Greetings KOMmunity! Get ready for an exciting update! We’re delighted to unveil the upcoming Kommunitas Priority Project. If you’re a newcomer, don’t fret — click this link to catch up on the details of our Priority Projects. Now, brace yourselves for our next remarkable endeavor — GoWrap! Stay tuned for an immersive journey ahead!

GoWrap: Revolutionizing BRC20 DeFi with Seamless Cross-Chain Integration, Yield Farming, and Innovative Financial Services

GoWrap is a cutting-edge cross-chain DeFi protocol designed to elevate the BRC20 ecosystem by seamlessly integrating it into various blockchain networks. With a comprehensive suite of features, including a cross-chain bridge, GoSniper for simplified BRC20 purchases, yield farming, and a user-friendly swap mechanism, GoWrap aims to enhance liquidity, accessibility, and transparency for BRC20 tokens. The $GW token plays a central role, offering multiple utilities such as discounted fees, governance participation, and staking rewards. With a clear roadmap spanning phases for product launch, bridge expansion, and the introduction of innovative features, GoWrap is poised to revolutionize the BRC20 landscape and provide users with a robust decentralized financial experience.

Some of the $GW token utilities include:

• Bridging Fee: $GW is used as the primary token for platform fees, including bridging fees, facilitating seamless cross-chain transactions.
• GoSniper Access: Users can utilize $GW to access the GoSniper feature, enabling instant and efficient inscription purchases.
• Discounted Platform Fees: Paying for platform fees (e.g., bridge, swap, lend fees) with $GW offers users significant discounts, potentially up to 50% off, promoting cost-effective transactions.
• Staking $GW for Launchpad Participation: Staking $GW tokens grants users access to higher quotas during Launchpad events, providing enhanced opportunities for investment and participation.
• Yield Enhancement: Staking $GW in the Yield feature allows users to contribute liquidity and earn boosted rewards, further incentivizing active participation and engagement.
• Governance Rights: $GW holders have the ability to participate in the governance of the GoWrap platform, allowing them to vote on key decisions such as fee structures, functional improvements, revenue distribution, and assets to be listed on the Launchpad.

These utilities collectively enhance the user experience, incentivize token holding and participation, and contribute to the overall growth and functionality of the GoWrap ecosystem.

You can learn more about GoWrap by checking out their whitepaper. More details, insights, and activities will be shared across both Kommunitas and GoWrap channels.

IKO SUBSCRIPTION TIMELINE

GW TOKEN SALE DETAILS

Let’s dive into the specifics of the GoWrap IKO schedule on Kommunitas:

Booster 1 Round — TBA, 2023 at 9 AM UTC — 5 PM UTC

• Participation is exclusive to voters and whitelisted addresses only.
• Ensure you have KOMV tokens to cast your vote. A guide here is available here to assist you in acquiring $KOMV tokens.
• Your allocation in Booster 1 is directly proportional to the amount of KOM tokens you staked — the more you stake, the higher the allocation.
• This is guaranteed allocation rounds, you don’t have to rush. You’ll have ample time to purchase your allocation.

Booster 2 Round — TBA, 5 PM UTC — TBA, 1 AM UTC

• Only voters (excluding those on the white list) are eligible for this phase.
• The allocation for Booster 2 is determined by the leftover tokens from Booster 1 that were not sold.
• This is guaranteed allocation rounds, you don’t have to rush. You’ll have ample time to purchase your allocation.

Booster 3 Round (FCFS Round) — TBA, 1AM UTC — 9 AM UTC:

• The round is accessible to all participants who’ve staked a minimum of 100 $KOM.
• The process operates on a ‘First-Come, First-Served’ basis.
• The minimum and maximum ticket size will be calculated once the Booster 2 rounds have concluded.
• Please note that a 3% non-refundable fee will be applied to your purchase amount in this round.

Booster 4 Round (Community Round) — TBA, 10AM UTC — sold out

• Everyone is welcome to participate (both stakers and non-stakers).
• This round only takes place if there are remaining tokens from the Booster 3 round.
• The allocation is based on the ‘First-Come, First-Served’ principle.
• Booster 4 rounds remain open until all tokens are sold out or until the day prior to the token listing.
• Please note that a 5% non-refundable fee will be applied to your purchase amount in this round.

KOMMUNITAS REFUND POLICY

In order to enhance investor protection, we’re introducing a refund policy at Kommunitas. If, post-listing, the token price falls below the Initial KOMmunity Offering (IKO) price for over 24 hours within a 48-hour timeframe, we will offer a full refund option to the IKO participants. We’ll verify this by referencing the Dextools H1 chart for tokens listed on both DEX and CEX, or the larger CEX’s H1 chart for tokens listed across multiple CEXes.

In simple terms, we’ll check the token’s hourly chart and draw a line at the IKO price. If more than 24 out of 48 bars show the opening and closing price below the IKO price, we consider the project has failed to maintain its price, triggering a full refund option. If fewer than 24 bars are below the IKO price, the project has had a successful listing, and we’ll release funds based on the initial vesting percentage. However, the project still needs to ensure the price doesn’t fall below the IKO price for 3 consecutive days until 50% of their tokens are unlocked. This rule doesn’t apply to non-Priority Projects or projects with an initial vesting schedule of 50% or more.

Here’s your guide to participating in the Firepot Finance Initial KOMmunity Offering (IKO) on Kommunitas!

1.Acquire KOM Tokens:
Your first step is to purchase KOM tokens, which are integral to participating in the IKO. If you’re unsure about where and how to purchase $KOM tokens, don’t worry! Check out the following link for a comprehensive guide:

Link: https://docs.kommunitas.net/exchanges-1

2. Stake Your KOM:
Stake your KOM tokens in any of our staking pools. Keep in mind that this is a locked staking scenario, but it comes with rewarding returns. You can check out our staking FAQs for more information: https://docs.kommunitas.net/faqs/staking-faq

3. Once you stake more than 3,000 KOM tokens, you’ll be awarded 1 KOMV (KOM Voting) Token. This will allow you to vote in Booster 1 of each Public Sale. For those interested in Private Sales, a minimum stake of 500,000 KOM is required.

4. Don’t forget, you need to stake and cast your vote before the end of the ‘Last Staking and Voting Period’, which is detailed in each upcoming project’s information.

5. Cast Your Vote
Now that you’ve staked your KOM tokens, it’s time to vote for the project.

6. Grab Your Allocation:
When the subscription window opens, you can purchase your allocation. Remember, the more KOM tokens you’ve staked, the larger the allocation you’re eligible for.

Follow these steps to embark on an exhilarating journey with GoWrap!

Do you want to boost your earnings effortlessly? Join GoWrap Vote, Share, and Buy Campaign and Airdrop here!