Penguin Finance

Penguin Launchpad (IDO Platform)

Fair token distribution for new projects launching on Avalanche

What is a Launchpad?

A launchpad platform allows new projects to fairly distribute their token to as wide an audience as possible. It is also an opportunity for investors to be financially involved in the earliest stages of a project. This means that projects are able to secure funding so they can focus on building value through their tokens and products.
At Penguin, we have developed a launchpad that gives new projects access to our loyal community of Penguins. This gives new projects added exposure and a chance to kickstart their own community.
Many launchpads today require KYC and only offer large allocations for developers and advisors - meaning that the token supply ends up in the hands of a few individuals. Having a centralized token distribution just means that smaller investors have no say in the future of a project they are invested in.
Our goal at Penguin is to make sure that tokens are distributed to as many investors as possible.

How did Penguin create the best Launchpad in Avalanche?

Instead of basing our Launchpad on a new token with no utility or inherent value, we’ve decided to utilize iPEFI to ensure that no centralized entity can manipulate the token offering for their own interests.
iPEFI is the token that represents staked $PEFI, which is a product of a fair launch and is famed for being one of the most decentralized tokens within the Avalanche Ecosystem.
Read everything you need to know about iPEFI here.

The Penguin Launchpad Vision

  • Fair Token Distribution with a much lower barrier of entry - smaller fish can also participate. Our launchpad is very much for penguins, not whales.
  • No KYC - this means that our launchpad is open to everyone, no matter where you are in the world. More importantly, your privacy is protected.
  • Support for new projects - we provide support every step of the way and help our IDO partners grow. Their success is also our responsibility and we take this very seriously. The IDO is just the beginning of our partnership!

How can I participate as an investor?

To qualify for an allocation, you will need to hold a certain amount of iPEFI. This amount will be adjusted for each offering due to the fluctuating price of PEFI, the number of holders and distribution of iPEFI. We will have several tiers determined by the amount of iPEFI held, with higher tiers offering bonus allocations.
Remember, the more iPEFI you hold, the more allocations you will receive.
Allocations are purchased with stablecoins (a choice of USDC.e, DAI.e, USDT.e or MIM).
The launchpad is just one of the dApps you can use your iPEFI for - follow our guide in getting iPEFI.

What is an allocation (AP)?

An allocation represents a share of all tokens to be distributed. The number of tokens you can acquire will depend on the number of allocation points (AP) you have.
For example: if there are 100 total allocations and you have 5 allocations, you’ll be able to acquire up to 5% of all tokens distributed through the Launchpad.

The Launchpad Process

1. Tier Announcement

  • We will announce the amount of iPEFI required for each tier so everyone can prepare. This amount changes on each Launchpad event so it's important to read the documentation prior to registering.

2. Registration Phase

  • You will register your iPEFI on the launchpad page to guarantee your allocation(s).
  • You will have several days to register.
  • The beauty of our launchpad is that your iPEFI is detected, no matter where it is - this could be your wallet or staked elsewhere, such as in Club Penguin.
  • It is very important that you hold your iPEFI until the start of the Claiming phase, as a random snapshot will be taken after the end of the Registration phase. This snapshot will determine your allocations.
Users who unstake their iPEFI from the nest immediately after registering will very likely miss out on any allocations.
The exact token per allocation can only be determined at the end of the Registration Phase, as it will depend on the number of iPEFI staked.
There is no need to unstake from the iPEFI Nest in order to participate.
Your iPEFI continues to earn interest when you are registered in the Launchpad!

3. Claiming Phase

  • You will exchange stablecoins for your allocated tokens (using USDC.e, DAI.e, USDT.e, MIM).
  • You will have several days to claim your IDO tokens.
If you don't claim during this period, you will miss out on your allocation.
Disclaimer: You should do your due diligence before engaging in any decision. IDOs can be a risky endeavor given the considerable volatility swings that tokens have in their infancy.

New Projects launching on Avalanche

If you are a new project looking to distribute your token in the fairest way possible and raise the initial funds for further development, please reach out to us here.