Maximus IFO 10th November
We finally have a date for Maximus. The 10th November. Next Wednesday. Hosted by the Lydia Finance launchpad.
Here’s what you should know: …
In this post
Important metrics
- Date: 10th Nov.
- GMT start: 2pm.
- GMT end: 6pm.
- Sale tokens: 1.5M MAXI.
- Token price: $1.
- Sales: 2; basic, unlimited.
How to participate
- Be there 2pm – 6pm GMT 10th Nov
- Buy some LYD/AVAX tokens
- Put your LYD/AVAX into LP
- Commit your LP tokens during the sale
- Claim your MAXI tokens after the sale
1. The Basic Sale
This makes up 30% of the total sale. 450K maxi.
The Lydians are using an innovative overflow approach.
Where there are too many users purchasing, different scenarios apply. Each scenario will return different amounts dynamically.
![Maximus IFO 10th November 3 0*OaAaYsz6DMIgkyVY](https://avatlon.net/wp-content/uploads/maximus-ifo-10th-november.png)
The participation cap in the basic sale is $200. The unlimited sale works differently.
2. The Unlimited sale
This makes up 70% of the total sale. 1.05M MAXI.
In the unlimited sale, there are no contribution limits. Instead, there is a small participation fee charged. Starting at 1%.
![Maximus IFO 10th November 4 0*8nfMDfU8bBZ7yXMd](https://avatlon.net/wp-content/uploads/maximus-ifo-10th-november-1.png)
The overflow milestones are based on the token sale. There are 1.05M MAXI tokens included in the IFO. Selling at $1 each. As funds “overflow” this amount, funds begin being returned to users.
![Maximus IFO 10th November 5 0*HiEcNOImU7iVJbeF](https://avatlon.net/wp-content/uploads/maximus-ifo-10th-november-2.png)
Token unlock plan
$MAXI tokens will be released in three steps as follows:
- %40 on 6pm GMT Wed. 10th Nov. 2021 (Right after the IFO)
- %30 on 2pm GMT Wed. 15th Dec. 2021
- %30 on 2pm GMT Thu. 30th Dec. 2021
Which sale should I choose?
This really depends on your bankroll and risk appetite.
- The basic sale charges no fees, but, you’re capped on how much MAXI you can buy.
- The unlimited sale charges a fee, but, you can size up your allocation.
If you’ve tokens left over from the basic sale, then spill into the unlimited sale. Lower participation generally leads to higher % allocation.
How long until Maxi goes live?
The first farm will go live after the sale. MAXI/AVAX. On Lydia. Maxi itself will go live within a month of IFO.