Solcubator IDO Is Coming — Nov 1st, 2:00 PM UTC

Solcubator aims to drive the expansion and adoption of the Solana ecosystem by providing a secure and decentralized platform for projects seeking funding and incubation and for investors to filter the value-added projects as it’s community-driven.

This article focuses on illustrating a clear rundown of the upcoming Solcubator TGE, including the IDO event. The sole prerequisite of participating in the latter is a whitelisted address. Please navigate to the public sale pool on our website and connect your wallet to see if you qualify for the whitelist.

The response to our whitelisting competition was genuinely astonishing. We’re humbled by the tremendous interest it generated for our token. At the same time, it left plenty of people wondering how many people were accepted to the whitelist. We had more than 450k unique entries, but we had to filter out about 200k of these (invalid entries). Next, our algorithm considered the number of bonus entries per individual entry and accepted roughly 17.5% of these 250k valid entries at random. While many argue that the outcome presents a ridiculous number of potential participants, we deliberately made it as such to make our first IDO a thriller as many users are keen on obtaining a share of our tokens. Nevertheless, please understand that we intend to organize our upcoming IDOs on a guaranteed allocation basis, where the number of SOLC tokens you hold determines your allocation. We’re making a considerable effort to make our future IDOs fair, and we want to listen to the community down the line.

The Solcubator IDO will take place on Monday, Nov 1st, at 2:00 PM UTC.

Whitelisted users may participate in the IDO on our website, starting precisely at the given time.

The IDO involves the fixed sale of 10,000,000 SOLC tokens to be sold at $0.035 per token (denominated in SOL). The SOL price will be pegged to USD 24 hours prior to the start of the IDO to set the price per token in SOL. Make sure to have your wallet funded with SOL in advance. Sollet (Extension) and Phantom are the only wallets that are currently supported. Support for other wallets will be added with time.

Key takeaways of the IDO process:

• 24 hours before the sale begins, the conversion rate from SOL:USD will be set ($SOLC is priced at $0.035 in SOL per token);
• Whitelisted participants who wish to participate must then acquire or hold enough SOL (in their Sollet or Phantom wallet) to fund their desired investment;
• When the sale starts at 2:00 PM UTC on Nov 1st, whitelisted participants may buy up to a max allocation of 5 SOL;
• Remember that the sale is carried out on a First-Come-First-Served (FCFS) basis. We recommend you to close off any distractions sometime before the IDO to concentrate on the buying process;
• Shortly after the IDO is finalized, SOLC token will be tradeable on Raydium. The liquidity will be locked with SolMinter for six months. Your tokens are fully unlocked at TGE;
• During this time, stay alert and aware of scammers. We only communicate via the official social media channels listed on our website.

Public sale details:

Type: SPL Token on Solana
Name: Solcubator
Ticker: SOLC

Total supply: 150M
Decimals: 9
Token contract address: Bx1fDtvTN6NvE4kjdPHQXtmGSg582bZx9fGy4DQNMmAT

Listing rate: $0.04 (denominated in SOL)
Initial circulating supply: 16,875,000 SOLC

Intial market cap: $675,000

• Date and time: November 1st, 1:00 PM UTC
• Location: Our website
• $SOLC available for sale: 10,000,000 SOLC tokens
• Raise currency: Funds raised in SOL
• Price per token: $0.035 denominated in SOL (TBD after the SOL:USD conversion rate is set 24 hours before the start of the sale.)
• Total max allocation per whitelisted wallet: 5 SOL
• Vesting: N/A

Frequently Asked Questions

Question: How do I know if I won in the public sale lottery?
Please navigate to the public sale pool on our website and connect your wallet to see if you qualify for the whitelist. We also made a short instructional video about it on our Twitter.

Question: How many people have been accepted to the whitelist?
Answer: We had more than 450k unique entries, but we had to filter out about 200k of these (invalid entries). Next, our algorithm considered the number of bonus entries per individual entry and accepted roughly 17.5% of these 250k valid entries.

Question: What is the public sale rate?
Answer: The TGE rate will be $0.035 per SOLC denominated in SOL.

Question: Is there a minimum purchase?
Answer: The minimum purchase amount is 0.01 SOL.

Question: Do I need to send my total allocation in one transaction?
Answer: You can buy multiple times as long as the round is open and your max allocation of 5 SOL didn’t hit.

Question: What is the mint address?
The token address is Bx1fDtvTN6NvE4kjdPHQXtmGSg582bZx9fGy4DQNMmAT. Note that you do not need to mint an account or do anything with it to receive any SOLC tokens.

Question: Which countries are excluded from the TGE?
Answer: Please note that we cannot accept any investment from the following countries:

• Afghanistan, Albania, Bahamas, Barbados, Botswana, Cambodia, Canada, Cuba, Ghana, Iran (the Islamic Republic of), Iraq, Jamaica, Korea (the Democratic People’s Republic of), Libya, Mauritius, Myanmar, Nicaragua, Panama, Pakistan, South Sudan, Sudan (North), Syrian Arab Republic, The Crimea, Trinidad and Tobago, Uganda, United States of America, Vanuatu, Yemen, Zimbabwe;
• Jurisdictions in which any applicable law prohibits participation or ownership of tokens;
• Jurisdictions that are subject to the United States, the United Nations, or other applicable sanctions/embargoes.

Question: When will I receive my airdrop?
Answer: You will receive your SOLC airdrop automatically right after our presale in the first week of launch. Note that the two airdrops we’ve had only apply to people who participated in the deprecated whitelist or our very first airdrop. Both airdrop distributions are on different dates (to be communicated) after the TGE.

Question: Do I need to pass KYC for the whitelisting or airdrop?
Answer: No KYC is required for both our public sale and the airdrop.

Moving on

You can find more answers to common questions on the FAQ page on our website. However, when in doubt, don’t hesitate to opt-in our various channels:

🐦 Twitter: https://twitter.com/Solcubator
🔊 Announcement Channel: https://t.me/SolcubatorAnn
✉️ Community Channel: https://t.me/Solcubator

*Disclaimer*

Always double-check that you’re using the official channels mentioned on our website and Twitter, and especially watch out for fake Telegram groups.