The First Voting on WhiteBIT Launchpad: The Details of Launching Scamfari

WhiteBIT
Published 21 August 2023
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The First Voting on WhiteBIT Launchpad: The Details of Launching Scamfari

Content

We are pleased to announce the start of voting for the first project of our WhiteBIT Launchpad. If you still need to do so, get acquainted with the project and learn the details of the distribution of new tokens in case of successful voting!

What is Scamfari?

Scamfari, created by the HAPI Foundation, is a crowdsourcing platform that unites the cryptocurrency community in promoting security awareness within the blockchain realm. The project aims to collect a database of crypto wallets of fraudsters and wallets involved in raising funds for criminal or terrorist activities. Credibility is maintained through dependable sources and real-time tools.

Scamfari Tokenomics

Scamfari’s native asset is the SCM token. The asset empowers the Scamfari community and rewards active platform users for their expertise in detecting fraud. A total of 100 000 000 000 SCM tokens were issued, which were distributed in the necessary proportions among the project’s funds and initiatives.

Category Percentage Unlocking Vesting Schedule Token Allocation
Public sale 10% 20% 80%/12 months 10 000 000 000
Public sale (Security Round) 0,5% 20% 80%/12 months 500 000 000
Initial Liquidity 5% 100% 5 000 000 000
Marketing 5.5% 10% 80%/24 months 5 500 000 000
Platform Rewards 30% 0% 1% monthly 30 000 000 000
Company 15% 0% 10% annually 15 000 000 000
Ekip 5% 0% 10% annually 5 000 000 000
Listings 10% 0% 10 000 000 000
Security Fund 3% 0% 3 000 000 000
Retrodrop 5% n/a 5 000 000 000
Ecosystem Fund 11% 0% 11 000 000 000

How to Vote, and What Is Allocation?

To take part in voting for Scamfari on the WhiteBIT Launchpad, you need to meet an essential requirement: having the second level of WBT Holding. The amount of WBT in Holding determines the allocation of USDT, which you can use for voting. Your USDT should be available in your Main balance. Find the levels of WBT Holding in the table below.

WBT Holding Level Min USDT allocation Max USDT allocation Max token amount
200 WBT 50 USDT 2500 USDT 25 000 000
4000 WBT 50 USDT 10 000 USDT 100 000 000
10 000 WBT 50 USDT 15 000 USDT 150 000 000
16 000 WBT 50 USDT 20 000 USDT 200 000 000
30 000 WBT 50 USDT 25 000 USDT 250 000 000
60 000 WBT 50 USDT 30 000 USDT 300 000 000
100 000 WBT 50 USDT 30 000 USDT 300 000 000
160 000 WBT 50 USDT 30 000 USDT 300 000 000
2 000 000 WBT 50 USDT 30 000 USDT 300 000 000
6 000 000 WBT 50 USDT 30 000 USDT 300 000 000

Note that the list in this table begins with the second level of Holding because the second Holding level is the minimum prerequisite for participating in Launchpad. The minimum USDT amount means the smallest amount of USDT that a Launchpad participant can invest in voting for a project. The maximum amount represents the upper limit of USDT available for voting purposes. For example, if you have the 4th Holding level, you can vote either 50 USDT or any amount up to 15 000 USDT. The maximum amount in token equivalent is the highest amount of new tokens you can get, depending on your Holding level. After ensuring you meet all the requirements, feel free to go to the Scamfari page on the WhiteBIT Launchpad and click “Vote.”

How Will the Tokens Be Distributed in the Case of Successful Voting?

If Scamfari collects enough votes, the project will be listed on our exchange. Launchpad participants of this project will receive new tokens according to vesting.

Vesting is a system of phased distribution of tokens of a project that was up for voting within WhiteBIT Launchpad. This means that the user will not receive all tokens at once, but a certain percentage of them. The rest of the tokens will be credited to the user in equal proportion during the period established by the project.

As part of the initial token distribution, you’ll promptly receive 20% of the project tokens you’re entitled to. This allocation is based on the USDT you’ve invested for voting. Afterward, following a vesting schedule, you’ll receive 6.74% of your allotted tokens during the first month of token distribution. Over the next 11 months, you will be receiving 6.66% of your tokens every month. Please remember that the staged distribution will start six months after the initial token distribution.

Voting for Scamfari is already available! Open the project page on WhiteBIT Launchpad and press “Vote.” However, first, ensure you meet the main conditions for participation. Read the article for more detailed information.