Introducing the Globe ($GDT) Crowdpooling on DODO ETH on 5/11/2021

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Update May 6th:
The Crowdpooling entrace is up!
New schedule for the IDO timing: the Start Time of the IDO on DODO will be 9PM May 11th, 2021 UTC+8 (Singapore Time), the IDO End Time will be 9PM May 12th, 2021 UTC+8 (Singapore Time) .
Thanks for your understanding.
Update April 30th:
Since we’ve got too many applicants for the Globe IDO whitelisting, it’s taking little more longer for us to deal with. The Start Time of the IDO on DODO will be delayed to May 2nd, 2021 UTC+8 (Singapore Time), the IDO End Time will remain the same.
Thanks for your understanding.

UPDATE: Please join here for whitelisting for vDODO holders: Globe DODO IDO - Whitelisting for vDODO holders

Hello CommanDODOs,

Globe $GDT will start a Crowdpooling campaign on DODO ETH on 4/30/2021, at 10:00 AM UTC+8 (Singapore Time). The proceeds will be used to create a liquidity pool for $GDT after the Crowdpooling and users will be able to trade $GDT with arbitrary ERC-20 tokens on DODO.

Crowdpooling on DODO is an equal opportunity way to distribute tokens and establish liquidity markets. The project team provides its project/governance tokens, and sets the token price and the amount of tokens to be issued. Anyone can subscribe to purchase the tokens during the campaign period.

If the overall subscription amount by participants is higher than the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool at the initial price. At the end of the Crowdpooling period, the corresponding token liquidity pool will be created and open for spot trading.

Crowdpooling Information

Crowdpooling entrance: https://app.dodoex.io/cp/join/0x8b726180f6c4977f2e98dbab670cf04b1c1627c1?network=mainnet

Project Name: Globe ($GDT)

Total Number of Tokens Provided by Project Team: 600,000 GDT

Crowdpooling Token Allocation: 300,000 Token (0.075% of the Total Token Supply)

Crowdpooling Hard Cap: 300,000 USDT

Crowdpooling Token Price: 1 GDT = 1 USDT

Personal Hard Cap: $500

Crowdpooling Start Time: 09:00 PM May 11th, 2021 UTC+8 (Singapore Time)

Crowdpooling End Time: 09:00 PM May 12th, 2021 UTC+8 (Singapore Time)

Note: After the conclusion of the Crowdpooling campaign, Token Symbol tokens will be immediately sent to each participant’s wallet. DODO will then make the GDT available for public trading for any ERC20 at the Crowdpooing Price.

Additional Notes on Crowdpooling

  1. Do NOT send tokens to or interact with the Crowdpooling contract address before or after the Crowdpooling campaign. Your tokens may be lost forever and DODO is not liable for any asset losses due to user contract interactions outside the Crowdpooling period.

  2. You can freely adjust your Crowdpooling stake amount at any time before the Crowdpooling campaign ends.

  3. If the total staked amount by participants is below the Crowdpooling hard cap, then all participants will receive tokens normally (i.e. the number of tokens received = the amount participants staked / token price). The leftover tokens will be put into the liquidity pool and become available for spot trading.

  4. If the total staked amount by participants is over the Crowdpooling hard cap, then all participants will receive tokens proportional to their shares of the pool, at the initial offering price. Any difference between the amount participants staked and the actual cost of the tokens (i.e., token price * the number of tokens actually received) is then refunded back to participants.

Note: Due to the flexibility of DODO’s Proactive Market Maker (PMM) algorithm, the opening price, once spot trading begins, can be equal to the Crowdpooling token price, even if the hard cap is not reached. That is, the opening price is not determined by the amount of assets in the resulting liquidity pools. How it works under the hood is that the PMM algorithm truncates part of the bonding curve and assumes that there is a certain amount of buying support in the market. Even if the amount of capital contributed by participants is low, the opening price can still be the Crowdpooling price, and the resulting bonding curve will have a minimum/floor price. Funds staked by users can then push the token price from the minimum price to the Crowdpooling token price.

  1. Participation in Crowdpooling is NOT risk-free. DODO is not liable and will not be offering compensations for any asset losses caused by factors such as project mismanagement, arbitrary and/or malicious token minting, and secondary market manipulation. Cryptocurrencies are a high-risk asset class, so please always proceed with caution and beware of various risks.

Project Profile

Name: Globe, powered by GDT -The Globe’s fairest & fastest crypto exchange built by Y Combinator alumni. Trade BTC, ETH, and DeFi Tokens with more leverage via perpetual futures contracts.

Official Website: https://globedx.com/

Twitter: https://twitter.com/globedx

Telegram: Telegram: Contact @Globeofficial

Medium: Globe Official – Medium

Update April 26th:
The vDODO whitelisting is live for application,
English Post: Globe DODO IDO - Whitelisting for vDODO holders
CN Post: Globe DODO IDO开放vDODO持有者白名单申请!

2 Likes

Hi,

Can anybody join the pool or is it limited?

regards

Update April 26th:
The vDODO whitelisting is live for application,
English Post: Globe DODO IDO - Whitelisting for vDODO holders
CN Post: Globe DODO IDO开放vDODO持有者白名单申请!

Update April 30th:
Since we’ve got too many applicants for the Globe IDO whitelisting, it’s taking little more longer for us to deal with. The Start Time of the IDO on DODO will be delayed to May 2nd, 2021 UTC+8 (Singapore Time), the IDO End Time will remain the same.
Thanks for your understanding.