๐Launchpad Subscription Model
The Mito Launchpad operates under a subscription model, offering three potential scenarios. For this overview, QUNT will be utilized as an example.
Scenario 1: Subscription Goal is Met
If the total subscription goal is reached, participants will receive 50% of their allocation in QUNT tokens, with the remaining 50% used to establish an automated trading vault aimed at fostering robust liquidity.
Participants will be granted QUNT-INJ LP tokens, representing their holdings, which they can redeem or stake immediately following the subscription period's conclusion.
Scenario 2: Subscription Goal is Not Met
If the total subscription goal is not met, all participants will receive a full refund of their tokens after the subscription period.
Scenario 3: Subscription Goal is Exceeded
If the total subscription goal is exceeded and oversubscribed, participants will receive a pro-rata share of their allocation.
For instance, if a participant subscribes to the Launchpad with $10, but the goal is exceeded by a factor of 5, they will receive an $8 refund in the original asset they initially subscribed with. The remaining $2 will be allocated to the participant, with 50% given as QUNT tokens and 50% deposited into an automated trading vault.
Whitelisted participants will be able to subscribe up until the subscription time concludes.
Participants will receive QUNT-INJ LP tokens to represent their holdings in that vault, which can be redeemed or staked immediately following the subscription period's conclusion.
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