Kommunitas x Firepot Finance Priority IKO Details

Kommunitas Priority Project Upcoming IKO Sales – Firepot Finance

Hello KOMmunity! Prepare yourselves for a captivating update! We’re thrilled to introduce the upcoming Kommunitas Priority Project. If you’re new here, no need to worry! Click on this link to catch up on the details of our Priority Projects. Now, let’s get ready for our next standout initiative – Firepot Finance! Stay tuned for a truly engaging journey!

What is Firepot Finance?

Firepot is revolutionizing the DeFi landscape, aiming to simplify access and global adoption. Unlike typical crypto projects targeting only existing Web3 users, Firepot Finance reaches out to everyday individuals familiar with CeFi systems, working to create an inclusive environment for all. With mechanisms like the AI copilot, Robo Advisory, and the Omni Chain dWallet, Firepot Finance is confidently backing its vision. Their relentless dedication to innovation is powered by a unique approach, which drives them to achieve remarkable results.

Some of the $HOTT token utilities include:

• Governance of all of the protocols and voting.
• Token holders can stake to lower subfees, etc.
• Stakers can also benefit from others who unstake early.

You can learn more about Firepot Finance by checking out their whitepaper. More details, insights, and activities will be shared across both Kommunitas and Firepot Finance channels or discord.

IKO SUBSCRIPTION TIMELINE

Subscription Period	Date & Time
Staking Period	The end date will be on August 25th, 2023 at 3.00 AM UTC
Purchase Period	August 25th, 2023 at 9.00 AM UTC – sold out
Claiming Period	Expected 9th September, 2023

Firepot Finance TOKEN SALE DETAILS

Description	Details
Token Ticker	$HOTT
IKO Hard Cap for Kommunitas:	$350,000
IKO Token Price:	$0.005
Total Token Supply (TTS):	1,000,000,000 $HOTT
TTS Allocated to Kommunitas:	30,000,000 $HOTT
Token Vesting:	15% at tge 2 months cliff 4 months linear
Available Network:	Arbitrum
Protection	Kommunitas Priority Project & Kommunitas Refunds Policy

Let’s dive into the specifics of the Firepot Finance IKO schedule on Kommunitas:

Booster 1 Round – August 25th, 2023 at 9 AM UTC – 5 PM UTC

• Participation is exclusive to voters and whitelisted addresses only.
• Ensure you have KOMV tokens to cast your vote. A guide here is available to assist you in acquiring $KOMV tokens.
• Your allocation in Booster 1 is directly proportional to the amount of KOM tokens you staked – the more you stake, the more the allocation.
• This is guaranteed allocation rounds, you don’t have to rush. You’ll have ample time to purchase your allocation.

Booster 2 Round – August 25th, 5 PM UTC – August 26th, 1 AM UTC

• Only voters (excluding those on the whitelist) are eligible for this phase.
• The allocation for Booster 2 is determined by the leftover tokens from Booster 1 that were not sold.
• This is guaranteed allocation rounds, you don’t have to rush. You’ll have ample time to purchase your allocation.

Booster 3 Round (FCFS Round) – August 26th, 1AM UTC – 9 AM UTC:

• The round is accessible to all participants who’ve staked a minimum of 100 $KOM.
• The process operates on a ‘First-Come, First-Served’ basis.
• The minimum and maximum ticket size will be calculated once the Booster 2 rounds have concluded.
• Please note a 3% non-refundable fee will be applied to your purchase amount in this round.

Booster 4 Round (Community Round) – August 26th, 10AM UTC – sold out

• Everyone is welcome to participate (both stakers and non-stakers).
• This round only takes place if there are remaining tokens from the Booster 3 round.
• The allocation is based on a ‘First-Come, First-Served’ principle.
• Booster 4 rounds remain open until all tokens are sold out or until the day prior to the token listing.
• Please note a 5% non-refundable fee will be applied to your purchase amount in this round.

KOMMUNITAS REFUND POLICY

In order to enhance investor protection, we’re introducing a refund policy at Kommunitas. If, post-listing, the token price falls below the Initial KOMmunity Offering (IKO) price for over 24 hours within a 48-hour timeframe, we will offer a full refund option to the IKO participants. We’ll verify this by referencing the Dextools H1 chart for tokens listed on both DEX and CEX, or the larger CEX’s H1 chart for tokens listed across multiple CEXes.

In simple terms, we’ll check the token’s hourly chart and draw a line at the IKO price. If more than 24 out of 48 bars show the opening and closing price below the IKO price, we consider the project has failed to maintain its price, triggering a full refund option. If fewer than 24 bars are below the IKO price, the project has had a successful listing, and we’ll release funds based on the initial vesting percentage. However, the project still needs to ensure the price doesn’t fall below the IKO price for 3 consecutive days until 50% of their tokens are unlocked. This rule doesn’t apply to non-Priority Projects or projects with an initial vesting schedule of 50% or more.

Here’s your guide to participating in the Firepot Finance Initial KOMmunity Offering (IKO) on Kommunitas!

1. Acquire KOM Tokens:
   Your first step is to purchase KOM tokens, which are integral to participating in the IKO. If you’re unsure about where and how to purchase $KOM tokens, don’t worry! Check out the following link for a comprehensive guide:

Link: https://docs.kommunitas.net/exchanges-1

2. Stake Your KOM:
   Stake your KOM tokens in any of our staking pools. Keep in mind that this is a locked staking scenario, but it comes with rewarding returns. You can check out our staking FAQs for more information: https://docs.kommunitas.net/faqs/staking-faq

3. Once you stake more than 3,000 KOM tokens, you’ll be awarded 1 KOMV (KOM Voting) Token. This will allow you to vote in Booster 1 of each Public Sale. For those interested in Private Sales, a minimum stake of 500,000 KOM is required.

4. Don’t forget, you need to stake and cast your vote before the end of the ‘Last Staking and Voting Period’, which is detailed in each upcoming project’s information.

5. Cast Your Vote
   Now that you’ve staked your KOM tokens, it’s time to vote for the project.

6. Grab Your Allocation:
   When the subscription window opens, you can purchase your allocation. Remember, the more KOM tokens you’ve staked, the larger the allocation you’re eligible for.

Follow these steps to embark on an exhilarating journey with Firepot Finance!

Do you want to boost your earnings effortlessly? Join Firepot Finance Vote, Share, and Buy Campaign and Airdrop here!

• Participate in Firepot Finance Vote, Share, and Buy Campaign and unlock enticing rewards by voting, sharing, and purchasing the token! Your engagement will be generously rewarded, and the more projects you buy, the greater the rewards you’ll receive. If you want to read more about this campaign, just click here

• Would you like to receive more rewards? Simply by joining the Firepot Finance IKO Airdrop Competition! 100 lucky winners will get an extra $HOTT. If you want to read more about this airdrop, just click here