Participating in IDOs with NFTs
Rentapad revolutionizes IDO participation by using NFTs as access keys. This eliminates the need for traditional token staking and provides a more flexible and accessible experience for users.
Prerequisites:
- Own or Rent an NFT: To participate in an IDO on Rentapad, you must either own or rent an NFT associated with that specific IDO.
- Connect Your Wallet: Ensure your Web3 wallet (e.g., MetaMask, Trust Wallet) is connected to the Rentapad platform.
Steps to Participate in an IDO:
- Browse IDO Listings: Navigate to the "IDO Launchpad" section on the Rentapad platform. You'll find a list of upcoming and ongoing IDOs.
- Select an IDO: Click on the IDO you are interested in to view its details, including the project information, tokenomics, timeline, and the required NFT tier for participation.
- Verify NFT Eligibility: Ensure you own or have rented an NFT that meets the tier requirement for the selected IDO. You can view your NFTs in the "Dashboard" section.
- Join the IDO: If you have an eligible NFT, you'll find a "Join IDO" or similar button on the IDO details page. Click this button to proceed.
- Confirm and Contribute: Review the IDO details and your allocated amount. Confirm your participation and contribute your desired funds (up to your allocation limit) using your connected wallet. Once the transaction is confirmed, you'll be officially participating in the IDO.
Allocation and Token Distribution:
- Allocation Size: Your allocation size in the IDO depends on your NFT tier. Higher tiers receive larger allocations.
- Token Distribution: Once the IDO successfully concludes, project tokens will be distributed to your connected wallet, typically according to a vesting schedule (if applicable). Track the distribution status on the IDO details page or your dashboard.