Kommunitas launch its new private sale – CANDY CASH

The Candy Cash ($CANDY) Private Sale on Kommunitas

In February 2022, the decentralized launchpad Kommunitas hosted a private sale for Candy Cash, a play-to-earn (P2E) puzzle game. The event provided an early-stage investment opportunity for Kommunitas community partners and Key Opinion Leaders (KOLs) to acquire the native $CANDY token.

About Candy Cash: A Play-to-Earn Puzzle Game

Candy Cash is a play-to-earn game built on the popular “match-three” puzzle format, made famous by games like Candy Crush. The project’s goal was to tap into the massive casual gaming market by integrating blockchain-based rewards, allowing players to earn cryptocurrency and NFTs for their in-game achievements.

Private Sale Details (February 2022)

The private sale on Kommunitas was structured with clear terms, featuring a detailed, multi-stage vesting schedule to ensure a gradual release of tokens into the market post-launch.

Token Sale & Vesting Details

• Sale Start Date: February 12, 2022
• Token Symbol: $CANDY
• Private Sale Price: $0.12
• Total Supply: 100,000,000 $CANDY
• Vesting Schedule: The token release was structured as follows:

1. 1. An initial 10% of tokens were unlocked at the Token Generation Event (TGE).
   2. This was followed by a 3-month cliff (a lock-up period where no additional tokens are released).
   3. After the cliff, 13% of the tokens were distributed each month for the next six months.
   4. A final 12% of the tokens were unlocked in the last month of the vesting period.

Whitelist Participation Rules

Kommunitas employed its standard, structured approach to ensure a fair and orderly sale process for its partners.

• The “Booster 1” Requirement: Whitelisted addresses were guaranteed an allocation but were required to purchase it during the first round of the sale, known as “Booster 1.” Missing this initial window meant forfeiting the spot.
  
  
• Payment Method: All purchases had to be made using USDC on the Polygon network.
  
  
• Wallet Strategy: It was recommended that participants already staking $KOM use a separate, non-staking wallet for the whitelist. This allowed them to secure their whitelist purchase in Booster 1 while still being eligible to participate in other sale rounds with their primary staking wallet.
  
  
• Approval Process: All whitelist spots were subject to final approval by the Kommunitas and Candy Cash teams.