UltiBets IDO

New prediction / gambling protocol launch.

DETAILS

• IDO will last for 3 days
• IDO sale will take place on ThorStarter, here
  • 2 hours before the sale starts you will need to register on their app
  • You will need to buy XRUNE first
  • Then deposit XRUNE on the ThorStarter page
• Max supply: 1,000,000,000 UTBETS
  • 5% to private funding; vesting 12 months, later redeemable 1/12th UTBETS per month
  • 15% to team; will have 6 months cliff and vesting 12 months
  • 5% to airdrops
  • 15% to growth and partnership
  • 10% to infrastructure and scaling
  • 20% to public sale; redeemable 30% at TGE; remaining will have 3 months cliff, then 10% monthly linearly
  • 30% to community incentives
• IDO price: 0.075 USDC / UTBETS
• Hardcap: 600,000 USDC
• Funds collected in the IDO will be allocated as follows:
  • 20% for audits and development
  • 40% for resources and growth infrastructure
  • 40% for multi-chain scaling
• For each bet you receive 1% of your FTM betting amount in UTBETS directly to your wallet, paid weekly every Sunday evening; which will be later be reduced to 0.25% every month
• For each round that a player wins, the player will receive a Squid Bet NFT as reward
• Betting will include in several categories like Sports, crypto, stocks and Wall Street
• The collected fees are allocated in the following ways:
  • 50% to treasury
  • 50% to buyback UTBETS
• 1% of the max supply of UTBETS Tokens to be burnt per year
• It has plans of going multi-chain and will launch on Avalanche, Arbitrum, Binance Smart Chain, Harmony, Polygon