We have passed the community voting for ITO, which started at 11:30am，October 15th SGT and ended at 11:30pm October 16th SGT. A total of 198 addresses have voted for us, with the total votes of 117.25k (“Yes”- 117.23k, “No”- 24.88). According to the community voting mechanism, Parasset has passed the voting and will go into ITO launch.
ITO Details:
Ticker: $ASET
Round 1:
Total value: $50,000
Limit Per Address: 1,000 ASET
Price per $ASET: $0.5
Quote Token: $USDT, $USDC, $NEST (based on the market price of Oct 17th)
$MASK balance at snapshot: ≥ 500
Start time: 20:00pm Oct 18th, SGT.
Round 2:
Total value: $35,000
Limit Per Address: 500 ASET
Price per $ASET: $0.5
Quote Token: $USDT, $USDC, $NEST (based on the market price of Oct 17th)
$MASK balance at snapshot: ≥ 200
Start time: 22:00pm Oct 18th, SGT.
Round 3:
Total value: $15,000
Limit Per Address: 300 ASET
Price per $ASET: $0.5
Quote Token: $USDT, $USDC, $NEST (based on the market price of Oct 17th)
$MASK balance at snapshot: ≥ 0
Start time: 12:00am Oct 19th, SGT.
Note:
1.You can participate in all three rounds of ITO as long as you meet $MASK holder requirements. There will be a random snapshot of the $MASK balance for Round 1&2 of ITO.
2.If $ASET in the former round is not fully sold out, the rest of $ASET will be added to the next round of ITO. Each round of ITO will last 1 hour.
3.Parasset has the right to reject the bot addresses when whitelisting.
4.Random factors will be added to the Round 3 of ITO to make bots less competitive.
5.The right of final interpretation is reserved to Parasset and Mask Network.
6.$ASET from ITO will be released on the BSC network.
About Parasset
Parasset is an innovative collateralization lending/synthetic asset protocol. Users can mint p-assets, such as pETH, pUSD by collateralizing NEST/ETH, etc.
Parasset combines some features from both MakerDAO and Liquity. It can collect revenue through the stability fees like in MakerDAO, while it has an Insurance Pool which plays a role similar to the Stability Pool in the Liquity, making the risk control even better. Parasset uses fully decentralized oracle NEST, making it contain unique applications for price quotation miners.
The Insurance Fund keeps the parallel assets and the underlying assets in a 1:1 equivalence relationship. The increase in the size of the pool reinforces the anchoring of the value of the parallel assets to the underlying assets.
The Insurance Fund LP Earns 4 Types of Returns: Transaction fee of 0.2%, Stabilization fee, Liquidation residual value and ASET.
Investors:
Huobi Ventures, FBG Capital, OKEx Blockdream Ventures, 21DAO, AU21, Gravity Resource, LD Capital, Infinity Labs, HOT LABS, Kernel Ventures, LINKVC, Kyros Ventures, All For Ventures, 100X Capital, YBB. Foundation, 7 O’Clock Capital, etc.
How to participate in ITO
*All screenshots are for reference only.
How to create your Mask account?
1.1 Download
Download and install Mask Network at http://mask.io.
You can also search Mask Network in the Chrome or Firefox extension store.
1.2 Onboarding
New users can follow the instructions to setup.
Create a new persona.
Click “Connect with a Twitter account”.
Mask will redirect to the Twitter page and detect your username.
Confirm your username and click “Connect to twitter.com”.
Now you can say Hi to your friends! Click “Compose Encrypted Post” and choose who can decrypt your post.
1.3 Set up Wallet
Mask will automatically create a new wallet address for new users.
Click the blue “Mask” button on the top right corner.
Click “Enter Dashboard”.
Click “Wallets” to view your wallet. Remember to backup!
1.3.1 Change Wallets
Method 1:
Click the “Mask” button on the top right corner.
Click “Enter Dashboard”.
Click “Wallets”.
Click the existing wallet address.
Click “Change” to connect with your daily wallet. (Now supports MetaMask and WalletConnect)
Method 2:
Search $XXX in Twitter.
Click “Swap🔥”.
Click the existing wallet address.
Click “Change” to connect with your daily wallet.
How to Participate in ITO?
Find the ITO tweet. This tweet will be released by @Parasset2021 before the time that each round of ITO begins.
Click “Enter” to participate.
Review the “Swap Reminder” carefully.
Click “I understand”.
Click “Continue”.
Enter the amount of $XXX you want to swap and Click “Unlock”
Confirm your transaction.
After the transaction is confirmed, you will see the success page, and you can post tweets to tell your friends!
Twitter：https://twitter.com/Parasset2021
Telegram：https://t.me/parasset_chat
Medium：https://parasset2021-55646.medium.com/
Website：https://www.parasset.top
GitHub：https://github.com/Parasset
