Thread by @auroraisnear

Aurora #DAO Approves $AURORA #IDO
We are happy to share the details of the IDO with our community.

Read blog: aurora.dev/blog/aurora-da…

Read thread: 👇

The sale will happen in three phases with the increasing amount of $AURORA tokens available for sale. The three chosen platforms (@SmartPad_launch, @bocachica_io, @skywardfinance) are on the @NEARProtocol to develop its ecosystem.

All tokens are distributed to the users only at Token Generation Event (TGE), which will happen one day after the Skyward sale. No tokens will be locked.

Basic information about the IDO Process

- Total amount of sale: 1,000,000 $AURORA
- Platforms for sale:
- SmartPad (Aurora);
- BocaChica (NEAR);
- Skyward (NEAR).
- TGE: November 18, 13:00 UTC

SmartPad Sale
Date: November 4, 2021
Amount: 50,000 $AURORA
Price: $1
Accepted tokens: ETH

SmartPad sale would happen on Aurora. The sale is open to everyone. The size of the check for a single user ranges from $50 to $200. The platform is working on the first come–first served basis.

BocaChica Sale
Date: November 11, 2021
Amount: 300,000 $AURORA
Price: $1
Accepted tokens: $NEAR

BocaChica sale would happen on NEAR. The sale is open to the users who are staking at least 50 $NEAR. The size of the check for a single user ranges from $50 to $250. The platform is working on the first come–first served basis.

Skyward Sale
Date: November 17, 2021
Amount: 650,000 $fAURORA
Price: non-fixed
Accepted tokens: $NEAR

Skyward sale would happen on NEAR blockchain. The sale on Skyward will be open for 12 hours.

Due to the specifics of the Skyward platform (continuous token distribution), during the sale we will sell *$fAURORA* – the *future $AURORA* token that will be automatically swapped to the $AURORA token at the TGE.

*$fAURORA* is a non-transferrable token, so once users get it on the Skyward sale, they are unable to do anything with it until it is swapped to $AURORA.

Post-sale activity
All the collected proceedings of $AURORA sale will be put into liquidity pools. Aurora Labs will explore the opportunities to incentivize the pools.

Due to the nature of the blockchain and constant changes in prices, transaction queues etc., the actual implemented scenario may have minor changes.