Update & Guide — SolBank Incubator Sale (16th Sept at 12:00 UTC) & IDO (18th Sept at 12:00 UTC)

Hi Intersola community!

What a response — the Solbank team have been blown away by your interest. We are similarly very pleased with how the Intersola Incubator Program has been received, and look forward to presenting more of the teams we’re working with. Hope we have a few gamers out there too…

We’d like to share an update about Solbank as well as provide a guide to the upcoming sale process:

  • Solbank Incubator Sale — 16th of September at 12:00 UTC.
  • Solbank IDO Sale — 18th of September at 12:00 UTC
  • TGE — 19th of September at 12:00 UTC

Solbank Update

One of the core beliefs behind our development of the Incubator Program was that supporting the project in as many ways as possible in the early stages is the most important value we can provide. We also spoke about democratizing access, with providing similar access to users that large funds often lay claim to.

After we formally unveiled Solbank, the team received an outpouring of additional requests to support the project from all kinds of parties — individuals, influencers, funds & communities. After careful consideration, a small number of additional partners were brought on board where the Solbank team valued their indispensable support. This decision was not made lightly, and was firmly made with the long-term sustainability of the project in mind.

Private Sale Funding Secured

Solbank may now formally announce the close of their private funding round, with support in particular provided from Brotherhood Ventures, Oracles Investment Group, Kangaroo Capital, CryptoKudasaiJP & RD Ventures. Intersola is excited to be supporting this fantastic team alongside these strong partners.

Updated Tokenomics

Bringing on these additional partners was a decision that was not made lightly, and was weighed up against the initial announcement that we, as Intersola imposed onto them. We ultimately settled on a compromise that we firmly believe is in the best interests of the project in the long-term, as well a the success of our users. The following adjustments were made to the token metrics:

  • An additional 5m tokens were added to the supply, with a new total of 75m SBNK tokens
  • The Incubator Sale on Intersola (on the 16th) will now have 8m tokens for sale
  • The IDO Sale for Intersola (to be held on the 19th) will now have 2m tokens for sale
Solbank Token Metrics (Updated 14th September)

Whilst we understand that this will impact the number of tokens available, this will ultimately lead to a better long-term outcome for ALL users. Solbank will now be able to tap into increased marketing & development support, and a larger network to drive partnerships and collaboration across the industry.

Incubator Sale Guide — 16th September at 12:00 UTC

Important Dates

Please take note of the following dates for the upcoming Incubator Sale:

  • 16th Sept at 11:00 UTC — ISOLA staking deadline, SOL:USD peg and final SOL:ISOLA price is set, users will be able to check their allocations via connecting to the pool
  • 16th Sept at 12:00 UTC — Incubator Sale launch begins, and the pool is open for 24 hours (unless allocation is exhausted)
  • 17th Sept at 12:00 UTC — Incubator Sale closes (if allocation remains)
  • 19th Sept at 12:00 UTC — The first distribution will be available through the pool page on Intersola. Later distributions will be claimable via Solminter. See below for more details.

If you’re already staked, you don’t need to do anything! No need un-stake and re-stake at all. Also please note you should remain staked throughout the sale to ensure you don’t miss out on any allocation.

How To Take Part in the Sale

The Incubator Sale will occur on the 16th of September at 12:00 UTC. A total of 8m tokens will be available at a price of $0.022 USD (pegged to SOL 24 hours prior to the sale date), with 1% unlocked each day for 10 days after TGE (10% in total) then 10% per month. This sale will be run as normal and as described here — simply stake your $ISOLA prior to 24 hours before the sale date (15th of September 12:00 UTC) to get your Guaranteed Allocation otherwise, the FCFS round will be open to the public.

What is my Guaranteed Allocation?

Your guaranteed allocation will be provided from the 16th of September at 11:00 UTC, by going to the correct pool page, and connecting your wallet. You will be able to see your Exclusive Round allocation here which applies to the first 20 minutes of the sale — your Guaranteed Allocation.

Your Guaranteed Allocation may not show up immediately, please wait a few hours and check again.

The Total Allocation refers to the maximum amount available to anyone in the FCFS round.

How do I buy?

Taking part in the sale is the same as any of the previous projects on Intersola, and a full guide is available here — look for the Sale Walkthrough.

  1. Exclusive Round — When the sale begins, there will be a 40 minute period where ISOLA stakers may buy up to their Guaranteed Allocation amount
  2. FCFS Round — If there is any unsold allocation after the 40 minutes, the FCFS round will begin and be open to the public on a first-come-first-serve (FCFS) basis until the allocation is exhausted or the 24 hour sale period has finished

What if I’m not an ISOLA staker?

