Hey Wizard! 👋
We are back with another exciting news. 🎉
Following up our Alliance partnership with Forge Finance, Wizard Financial & Forge Finance are bringing Fortunas Finance IFO (Initial Forge Offering) that is going to take place this month. All the details about IFO are present in this post so make sure to read it till the end.
About Fortunas Finance:
So, for those who don’t know, Fortunas Finance is building a smart Defi ecosystem, one that has a fundamental grasp on the principle of supply and demand. By using a smart risk-reward structure, they are building an exciting protocol that will reward holders for years to come. All while building multiple revenue streams and garnering investor trust. In short, it is the only protocol that gives you the power to directly increase your return on investment, truly rewarding long-time holders while ensuring long-term sustainability.
Now, lets move towards the IFO details.
Overview of Rounds:
- Whitelist Round: 4PM UTC/9AM PST
- $FORGE holding Round: 5:00PM UTC/10:00AM PST
How to participate:
Make sure you are connected with your wallet on Wizard Website and your wallet is on BSC Mainnet.
(Participation links are given below)
*Participation is First come first serve (FCFS) for each round.
*You need BUSD in your wallet to participate in the sale (for each round).
*Only whitelisted wallets will be able to participate in the Whitelist Round.
[Currently a way to get onto the whitelist would be to participate in Fortunas Finance AMAs and giveaways (if any).]
*Wallets holding 10,000 or more $FORGE tokens will be able to participate in $FORGE Holding Round.
Note: If you are whitelisted and holding 10k or more $FORGE tokens then you can participate in both rounds.
How IFO will work:
The duration of presales will be 24 hours but it is highly recommended that you all are ready at the time of IFO launch who knows if it is all done within a few hours as it is FCFS. It will be a token claim not airdrops so you will need to claim your $FRTNA tokens from the same page where you committed your BUSD.
-At (4PM UTC/9AM PST) Whitelist Round goes live and Whitelisted users get 2 hours to commit their BUSD.
Whitelist Round Link
-At (5PM UTC/10AM PST): $FORGE Holding Round goes live. Users will need to hold at least 10,000 $FORGE tokens in their wallet to participate in this round and they’ll have an hour to commit their BUSD.
$FORGE Holding Round Link
-At (6PM UTC/11AM PST): If both or any of the round aren’t fill by this time, we’ll open them for public which means anyone will be able to participate in the sale without any special whitelist or holding requirements.
-If you’re using Wizard platform for the first time to participate in the sale, you’ll have to approve our IWO/IFO contract first. As soon as sale goes live, approve the contract and when the transaction is confirmed, input the BUSD amount you want to commit and then confirm the commit transaction as well and that’s it.
Fortunas Finance IFO Details Summary:
Initial Supply: 50,000,000
Total allocation for IDO: 11.625% (5,812,500 $FRTNA)
IFO Date: 12th Sep, 2022
IFO Time: 4PM UTC/9AM PST
IFO Price: $0.0068817
$FRTNA Per 1 BUSD = 145.312
Listing Price: $0.0069067
HardCap/Raise on Wizard: $40k
Token Tax: 10% buy/10% sell
Vesting: 100% at TGE
Listing Date: 13th Sep, 2022
Listing Time: 4PM UTC
Max Contribution Amount For each round:
Whitelist Round — 2,000 BUSD max
FCFS Round — 1,250 BUSD max
Can’t someone take the entirety of the allocation?
Theoretically if they were fast enough with multiple wallets and or multiple people all with whitelist spots and were fast enough sure.
It is our job as a launch pad to fill the allocation.
As an investor if you are unable to get in, this may mean you either sit it out or you wait for the inevitable dip that comes from the presales to be able to buy in.
So these were the entire details that you all need to know about Fortunas Finance IFO,
Just a few days left ⌛️ So, make sure you are all set for the IFO. Till then make sure to stay connected with us and with Fortunas Finance for all the latest updates.