🏁SUIS IDO

IDO Launchpad is a platform for launching decentralized Initial DEX Offerings (IDOs) on the Sui blockchain.

SUIS Protect is a feature that provides protection to Suistart investors and addresses the concerns related to Vested IDOs. Vested IDOs are a great tool for projects that are starting out with a defined development plan and are aimed for long-term success. They help in early stabilization of projects and prevent against the possibility of pump and dump schemes, allowing the projects to get up and running quickly and ensuring that they have the ability to sustain and establish their utility for both consumers and investors without the fear of rug pull. However, in the past, some projects have misused the Vested IDO structure or failed to meet their obligations as a functional protocol. This has led to some investors being left with only a fraction of their initial investment at the unlocking months after the IDO, due to a lack of adequate control mechanisms. This has caused skepticism among retail investors when it comes to Vested IDOs. SUIS Protect addresses these issues by protecting investors from any FUD related to Vested IDOs while still enabling ambitious and carefully chosen projects to utilize Vested IDOs as part of their launch strategy. With SUIS Protect, investors can have confidence in their investment and can trust that the projects they are investing in will have the support they need to succeed.

How it started

Our team was captivated by the potential of the Sui blockchain and made the decision to fully focus our time and effort on researching and developing Sui DApps. As part of our commitment to contributing to the Sui ecosystem, we created the SuiS launchpad with the goal of helping Sui projects progress further on their roadmaps.

What makes us different

Our Initial DEX Offering (IDO) process is designed to be a three-phase process that aims to ensure fairness, transparency, and accessibility for all participating users. Here's a closer look at each of the three phases:

1st Phase:

Our IDOs will be divided into two categories: Guaranteed and Public IDO, each with their own unique allocation calculation method.

Public IDO: The participant allocation for Public IDO will be based on the user's performance in the project's campaign. Points will be awarded for completing quests, and the allocation will be calculated as follows:

$$Allocation = TotalAmountOfToken * (User Points / Total Registered Points)$$

where Total Registered Points is the sum of points earned by all registered users. This creates a competitive environment for users to participate, as they are motivated to complete more quests to gather more points, rather than just simply signing up for the whitelist.

Peter wants to participate in the Public IDO where the project plans to distribute 10000 tokens. He earns 150 points by completing quests on Crew3, Twitter, and Telegram. Meanwhile, the total number of points accumulated by all registered participants is 15000. Tom's allocation will be calculated as

$10000*(150/15000) = 100 tokens.$

Guaranteed IDO: For Private IDO, the participant points will be based on the amount and duration of their staked SUIS tokens. The formula used to calculate the points is:

$$Points = (1 + a) * b$$

where a is the user's share of the pool

$$a=100*(SUIS staked / Total amount of SUIS in the pool)$$

and b is the staked duration in days. The allocation calculation remains the same as the Public IDO:

$$Allocation = TotalAmountOfToken * (User Points / Total Registered Points)$$

with Total Registered Points being the sum of points earned by all registered users.

We have Susan who wants to participate in the Private IDO where the project intends to release 100000 tokens. She staked 1000 SUIS (which represents 2% of the total pool) for 30 days. Her points will be calculated as

$(1 + 2) *30 = 90$

The total number of points accumulated by all registered participants in the private IDO is 10000. Susan's allocation will be calculated as

$100000*(90/10000) = 900 tokens$

Phase 2: Sale

After determining participant's allocation, they can contribute using USDT or USDC based on their calculated allocation.

Phase 3: Distribution

In this stage, tokens will be sent to participants' wallets according to the project's metrics.

Our intended goal The three-phase IDO process is designed to provide equal opportunities for all participants while ensuring the stability and success of the project in the long run.