ChainGPT IDO on WePad is done. We raised $BUSD for the project. The $CGPT holders succeeded in earning after the first unlock.
WePad reported fantastic results for the ChainGPT IDO and here are the numbers:
• 1,341 transactions during the first round, with an average ticket size of $BUSD 71, were completed in 6 hours.
• The second round got 50 transactions, with an average ticket size of $BUSD 93.04, and sold out in just one minute.
This IDO was a huge success, and our team expresses gratitude to the community for their participation. We will be sharing the updates regarding the TGE, token listing, and token claim of the $CGPT. Now let’s dive into the journey we had together with the project.
First, let’s catch up again on the info about the ChainGPT. ChainGPT uses cutting-edge algorithms to solve complex issues. With unique features like no-code smart contract generation and AI-generated news, it’s a game-changer for individuals, developers, and businesses alike. And with the $CGPT utility token, you’ll have access to all the tools and products you need to stay ahead of the curve. The project’s onboarding process is user-friendly and allows beginners to use AI to trade, write smart contracts, audit them, and create NFT collections without programming skills in just a few moments. The $CGPT token has various income models, staking and farming pools, a deflationary token model, and a governance system.
Additionally, there are partnership agreements with WePad, Poolz, and other launchpads, an international KOL network, and upcoming top CEX listings. ChainGPT complements the current crypto world by bringing trading to the next level and speeding up blockchain processes.
This fast-growing AI x Blockchain tool recently launched its IDO on WePad, and today, we would like to remember how cool was this journey.
Before the IDO launch, WePad hosted an exciting AMA session with Ilan Rachmanov, the Founder and CEO of ChainGPT. During the AMA, we discussed the project’s details, its plans, and the highly anticipated IDO launch on WePad. This was a fantastic opportunity for potential contributors to learn more about ChainGPT, its team and how they could benefit from the project.
To help investors participate in the IDO, WePad published a guide covering staking requirements, KYC, and updated rules. This guide has disclosed all of the innovations WePad has introduced to the IDO conduction mechanics. Information from the guide is available here. The rules mentioned there will remain current and valid for the coming sales.
ChainGPT IDO was the first where we used the two-rounds model. The IDO began on April 6th with the guaranteed allocation round, which lasted for six hours. Within the first hour, 70% of the allocation was already sold-out and 95% after the round has been concluded! We are glad that our innovative way of IDO conduction was loved and accepted by our community. Giving a chance to everyone to get their share of an allocation pool of top projects on the market has always been and remains our core value which we follow.
The first come, first served round, as was originally planned, began on the same day after 6 hours at 18:00 UTC and lasted until April 7th at 10:00 UTC. The first round was 95% sold out before it ended. This left only 5% of tokens available for purchase during the second round. This stage of the sale was closed in just a few moments, with 100% of the ChainGPT IDO Total allocation being sold out.
Now, that our users have already completed their first token claiming, we can surely say that ChainGPT’s journey from the first announcement to the conclusion of their IDO on WePad was an exciting one, with an exceptional level of interest and participation from the community. The success of the IDO bodes well for the future of the ChainGPT project and its potential to revolutionize the AI x Blockchain industry.
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