# CroNavy Launchpads

By
NodeV
In 
Published 2022-06-16


# Official Launchpads

We have a separate platform for official launchpads of the CroNavy ecosystem. These launches may have different liquidity pairs, depending on the utility and usages of each token.

We will use three potential token liquidity pairs for launchpad events:

  • $CROS/$NEWTOKEN
  • $USDC/$NEWTOKEN
  • $CRO/$NEWTOKEN

Upon committing any of these three token options, you will receive the launchpad $TOKEN in return.

# Requirements

In order to participate in official CroSwap launchpads, you must own atleast one CronosNode CRODE NFT. For more information on how to mint a CRODE NFT, visit our whitepaper here.

# How to participate in our Launchpad

During Sale:

  • While the sale is live, commit your $CROS/$USDC/$CRO to buy $TOKEN tokens.

After Sale:

  • When the sale is complete, claim the $TOKEN tokens you've bought.
  • Done! In the case of an overflow you can reclaim your remaining initial $CROS/$USDC/$CRO tokens.

The CroSwap Launchpad leverages the ‘Overflow’ methodology. In the “Overflow” method, users can stake as much or as little as they want to the Launchpad, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

# Overflow Example

Total Tokens for Sale 4,500,000
USD per Token $0.20
Amount to be Raised $900,000
Actual Funds Received $9,000,000
Your Funds $9,000
Your Portion of the Total Funds Received 0.1%
Your $TOKEN Tokens Purchased 4,500
USD Cost of Your $TOKEN Tokens Purchased $900
Funds Returned to You $8,100

# Launchpad Time Expires without meeting the Amount to be Raised Target

In the event that the launchpad does not reach the full target, all staked funds will be exchanged for the new token without triggering the 'Overflow' logic.