Approved: IDO of $AURORA

IDO of $AURORA should happen according to the document with SHA-256: bc742b1c7ab0ab8581e77995d213e3000296215fbebeae589c24b080bfa2b3b4. Aurora Labs to coordinate the sale on behalf of the AuroraDAO and provide tokens for the sale and post-sale activities from previous allocation

https://v2.sputnik.fund/#/auroradao.sputnik-dao.near/6

IDO proposal

Basic information

  • Total amount of sale: 250,000 $AURORA
  • Platforms for sale: SmartPad (Aurora), BocaChica (NEAR), Skyward (NEAR)
  • TGE: 18th November, 13:00 UTC

General reasoning
Aurora Labs has enough money to develop Aurora protocol, so there’s no need to do a big
token sale. The goal of the token sale is to distribute the token to the retail users and thus
create a set of early Aurora users. We propose to do the sale on three platforms to make an
outreach to three communities.

Sale schedule

  • Platform: SmartPad (Aurora)
    Date: 4th November
    Amount: 25,000 $AURORA
    Price: $1
    Accepted tokens: ETH

  • Platform: BocaChica (NEAR)
    Date: 11th November
    Amount: 100,000 $AURORA
    Price: $1
    Accepted tokens: $NEAR

  • Platform: Skyward (NEAR)
    Date: 17th November
    Amount: 125,000 $fAURORA
    Price: non-fixed
    Accepted tokens: $NEAR

The sale will happen in three phases with the increasing amount of $AURORA tokens
available for sale. All the chosen platforms are on the NEAR blockchain to develop its’
ecosystem. The sales are distributed in time in order to build the momentum towards the
TGE. All the sales start at 13:00 UTC to maximize the coverage of different time zones. All
tokens are distributed to the users only at TGE, which will happen one day after the Skyward
sale. No tokens will be locked.

SmartPad sale
SmartPad sale would happen on Aurora with the price of the token $1-worth of ETH at the
moment of the sale. The sale is open to everyone. The size of the check for a single user
ranges from $50 to $200. The platform is working on the first come – first served basis.

BocaChica sale
BocaChica sale would happen on NEAR with the price of the token $1-worth of $NEAR at the
moment of the sale. The sale is open to the users who are staking at least 50 $NEAR. The
size of the check for a single user ranges from $50 to $250. The platform is working on the
first come – first served basis.

Skyward sale
Skyward sale would happen on NEAR blockchain. The sale on Skyward will be open for 4
hours. Due to the specifics of the Skyward platform (continuous token distribution), during
the sale we will sell $fAURORA – the future $AURORA token that will be automatically
swapped to the $AURORA token at the TGE. $fAURORA is a non-transferrable token, so once
the user will get it on the Skyward sale, he’s unable to do anything with it.

Disclaimer
Due to the nature of the blockchain and constant changes in prices, transaction queues etc.,
the actual implemented scenario may have minor differences.