Flickto’s long awaited IDO (Initial DEX Offering) officially went live yesterday on the 27th of December via the launchpad provided by KICK.IO. Although the public can take part in the IDO from midday today (28th December), it had been the early investors that possessed a minimum of 10,000 KICK tokens who were able to successfully participate in the IDO a day before anyone else.
This was made possible thanks to the KICK Priority Round which saw all kinds of expectations be smashed and numerous investors already getting involved in what is shaping up to be a very successful event.
Flickto IDO goes live
Flickto had recently disclosed the details regarding the IDO, revealing that KICK.IO’s launchpad will be used and that it shall be partnering up with KICK to collectively make the IDO successful..
To that end, participating investors will need to register an account on KICK.IO, complete the KYC criteria, and then deposit the Cardano native token, ADA, to purchase the FLICK tokens. Also, at least $50 is required at a price of $0.01 to take part in the Initial DEX Offering.
Although the IDO shall continue until 12:00 UTC on December 30th, there can be little dispute over the fact that so far, Flickto has managed to outperform all previous expectations pertaining to the launch. $350,000 in total had been established as the fundraising target, which equates to 38 million FLICK tokens, and within just 2 hours of the IDO’s introduction, Flickto had already surpassed half of its goal. Furthermore, in under 7 hours, the $350,000 fundraising target had also been surpassed shortly before being increased to $500,000 as a result.
As of right now, Flickto has managed to successfully sell 93% of the abovementioned increased target, with the accumulated amount steadily increasing even as we speak. Due to the constant increase, it is very likely that Flickto shall be forced to boost the goal to $750,000.
Huge success between Christmas and the year’s end
Despite the fact that 2022 is almost upon us, Flickto took it upon itself to experience one last success in 2021 right after everyone shifted from the Christmas spirit to beginning celebrating the start of the new year. Flickto has been making waves as part of Cardano’s ecosystem as perhaps the only initiative of its type that caters to media-based projects and if the current state of the IDO is anything to go by, then supporters can comfortably look forward to even better developments on the horizon.
Additionally, Flickto had set 330,000,000 FLICK tokens as its hard cap for this round, which roughly equates to approximately $2.9 million. This will help guarantee that no matter which direction the IDO may go from here on out, allocation shall not be an issue. Also, this underlines the project’s strengths regarding its overall vision and aspirations, as only internal objectives have been met thus far, with much more success predicted as 2022 draws closer.
Lastly, the IDO, which is also the most monumental accomplishment of Flickto thus far, is still open for those who may have missed it at the beginning, and Flickto is hopeful that it can continue its wave of momentum for the remainder of the Initial DEX Offering’s duration until the 30th of this month.