MegaETH & Native Token IDO

Rainlaunch will begin with events before the official Token Generation Event (TGE).

During this period, testnet projects as well as our RAIN token launch will take place. Early users can engage with these listings following the overflow rule, a method that ensures fair distribution by allocating tokens based on the proportion of a participant's contribution relative to the total pool.

This phase is crucial for our RAIN community and users who wish to get involved in promising projects at their inception.

Overflow system

Definition

The Overflow Rule is a mechanism used to manage the allocation of tokens during RainMakr Rainlauch. When the demand for tokens exceeds the total supply available in the Token IDO, the overflow rule comes into play.

How Does Overflow Work?

Here's a simplified explanation:

Total commit: A specific amount of tokens is designated for the public sale. In case the total amount of USDT invested by participants does not exceed the value of the available tokens, there's no need for an overflow rule, meaning all participants who successfully complete their investments will receive their full allocation of tokens.
Distribution: Guaranteed share pool of whitelisted users will be fixed at 70%, while for public users it is 30%. At the end of the Rain Round, the leftover tokens (if any) will be added to the Public Round
Overflow: If the total amount of USDT invested by participants exceeds the value of the available tokens, a situation of overflow occurs.
Overflow Rule: To ensure fairness, the launchpad applies the overflow rule. This typically means that each participant receives a proportional share of the tokens based on their investment amount relative to the total funds raised in the pool (Whitelist or Public). The formula is below:
commit ratio = commit volume / total commit volume
IF total commit volume > volume cap (overflow):
actual commit volume = volume cap * commit ratio
refund = commit volume - actual commit volume
WHERE
- commit volume: volume USDT each user commit into IDO $RAIN
- total commit volume: Total amount of USDT all user commit into IDO $RAIN

Example:

Let's say a project offers 100,000 tokens for sale at a price of $1 per token. The total sale cap is $100,000, hence the cap for whitelisted is 70% of that, which is $70,000. If the total amount invested by participants reaches $200,000 for whitelisted users and $50,000 for public ones, the launchpad will use the overflow rule to allocate tokens.

Total funds raised: $200,000 for whitelisted users and $50,000 for public ones
Token price: $1
Total tokens available: $70,000 for whitelisted users and $30,000 for public users

In this case, provided that a whitelisted user committed $10,000 and a public user committed $5000

The whitelisted user will receive: (Individual commit/Total funds raised)*Total tokens available = (10,000/200,000)*70,000 = $3,500 worth of IDO tokens
Likewise, the public user will receive: (5,000/50,000)*30,000 = $3,000 worth of IDO tokens

After the calculation, users can claim back their excess amount of USDT.

IDO flow

Step 1: Investors connect their wallets to RainMakr
Step 2: Investors select an ongoing before TGE project in the tab Rainlaunch.
Step 3: Investors review the project information to gather information about the project, its token and the timeline.
Step 4: In the Rain Round, only whitelisted investors can participate. They can enter their desired amount of committed USDT and click the "Deposit now" button to deposit their committed amount
Step 5: In the Public Round, every investor can participate. The process is similar to step 4
Step 6: At the end of the depositing rounds, if overflow occurs, the amount each investor can claim will be calculated, and investors can claim back their excess USDT
Step 7: Investors claim the purchased tokens to their wallet by clicking the "Claim" button. To ensure the stability of the token price, investors can only claim a specific amount of their token when the corresponding claim period begins. In case an investor forgets to claim his/her tokens in a period, they will be available to claim anytime after the start of that corresponding claim period

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Last updated 1 month ago

Overflow system

Definition

How Does Overflow Work?

Here's a simplified explanation:

Total commit: A specific amount of tokens is designated for the public sale. In case the total amount of USDT invested by participants does not exceed the value of the available tokens, there's no need for an overflow rule, meaning all participants who successfully complete their investments will receive their full allocation of tokens.

Distribution: Guaranteed share pool of whitelisted users will be fixed at 70%, while for public users it is 30%. At the end of the Rain Round, the leftover tokens (if any) will be added to the Public Round

Overflow: If the total amount of USDT invested by participants exceeds the value of the available tokens, a situation of overflow occurs.

Overflow Rule: To ensure fairness, the launchpad applies the overflow rule. This typically means that each participant receives a proportional share of the tokens based on their investment amount relative to the total funds raised in the pool (Whitelist or Public). The formula is below:

commit ratio = commit volume / total commit volume

IF total commit volume > volume cap (overflow):

actual commit volume = volume cap * commit ratio

refund = commit volume - actual commit volume

WHERE

- commit volume: volume USDT each user commit into IDO $RAIN

- total commit volume: Total amount of USDT all user commit into IDO $RAIN

Example:

Total funds raised: $200,000 for whitelisted users and $50,000 for public ones

Token price: $1

Total tokens available: $70,000 for whitelisted users and $30,000 for public users

In this case, provided that a whitelisted user committed $10,000 and a public user committed $5000

The whitelisted user will receive: (Individual commit/Total funds raised)*Total tokens available = (10,000/200,000)*70,000 = $3,500 worth of IDO tokens

Likewise, the public user will receive: (5,000/50,000)*30,000 = $3,000 worth of IDO tokens

After the calculation, users can claim back their excess amount of USDT.

IDO flow

Step 1: Investors connect their wallets to RainMakr

Step 2: Investors select an ongoing before TGE project in the tab Rainlaunch.

Step 3: Investors review the project information to gather information about the project, its token and the timeline.

Step 4: In the Rain Round, only whitelisted investors can participate. They can enter their desired amount of committed USDT and click the "Deposit now" button to deposit their committed amount

Step 5: In the Public Round, every investor can participate. The process is similar to step 4

Step 6: At the end of the depositing rounds, if overflow occurs, the amount each investor can claim will be calculated, and investors can claim back their excess USDT

Step 7: Investors claim the purchased tokens to their wallet by clicking the "Claim" button. To ensure the stability of the token price, investors can only claim a specific amount of their token when the corresponding claim period begins. In case an investor forgets to claim his/her tokens in a period, they will be available to claim anytime after the start of that corresponding claim period