DBook IDO details and Tokenomics

2 min readMay 21, 2021

IDO Details

DBK sale will take place on May 23, 12:00 UTC exclusively on CrossPad.

Due to the high success of the portion dedicated to CrossPad community, this time we decided to give all the allocation to CROSS holders, as mutually agreed with DBook team.

However, due to the high volatility of these days, we decided to try out a vesting period to prevent huge dumps, so 50% of the allocation will be distributed on listing, 25% after 15 days and the last 25% after 30 days.

CrossPad Holders Pool
224,737 DBK
1 DBK = 0.00243 BNB
Listing
83,333 DBK
1 DBK = 0.00308 BNB
Circulating Supply at listing
112,368.5 DBK
Market Cap at listing
106,750$

Listing and Token distribution will take place right after the end of the DBK Sale.

CrossPad platform: DBK Sale process

A little recap on the method of DBK sale on CrossPad:

In order to join the DBK sale, investors need to hold a minimum of 1500 CROSS.
If you’re not familiar with the functionality of our Tier-free allocation system make sure to read our medium post about it:

https://crosspad.medium.com/crosspad-tiers-free-allocations-disrupting-the-old-tier-system-structure-5860ee424eb9

A snapshot of the CROSS holders addresses will happen at a random time in the early morning of 23th May, certifying the allocation for every address.
After that, the DBK pool will be open on our platform, and users will be able to check their allocation.
The allocation will be proportional to the amount of $CROSS held by every user.
Then the first phase will start at 12:00 UTC, May 23th, everyone will have the possibility to buy up to a maximum of his allocation, based on the amount of CROSS held during the snapshot. This phase will last 24H.
The second phase will start at 12:00 UTC, May 24th: FCFS phase where every address will have its allocation doubled.
Then, in an unlikely scenario in which the Hard Cap is not reached, every 24H every allocation will be multiplied x2.