It’s been awhile but there’s a new exciting project that will be taking off on the Phemex Launchpad! This time, the featured project is Jot Art, a burgeoning metaverse and GameFi ecosystem that’s run on its native JOT token. You must be a Phemex user to participate, so if you aren’t yet then make sure to register for a Phemex account. The token sale for JOT will adhere to the standard Launchpad subscription format, but this time users can subscribe with either USDT or USDC. We’ll start recording user account balances starting at 5:01 UTC on Nov. 11, 2022 using the calculation method found here.
Phemex will record user USDT and USDC balances for 4 days from 5:01 UTC on Nov. 11 to 5:01 UTC on Nov. 15, 2022. The final USDT or USDC holding amount for each user will be set as the average across these 4 days.
JOT Token Sale Details
- Token Name: JOT
- Type: Subscription
- Sale Price: 1 JOT = 0.05 USDT or 0.05 USDC
- Tokens Offered: 500,000 JOT (200,000 JOT for USDT subscription and 300,000 JOT for USDC subscription)
- Single Initial Investment: 20 USDT/USDC
- Total Token Supply: 1,500,000,000 JOT
- Initial Circulating Supply: 5% of Total Token Supply
- Hard Cap Per User: 4,000 JOT (200 USDT/USDC)
- Token Sale Vesting Period: No lockup
- Token Type: BNB Smart Chain
- USDT/USDC Holding Calculation Period – 5:01 UTC on Nov. 11 to 5:01 UTC on Nov. 15, 2022
- During this period, user USDT and USDC balances will be calculated in hourly snapshots for each day over a 4-day period. Your final average daily balances over these 4 days will determine the maximum amount of USDT or USDC that you can commit later.
- Subscription Period – 5:01 UTC on Nov. 15 to 5:01 UTC on Nov. 16, 2022
- Subscription will open at this time for all eligible users for a 24-hour period. Please note that once committed, your USDT/USDC will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
- Allocation Period – 5:01 UTC to 7:01 UTC on Nov. 16, 2022
- Subscription closes and token allocation calculation begins.
- Distribution Period – 7:01 UTC 11:01 UTC on Nov. 16, 2022
- Your final token allocation will be calculated and the corresponding USDT/USDC will be deducted from your already-locked USDT/USDC amount. Once deducted, your JOT and USDT/USDC tokens will both be transferred to your spot wallet.
About Jot Art
Jot Art is the cross-chain metaverse to play, create, own & earn. Jot Art’s mission is to provide an ecosystem for everyone to create amazing, distributed virtual experiences.
The first game from Jot Art is the RPG Finesse game series. The Finesse series takes a Play-to-Earn (P2E) approach to reward players after battle wins, featuring a strong community and player-owned economies.
Further Information on JOT:
- Website: https://jotart.com
- Whitepaper Link
- Twitter: https://twitter.com/finesse_w3
- Telegram: https://t.me/jot_art
- Discord : https://discord.gg/t2JJtgbgCv
Reminder: Users must complete KYC account verification to participate in this token sale, and must also be from an eligible region.
*Users from the following countries or regions will not be able to participate in token sales on the Phemex Launchpad: American Samoa, Belarus, China, Cuba, Democratic Republic of the Congo, Guam, Iran, Iraq, Northern Mariana Islands, North Korea, Puerto Rico, South Sudan, Sudan, Syria, United States of America (USA), United States Virgin Islands, Zimbabwe
Disclaimer: Cryptocurrency trading is subject to high market risk. Please do your own research prior to investing and note that Phemex is not responsible for trading losses.