War Legends IDO Price Guarantee Explained
According to information from RazrFi, the War Legends IDO is offering a price guarantee to protect investors' funds from market fluctuations. This guarantee ensures 100% refunds if the IDO price guarantee is triggered on TGE (Token Generation Event) for unmoved and unvested tokens. The price guarantee is valid until 51% of vesting is finished. Other factors that can trigger refunds include inadequate liquidity, abandoning the project, theft, hack, or SolRazr's discretion.
FAQs Regarding the Price Guarantee
Some frequently asked questions regarding the price guarantee include:
1. What happens if the token price is below the IDO price within 48 hours from listing time? Investors will receive a 100% refund if they don't move their tokens.
2. If an investor moves tokens but the guarantee is triggered on TGE after they sold, will they get a refund? Yes, they will receive a refund on the unvested portion.
3. Do investors need to apply for a refund? For the unvested portion, no application is needed. If the guarantee triggers on TGE, the unvested portion will be refunded immediately.
4. What about refunds on vested amounts on TGE? If the guarantee triggers on TGE, the vested portion is also eligible for a refund, provided tokens weren't moved. Investors will need to apply for this refund.
5. What if an investor moves tokens on vesting-1 (TGE) and the IDO price guarantee triggers on the second vesting? Unvested tokens will be refunded by default, and investors can apply for a refund for vesting-2 if they did not move those tokens.
For full terms of the price guarantee, refer to this Medium article.
War Legends IDO Closing Details
With less than 24 hours remaining before the War Legends IDO closes on RazrFi, potential investors are encouraged to visit the project's page for more information. War Legends is a strategy-based, highly immersive MOBA (Multiplayer Online Battle Arena) with a low Initial Market Cap (IMC).
Only public round tokens will unlock on TGE, and the IDO price is guaranteed. The IMC is $100k, with a Fully Diluted Valuation (FDV) of $12.95 million. 14.29% of tokens will be unlocked on TGE, with the rest following a monthly linear vesting schedule for six months. Participants can also win $BONK and $RAZR rewards. The War Legends listing is set for June 16.
To stay updated on War Legends and RazrFi, follow their respective social media channels: War Legends Website, Twitter, Telegram, Discord, RazrFi Website, Twitter, Telegram, Discord, and Medium.