Are you excited about Velar's potential to transform the DeFi landscape on the Stacks blockchain? If so, you've come to the right place. This guide will provide you with a step-by-step walkthrough of the process, ensuring that you have all the information you need to participate in the IDO.

Before we delve into the specifics of the IDO, it's essential to understand the foundation of Velar's ecosystem. We highly recommend reading our previous blog post, which covers the process of bridging assets to the Stacks chain. This will help you familiarize yourself with the technical requirements for participating in the IDO.

Participating in the $VELAR IDO: A Step-by-Step Guide

Step 1: Gleam Campaign Participation

The Path to Acquiring $VELAR: Gleam Campaign and Whitelist Tasks

The first step in your journey to acquire $VELAR is participating in our Gleam campaign. This campaign is designed to distribute whitelisting spots fairly among our community members. While participating in the campaign is straightforward, it's crucial to pay close attention to the details to ensure your eligibility.

Link to Gleam Campaign: https://gleam.io/v3PxI/velar-ido-whitelist-campaign

Whitelist Tasks:

1. Enter Your STX Wallet Address: Ensure that the address you provide is not from a centralized exchange.

2. Follow @velarbtc on Twitter: Stay up-to-date with the latest announcements and news.

3. Retweet Our Pinned Tweet: Tag three friends in your retweet to help spread the word about Velar.

4. Visit Our Website: Take some time to explore our website and familiarize yourself with Velar's mission and ecosystem.

5. Join Our Telegram Group: Engage with the community and team by joining our Telegram group.

6. Join Our Discord: Connect with fellow community members and get support through our Discord server.

Completing these tasks is crucial for securing your chance to be included in the whitelist, bringing you one step closer to participating in the IDO.

Step 2: Selection and Purchase on Velar Launchpad

If selected, congratulations! You're now eligible to purchase $VELAR directly on Velar's Launchpad. The process here is straightforward but requires timely action to secure your allocation.

Remember, the demand for $VELAR may be high, so it's crucial to act fast once the Launchpad opens. Make sure you have sufficient STX tokens in your connected wallet to cover your desired allocation.

If you encounter any issues during the process, don't hesitate to reach out to our support team through our official channels. They will be ready to assist you and ensure a smooth purchasing experience.

Step 3: Claiming $VELAR on Our App

Once you've made your purchase, the next step is to claim your $VELAR tokens. Token distribution is designed with a gradual unlocking mechanism to foster stability and long-term commitment among holders.

• Claiming Process: Tokens need to be claimed through our app, a process designed to be user-friendly and secure.

• Unlocking Schedule: 25% of your tokens will be unlocked each month over four months, ensuring a steady introduction of $VELAR into circulation.

• Token Price: The IDO price for the $VELAR token is $0.03 with a FDV of $30 Million.

Final Thoughts

Participating in the $VELAR IDO is not merely about acquiring tokens; it's about becoming part of a community that is poised to revolutionize DeFi on Bitcoin's blockchain through Stacks. As we move forward, Velar remains committed to upholding the principles of transparency, innovation, and community engagement.

By following the steps outlined in this guide and actively participating in our community channels, you are positioning yourself for a successful involvement in Velar's IDO. We are thrilled to have you join us on this groundbreaking journey into the world of decentralized finance.

As we prepare for the future, we encourage you to stay informed and engaged. Keep an eye out for further updates and announcements through our official channels. Together, we are embarking on an exciting adventure that has the potential to reshape the DeFi landscape.

Once again, we extend a warm welcome to you as you become a part of Velar's vision for the future of DeFi. Let's forge ahead together, embracing the opportunities and innovations that lie ahead.