Announcing BRC20 Launchpad

After the successful launch of the BRC20.com IFO platform, with more than 60% of .COM tokens currently being staked to participate in the DRK IFO, the BRC20.com team are pleased to announce the upcoming launch of the BRC20 Launchpad.

Similar to the IFO platform, holders of .COM tokens will be able to participate in initial community distributions for upcoming projects on the Bitcoin network. Depending on the amount of .COM that you hold in your wallet, users will be able to participate in tiered FCFS token launches.

Due to the non-custodial nature of our staking platform, users will be able to participate in both IFOs and launchpad projects at the same time, bringing even more opportunities to .COM holders.

How it works

For each launch, there will be a series of FCFS sales with a designated allocation for each tier. The more .COM tokens you hold, the more tiers you will be entitled to participate. For an example of how this will work in practice, see the table below:

The launchpad platform will soon go live on BRC20.com and users will be able to participate by connecting their wallet to prove their tier. A users balance will be checked three times in order to prove their tier:

1. A snapshot will be taken in order to determine eligibility. The first snapshot will occur as soon as the platform goes live.
2. When a user contributes their funds, we will check to ensure they are still eligible for the given tier.
3. When a user claims their tokens, we will check to ensure they are still eligible for the given tier.

After connecting to the site and confirming their eligibility for a given tier, a user will then be able to interact with the site to purchase their allocation. In case users send funds after an allocation is filled, they will be able to claim their BTC back on the platform. Successful purchasers will be able to claim their bought tokens in the same way once a sale closes.

In case users circumvent the platform and send BTC to the sale address without entitlement to an allocation, they will also be able to claim back the BTC subject to a penalty fee - users should only participate in the sales utilising the BRC20.com front-end.

Stay tuned for the announcement of our first launchpad project next week!