Please be prepared with SOL in your wallet to have a shot at securing SBNK in the FCFS phase of the sale. This round will be open to all participants regardless of ISOLA staking balance

Full Sale Details

  • Date and time — Incubator: 16th of September, 12 pm (noon) UTC time
  • ISOLA Staking deadline — Incubator: 16th of September, 11 am (noon) UTC time
  • Token Claim date and time — 19th of September, 12:00 UTC time. Initial distributions via your pool page at Intersola.
  • Location — Our website
  • SBNK available for sale — Incubator: 8,000,000
  • Price per token — Incubator: $0.022 USD
  • Raise currency — SOL, pegged 24 hours prior to each sale

IDO Sale Guide — 18th September at 12:00 UTC

Important Dates

Please take note of the following dates for the upcoming IDO Sale. This will be the public sale portion and the final chance to secure your SBNK tokens before they hit the market!

  • 18th Sept at 11:00 UTC — ISOLA staking deadline, SOL:USD peg and final SOL:ISOLA price is set, users will be able to check their allocations via connecting to the pool
  • 18th Sept at 12:00 UTC — IDO Sale launch begins, and the pool is open for 24 hours (unless allocation is exhausted)
  • 19th Sept at 12:00 UTC — IDO Sale closes (if allocation remains)
  • 19th Sept at 12:00 UTC — The first distribution will be available through the pool page on Intersola. Later distributions will be claimable via Solminter. See below for more details.

If you’re already staked, you don’t need to do anything! No need un-stake and re-stake at all. Also please note you should remain staked throughout the sale to ensure you don’t miss out on any allocation.

How To Take Part in the Sale

The IDO Sale will occur on the 18th of September at 12:00 UTC. A total of 2m tokens will be available at a price of $0.025 USD (pegged to SOL 24 hours prior to the sale date), with 10% unlocked on TGE then 10% each day (10 days in total). This sale will be run as normal and as described here — simply stake your $ISOLA prior to 1 hours before the sale time to get your Guaranteed Allocation otherwise, the FCFS round will be open to the public.

What is my Guaranteed Allocation?

Your guaranteed allocation will be provided from the 18th of September at 11:00 UTC, by going to the correct pool page, and connecting your wallet. You will be able to see your Exclusive Round allocation here which applies to the first 20 minutes of the sale — your Guaranteed Allocation.

Your Guaranteed Allocation may not show up immediately, please wait a few hours and check again.

The Total Allocation refers to the maximum amount available to anyone in the FCFS round.

How do I buy?

Taking part in the sale is the same as any of the previous projects on Intersola, and a full guide is available here — look for the Sale Walkthrough.

  1. Exclusive Round — When the sale begins, there will be a 20 minute period where ISOLA stakers may buy up to their Guaranteed Allocation amount
  2. FCFS Round — If there is any unsold allocation after the 20 minutes, the FCFS round will begin and be open to the public on a first-come-first-serve (FCFS) basis until the allocation is exhausted or the 24 hour sale period has finished

What if I’m not an ISOLA staker?

Please be prepared with SOL in your wallet to have a shot at securing SBNK in the FCFS phase of the sale. This round will be open to all participants regardless of ISOLA staking balance

Full Sale Details

  • Date and time — IDO: 18th of September, 12 pm (noon) UTC time
  • ISOLA Staking deadline — IDO: 18th of September, 11 pm (noon) UTC time
  • Token Claim date and time — 19th of September, 12:00 UTC time. Initial distributions via your pool page at Intersola.
  • Location — Our website
  • SBNK available for sale — IDO: 2,000,000
  • Price per token — IDO: $0.025 USD
  • Raise currency — SOL, pegged 24 hours prior to each sale

Claiming Your SBNK Tokens

Tokens purchased as part of the Incubator Sale or IDO Sale through Intersola will be claimable from the 19th of September at 12:00 UTC time.

  • Purchased through the Incubator Sale — Your allocation has vesting attached. The first allocation (1%) will be claimable directly on the pool page on our website and simply connect your wallet after the claim date and click Claim tokens. The next 9 days you will be able to claim 1% per day, available on Solminter. The following months you will receive 10% per month until the allocation has been completely unlocked. To use Solminter to claim your tokens, see our guide here. Connect your wallet, select the right token address, then click withdraw to claim tokens to your wallet.
  • Purchased through the IDO Sale — The first allocation (10%) will be claimable directly on the pool page on our website and simply connect your wallet after the claim date and click Claim tokens. The next 9 days you will be able to claim 10% per day, available on Solminter. To use Solminter to claim your tokens, see our guide here. Connect your wallet, select the right token address, then click withdraw to claim tokens to your wallet.

The Raydium pool will be made available at the same time with more details to come.

Guarantee Your Allocation

Guarantee your spot in the action for upcoming IDO’s by securing ISOLA and increase your Tier to increase your pool weighting!

ISOLA is Available on Raydium

The Intersola token is required to secure your Guaranteed Allocation into Solbank and future IDO’s. You may purchase this directly on Raydium by following the simple steps here.

Follow the official Intersola and Solbank channels

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Intersola — Solana Launchpad & Insights. Find out more at https://intersola.io/

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