MDAO Maker is a platform for conducting allocation distributions for projects in the early stages of development.
An allocation involves the project allocating funds for subsequent distribution among users.
What defines an “early-stage” project?
This refers to the period when a project is preparing to enter the market, thus resulting in relatively low token prices. When a successful project enters the market, the token price increases, allowing them to be sold on the exchange at a higher price.
As you can understand, this opportunity is quite enticing, as the MDAO Maker platform has a system of stages. It offers an opportunity for anyone interested to acquire startup tokens.
Today, we will discuss the third, small yet significant MDAO Maker stage. During this stage, you can increase your chances of receiving an allocation.
The Hold Stage
During this stage, users retain a certain amount of MDAO in their MDAO Telegram Wallet balance to be eligible for the allocation.
What happens during the Hold Stage on MDAO Maker?
When a project on MDAO Maker enters the Hold Stage, the MDAO Telegram Wallet bot takes several snapshots of your balance. Based on this, the bot ensures that the user has retained the minimum amount of MDAO throughout and calculates the average balance.
Tickets are allocated based on the average balance (in the next stage). If the token’s average balance falls below the minimum, the user will not receive any tickets. The larger the balance, the more tickets are awarded.
During the Hold Stage, you can withdraw, deposit, and transfer assets, but remember to maintain the minimum amount of MDAO in your balance to continue participation.
How can you determine the required amount of MDAO to retain for acquiring the allocation of a specific project?
This information is available on the MDAO Maker website under the specific project’s page in the “MDAO PER TICKET” line.
Additionally, you can obtain this information by accessing the MDAO Telegram Wallet bot, navigating to “Menu,” selecting “MDAO Maker,” then clicking on “Available IWO,” and choosing the relevant project. The “Minimum quantity of MDAO on balance” line will provide the necessary information.
How to increase your chances of acquiring an allocation?
During the Hold Stage, users can withdraw, deposit, and transfer assets while maintaining the minimum MDAO balance.
What happens if you deposit a large amount of MDAO tokens into your MDAO Telegram Wallet balance during the Hold Stage?
Let’s consider an example:
- At the beginning of the Hold Stage, Danny had exactly the minimum required MDAO balance of 1000 MDAO in his MDAO Telegram Wallet.
- The bot took a snapshot of the user’s balance.
- While the Hold Stage was ongoing, Danny decided to deposit a large amount of MDAO into his MDAO Telegram Wallet. Now, he has 10,000 MDAO in his balance.
- After the Hold Stage ends, the bot takes another snapshot and calculates that Danny’s average MDAO balance during the Hold Stage was 5,500 MDAO. If Vanya had deposited the balance before the start of the stage, the average balance on his account would have been 10,000 MDAO.
During the next stage (Ticket Distribution), all participants receive tickets. The number of tickets depends on your average MDAO balance. We will explain what these tickets are and how they differ from payment tickets in the next article.
*The exact number of tickets will vary depending on the project, as it depends on various factors: allocation size, the number of participants, and the total number of payment tickets.
Conclusion: The more MDAO a user retains in their wallet before or during the Hold Stage, the more tickets they will receive in the next stage.
In Conclusion
There is no specific action required during the Hold Stage, but if you want to increase your chances of acquiring an allocation, deposit a significant amount of MDAO into your MDAO Telegram Wallet balance.
How to purchase MDAO tokens?
It’s very simple! Follow the link and you will find instructions on how to purchase MDAO tokens through our wallet bot, MDAO Telegram Wallet, which allows you to subscribe to a project’s allocation.
