Netvrk Land Presale: 30 Aug

Stake >10k TPAD to guarantee participation, >30k for Large and >60k for access to Giant and Epic Parcels

5 min readAug 27, 2021

FINAL INO DETAILS

Pools have now been added to the website here for TrustPad’s first Initial NFT Offering (INO). The opening times for each parcel size are staggered to ensure people can focus on FCFS one at a time, which are presented below.

Yes, this is a FCFS sale for TPAD stakers only.

ONE PARCEL PER TRANSACTION — ensures fairness so everyone has a better chance of getting in.

SNAPSHOT AFTER SALE — 5 Day Lock on Tokens
There will be a snapshot after the end of the land presale to check all participants are still staking in the IDO staking the amount they required to enter into the Level they staked in to purchase.

This is possible because allocation amounts do not need to be determined like they would be for a fungible token, so enables more flexibility.

This also means you do not have to register for each pool, you just have to have the right amount staked in IDO staking here: https://trustpad.io/levels

Around the time of the snapshot, participants within all of the pools will have their staked TPAD locked for 5 days, which aligns with previous IDOs.

So… DO NOT UNSTAKE after participating in the INO, you will be refunded if you do so.

Parcel | Opening Times | Price | Eligible Levels

Levels pool weights are being used to limit the number of parcels a user can purchase:
Member (10k TPAD): 2 parcels
Club (16k TPAD): 3 parcels
Associate (30k TPAD): 6 parcels
Executive (60k TPAD): 12 parcels
Partner (100k TPAD): 21 parcels
Orbit (125k TPAD): 28 parcels
Black (350/500k TPAD): 36 parcels

How to participate

There are 1,000 land parcels available via TrustPad at the discounted presale price. Users will need to send $NTVRK equal to the amount of the land’s value in USD. This will be updated on the website just before the sale starts to ensure the exchange rate between $NTVRK and USD is as accurate as possible. Monitoring will also be in place to adjust for any material price fluctuations.

Pre-INO Steps

Choose your level: trustpad.io/#levels
Buy TPAD on PancakeSwap
Stake your TPAD in IDO staking: trustpad.io/levels
Note you do not have to register, a snapshot will occur instead
Load up on $NTVRK on Uniswap using the same wallet address that your TPAD is on.

INO Steps

Be ready on the pool page for the parcel: trustpad.io/#pools
New users can still enter the INO whilst it is live (follow steps above)
Connect to the website on Ethereum Network
Participate using $NTVRK, sending the amount listed per parcel
Snapshot will take place after the INO finishes
Mega Bonus Pack sale will take place after the snapshot

Price Changes

The sale will be held in $NTVRK and the price reflects the USD value. Any material movement in the price fo $NTVRK per USD will result in adjusting the prescribed exchange rate.

Mega Bonus Pack

The Mega Bonus Pack sale, available to everyone who has purchased land, will go ahead following completion of the Land Presale. The Mega Bonus Packs are priced at 1000 $NTVRK. It offers unlimited daily resources to build with, boosted earnings, free lottery tickets in the Netvrk metaverse, and discounts on featured NFTs!

More Info

Netvrk’s Land Presale of the Genesis Islands, the core of the metaverse, will be hosted on TrustPad on Monday, 30 August. More details are below. We are also very excited to share with you the technical upgrades we have made to improve the user experience when participating in this much anticipated release.

Netvrk’s land presale will be carried out using their native $NTVRK token. Participants will contribute $NTVRK on ERC-20 and will have to hold a minimum of 10k TPAD on BSC to access the presale.

The amount of $NTVRK required to purchase a land parcel will be equivalent to its value in USDT at the time of purchase, meaning participants should not have their purchasing power impacted by any price fluctuations in $NTVRK .

All $NTVRK tokens used to purchase the land will be stored in the Netvrk reserve for at least one year, with the intent that they remain there for many years.

TrustPad Tech Upgrade

As you are likely aware, given that TrustPad’s very first IDO was Netvrk, the $NTVRK token is native to the Ethereum blockchain, whereas $TPAD is native to Binance Smart Chain (watch this space). As a multi-chain launchpad it is relatively straightforward to raise funds on one chain and send tokens to participating wallets on another, but it becomes more challenging when a link between the two is required.

TrustPad have come up with a solution to support such interoperability which is nearing completion, where users can have their TPAD staked and registered on BSC to access sales with an Ethereum based token (in this case $NTVRK) at the same time.

This is a big step forward for our multi-chain capabilities and we are excited by the possibilities it will present in the future for our ecosystem, including our partner launchpad, NFTPad.

About Netvrk

Netvrk is a social virtual world and platform, with powerful creation tools and infrastructure to easily create, share, experience, and monetise creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.

NetVRK Social Links

Website | Twitter | Telegram | Telegram Announcement | Medium

About TrustPad

TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with tokenova, Lupa X, GD10 Ventures, BlockSync Ventures, X21 Digital, Meridian Capital, Wealth Union, Twin Apex Capital and 4SV.

TrustPad is different to other launchpads. A ‘quality not quantity’ approach ensures that projects launched through TrustPad have real long term value. This will provide the TrustPad community with sustainable development, attracting a larger community for both $TPAD and the projects launched on the platform.