Squad Game is a community-exclusive, invite-only event offered in two distinct separate rounds. All participants of all rounds will be invited via email and must pass KYC to participate. The registration and KYC processing window opens on October 19 and will continue until November 9.
Round 1 is a guaranteed allocation and will be open for 24 hours starting November 10. Participants from round 1 are invited to also participate in round 2 that is first-come, first-served. Round 2 will open 5 hours after the close of round 1.
The goal of Squad Game is to reward and thank the Manta community members for their ongoing support throughout the Manta project development in the past, present, and future. Thus, Squad Game is designed to maximize the population of Manta token holders by enabling involvement for as many community participants as possible. As part of this initiative, we have decided on the following design:
- 1.Low maximums to deter single individuals or groups from taking too much of the token allocation.
- 2.Low minimums to allow community members to participate with smaller amounts.
- 3.Two rounds to maximize the amount of participation from the community.
The pricing for the round will be 0.0082 DOT expressed in USD value. The USD value on the average price of DOT from October 13, 2021 (the date we announced the Squad Game event) until November 5, 2021 (the date that this email was released). This data was collected through CoinGecko and based on opening prices of each day. The equivalent value in USD based on said average price amounts to $0.36.
Because of the various cryptocurrencies and stablecoins that we are accepting in our event, the price of the sale will be locked at a $0.36 USD value per token. This means that, on the dates of the sale (November 10 and 11), the DOT or ETH amount may change based on market fluctuations.