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Sweat Economy Blog

How to: join the SWEAT token sale on DAO Maker

By Sweat Team

Updated

The SWEAT token sale is live on DAO Maker this week. To learn more about our project, you can read the DAO Maker Sweat Economy research page.

Below is an overview of the process.

  1. There are two options: A) the Public SHO (Strong Holder Offering) and B) the Guaranteed Allocations DAO SHO.
  2. Option A (Public SHO) registration begins 5th September 12:00 UTC and closes 9th September 12:00 UTC. Contribution begins 10th September 12:00 UTC.
  3. Option B (the DAO SHO) contribution begins 6th September 12:00 UTC and closes 9th September 12:00 UTC. There is no registration period, as everyone who wishes to participate is guaranteed allocation.
  4. Registration for the Public SHO does not guarantee allocation/participation in the sale. Registration for the DAO SHO guarantees some allocation. This is a new feature for DAO Maker. Read more about guaranteed allocation.
  5. Complete KYC — for the Public SHO, if you win, you will be asked to complete KYC and you can then contribute the BUSD for your allocation. For the DAO SHO, you need to complete KYC before registering for the SHO.

The two sales aim at a fundraise of $1,000,000 each. The process for each option is different, so make sure to read the below carefully.

If you have any questions, check out the DAO Maker FAQs, or join their Telegram where a dedicated support team will be helping to support users in the token sale.

Option A: Public SHO

A Public SHO is open to anyone with more than $500 worth of assets in their non-custodial wallet. Tokens on the following chains are scanned: Ethereum, Avalanche, Binance Smart Chain, Fantom, Polygon. Users that are staking DAO tokens can also join Public SHOs, with their staked DAO counting as assets.

  1. Connect your EVM wallet, e.g. Metamask, with sufficient funds.
  2. You must follow Sweat Economy on Twitter and Telegram.
  3. Your Total Asset Score is calculated on a points basis. The more you hold in your wallet, the higher your score. This will influence your chances of winning an allocation, and the amount of allocation you receive. You’ll be able to see your ‘live winning chances’ after you have registered for the sale. Adding more funds to your connected wallet after you have registered will increase your chances! The funds must be in the wallet until the ‘Winner Announcement’ in order to count towards your Total Asset Score.
  4. Use the referral link to increase your score. Each user has a unique referral for the Public SHO. Both the referrer and the referred have the opportunity to increase their total score to increase their chances of winning the SHO. You get a larger percentage of your friends’ score the more friends you invite. Read more.

How do I know if I have won allocation in the Public SHO?

  • Check your email inbox, including the spam folder.
  • “My Participations” tab, in your “Portfolio” on DAO Maker will also reflect your allocation.

What do I do if I have won allocation in the Public SHO?

If you win an allocation, you must complete the KYC process before making your contribution.

  1. Log in to your account. It must be the account you used to participate in the SHO — remember that there is a difference between logging in with email & password and using a Google account only — these are two different accounts.
  2. You should see a pop-up with a ‘Deposit’ button — click on it!
  3. Connect the wallet you won the SHO with and set the network to BSC.
  4. Approve BUSD (if not done yet) + send BUSD (these are two transactions in total, which you have to confirm in your wallet).

Option B: DAO SHO

The DAO SHO is available only to people who stake DAO. Anyone who wishes to receive an allocation can. As such, there is not the same ‘registration’ period as the Public SHO— contribution opens on 6th September.

Here’s how you participate.

  1. Stake a minimum of 250 DAO — to do this you must connect your wallet. (Note: holding DAO tokens does not make you eligible to participate in the DAO SHO. You must stake tokens in the Venture Yield Contract.)
  2. The amount of DAO you stake will put you into a tier. DAO power equals the total DAO a user has staked, plus a bonus according to the tier. As each user’s allocation is proportional to their DAO power, the more DAO tokens you stake, the higher your guaranteed allocation and maximum deposit amount will be.

Tier 0: 250 DAO = 250 DAO power, 0% bonus

Tier 1: 2000 DAO = 2100 DAO Power, 5% bonus

Tier 2: 4000 DAO = 4400 DAO Power, 10% bonus

Tier 3: 10,000 DAO = 11,500DAO Power, 15% bonus

Tier 4: 25,000 DAO = 30,000 DAO Power, 20% bonus

Tier 5: 50,000 DAO = 62,500 DAO Power, 25% bonus

Tier 6: 100,000 DAO = 130,000 DAO Power, 30% bonus (New)

Example Tier 1: A user holds 2650 DAO, therefore their power will be 2650 * 1.05 (5%) =2,782.5 DAO power

Example Tier 3: A user holds 15,460 DAO, therefore their power will be 15,460 * 1.15 (15%) = 17,779 DAO power

Your personal guaranteed allocation is calculated as follows:

(DAO power of user) / (total DAO power of all users) * (total raise)

The estimated guaranteed allocation range for each tier will be shown on the DAO SHO sale page.

*Note that DAO/USDC LP providers have a 1.5X multiplier applied to the portion of DAO provided in the LP.

How do I contribute to the DAO SHO?

  • Go to the Sweat Economy research page, scroll down, click on the “Participate” button of the “Strong Holder Offering” card when the sale is live
  • Click “Deposit”
  • Enter a BUSD amount you want to contribute, up to your max. deposit amount
  • Click “Approve” and approve the transaction in your wallet
  • Click “Confirm” and approve the transaction in your wallet
  • Done!

Please note, you can contribute multiple times, until your max. deposit limit is reached.

If you want to increase your max. deposit limit / guaranteed allocation amount, you can stake more $DAO. After your DAO power is updated, you can deposit more BUSD.

Follow us!

Our official Twitter, Telegram, and Discord will be the first places to find out about the token sale, the TGE, listing on exchanges and contract details. Don’t forget that you must follow Sweat Economy on Twitter and Telegram to participate in the Public SHO.

Questions?

Check out the DAO Maker FAQs for help, or join their Telegram where a dedicated support team will be helping to support users in the token sale.