A Look Back: The Cherry Network Public Sale on Kommunitas
Kommunitas, a decentralized and tier-less launchpad, has a well-defined structure for its token sales. This guide provides a historical overview of the rules and procedures for the public sale whitelist of the Cherry Network project, which was offered to Kommunitas community partners and Key Opinion Leaders (KOLs).
This event serves as a clear example of the participation process for sales hosted on the Kommunitas platform.
Overview of the Cherry Network Project
Cherry Network is a decentralized protocol that enables trustless file storage and integrates smart contracts to create a robust infrastructure for the Web3 economy. Its mission is to provide a more secure, private, and censorship-resistant alternative to centralized data storage solutions.
The Public Sale Whitelist Structure on Kommunitas
Participation in the Cherry Network public sale was managed through a whitelist process with a specific set of rules to ensure a fair and organized event.
Key Participation Rules for Whitelisted Members:
- Payment Method: Participants were required to prepare USDC on the Polygon network to complete their purchase.
- The “Booster 1” Requirement: A crucial rule for whitelisted addresses was the obligation to purchase their allocation during the first phase of the sale, known as “Booster 1.” Missing this initial window meant forfeiting the guaranteed spot.
- Separate Wallet Strategy: It was recommended that users who were already staking
$KOMshould submit a different, non-staking wallet for the whitelist. This strategy allowed them to secure their guaranteed whitelist allocation in Booster 1 while still being able to participate in other sale rounds with their primary staking wallet. - Final Approval: All whitelist applications were subject to final approval by both the Kommunitas and Cherry Network teams.
- Submission Deadline: The whitelist form was scheduled to close 24 hours before the official start of the sale.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.