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Presale Rounds

Every great protocol needs to start somewhere, and we too need our investors to help provide us with the resources required to build up the protocol. We do this by holding three presale rounds. Each presale round will assume a progressively larger crowd, since a large part of each presale round revenue will be used for marketing. Those who invest in the earlier presale rounds will benefit from very low taxes to offset the risk of investing early.

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Those who held KEEN or iSKEEN at the moment the snapshot was taken, will receive free Carpet tokens before the first presale round and after the last presale round. This will be paid for by the presale round marketing allocation.

Presale Tokens: whitelist rewards​

Each Presale round has its own presale token. In order, these are Thread, Weave, and Dye. To benefit from the low tax of the presale round, an investor will need to add an amount of the presale round token to the transaction equal to the amount of USDC they seek to spend on buying Carpet.

While the presale tokens provide a huge beneficiary discount, there is nothing stopping an investor from buying at normal launch taxes. It is the addition of the presale tokens that make the difference, but the buying works fine without. In the same way, selling of Carpet is already available from the get-go. Since our token price goes up on a sell as well, we would never dream of holding anyone back in the selling of our token at any time.

The presale tokens will be handed out by our team before and during the presale rounds to reward activity and as giveaways to raise awareness of the beauty of our protocol. They are essentially limited whitelist spots. We chose this way to make sure that active community members still have something tangible to gain by showing activity and support even after they have already received their whitelist, because in this system anyone can continue to get even more whitelist presale tokens.

Presale Tokens: buy your way in​

Aside from receiving presale tokens through giveaways and contests, investors may opt to just buy the presale tokens. We've made sure that even including the cost of buying the presale token, the buy tax will still be lower than the initial launch buy tax.

Soft caps, hard caps, time caps and grace periods.​

Each presale round will have a soft cap, a hard cap, a time cap, and an grace period. The first marker to reach will be the soft cap in sales amount. Once that soft cap is reached, the time cap will start running. The presale round will stop as soon as either the hard cap in sales is reached, or the time cap is reached. From that point on no more presale tokens will be sold and the grace period starts running. Investors will have until the end of the grace period to spend whatever presale tokens they still have. This last chance at spending presale tokens does mean that under certain conditions the “hard cap” does not put a “hard limit” on sales for that Presale round. After the grace period has run out, the presale token of that round becomes useless.

Presale Whale Counter​

Carpet DeFi is expressly whale friendly, because our protocol makes any whale move benefit the community without exception. We therefore would like to offer whales the option to completely circumvent the hassle of working with presale tokens. Each presale round has its own Presale Whale Counter and any buys at that counter will ignore the need of a presale token entirely. The minimum to buy at the Presale Whale Counter for each round is as follows:

  • Presale round 1: 10k USDC
  • Presale round 2: 15k USDC
  • Presale round 3: 20k USDC

Presale round 1: $Thread token​

  • $Thread price: 0.05 USDC
  • Buy Tax: 12%
  • Soft Cap: 50k USDC
  • Hard Cap: 150k USDC
  • Time Cap: 72 hours
  • Grace period: 72 hours
  • Whale threshold: 10k USDC
  • Tax allocation (12% is the total): 2% BT, 10% Marketing

Presale round 2: $Weave token​

  • $Weave price: 0.04 USDC
  • Buy Tax: 18%
  • Soft Cap: 200k USDC
  • Hard Cap: 600k USDC
  • Time Cap: 1 week
  • Grace period: 72 hours
  • Whale threshold: 15k USDC
  • Tax allocation (18% is the total): 5% BT, 3% GSS, 10% Marketing

Presale round 3: $Dye token​

  • $Dye price: 0.03 USDC
  • Buy Tax: 24%
  • Soft Cap: 500kUSDC
  • Hard Cap: 1.5mil USDC
  • Time Cap: 1 month
  • Grace period: 72 hours
  • Whale threshold: 20k USDC
  • Tax allocation (24% is the total): 8% BT, 4% GSS, 2% Marketing & iKeen reimbursement, 10% team

Presale round reruns​

Although it is highly unlikely, we’ve planned for the possibility of people acquiring eaving tokens and then not spending them. We initially mint a number of presale tokens equal to the hard cap of the presale round. If somehow the soft cap of the presale round is not met within 72 hours after the entire amount of the presale tokens is allocated, we will initiate the grace period for that round. At the end of the grace period, we’ll call on the genies and rerun the presale round with a new presale token. All Carpet sales from the failed presale round will still be final, so there is no cause for worry for any investor.