jurisdictions applies equally to residents and citizens of other nations while located in a Prohibited Jurisdiction.

The First NFT-Powered Social Engagement Platform Built on Solana.