Instructions to participate in SHO on Dao Marker

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2021-09-27 04:00:13

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What is SHO?

SHO (Strong Holder Offering) is a form of fundraising for investment projects, this is a form of distributing project tokens to active and quality investors. SHO is a way of allocating tokens on DAO Maker – A platform that provides leading fundraising tools today.

SHO creates a strong attraction for investors because of the profits it brings. Each project will have a different way of playing SHO. Usually, the more active users are on DAO Maker’s platform, the more accumulated points will be earned, which is an advantage when participating in SHO on this platform. In addition, less active investors are still likely to win the SHO but with a smaller percentage.

Conditions of participation

Previously, normally the individuals who attended SHO would be selected by Dao Maker. The mandatory condition is that you must be among the 150 most active people on this platform. However, this condition will be very limited for retail investors so DAO Maker has introduced a new law for SHO. Accordingly, investors must hold DAO tokens to participate in IDO.

Instructions to participate in SHO on Dao Maker

Step 1: Access https://daomaker.com/ to login or register for an account;

Step 2: Connect your wallet, Metamask or Wallet Connect;

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Step 3: Conduct account KYC;

Select Account => select KYC;

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Use Passport to conduct KYC;

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Step 4: Deposit and staking DAO Maker;

Depending on the project you want to participate in, there will be different limits, you will have to deposit the corresponding amount in advance;

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For different projects you must stake a certain amount of DAO to receive a certain amount of DAO Power to be eligible to participate;

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Choosing the form of DAO staking, you have 2 options:

  • DAO bet (Single DAO bet)
  • Staking DAO-USDC (You can bet your LP)

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After staking your DAO, you check DAO Power in Portfolio;

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To participate in SHO, you need to allocate your available DAO Power. The more DAO Power you allocate on a particular SHO, the higher your chances of winning (more DAO Power means higher Lottery Tranche).

  • Tranche 0: consumes 500-1999 DAO.
  • Tranche 1: costs 2000-3999 DAO.
  • Tranche 2: costs 4000-9999 DAO.
  • Tranche 3: consumes more than 10000 DAO.

Step 5: Sign up for the project:

Select the project you want to participate in, click “Research and Participate“;

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Research the project and press “Participate“;

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Complete the steps:

  • You are logged in.
  • You have connected the wallet to the platform.
  • You have completed KYC.
  • You have enough USDC pre-funded.
  • You have enough staked DAOs.
  • You have enough DAO Power.

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After implementing the terms, click agree to the terms and conditions;

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The final step will be to allocate DAO Power for the sale;

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Once completed, you will see the following screen confirming your participation;

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If you win you will see the following screen in case you win.

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Your pre-funded and locked deposit amount will be deducted automatically and you will get token for your project at TGE. Your used DAO Power will be locked for 15 days until you can use it again for other projects.

In case you are unlucky, we will see the following screen and will be unlocking your pre-loaded funds back to the previously loaded account. If your DAO Power will remain unused, you can use it to join other projects.

Epilogue

Hope this article helps you have an overview of SHO form and how to participate in SHO investment projects on DAO Maker. Good luck with your investment decision. Goodbye and see you in the next posts.

FTX

WARNING: Investing in financial products carries a lot of risk that may not be suitable for some investors. Therefore, please consider carefully and control yourself before making any decisions that are made up of the contents referenced here. CryptoViet.com.

#Instructions #participate #SHO #Dao #Marker

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