MoonStarter Litepaper
Multi-Chain IDO Launchpad App
Last updated
Multi-Chain IDO Launchpad App
Last updated
MOONSTARTER Mission is to be the single-stop multi-chain launchpad for selected projects without distinction of the blockchain used. While the current project landscape is scattered and dependent on the blockchain used, MOONSTARTER will offer the possibility to launch on one or multiple selected blockchains.
In an ideal world, blockchain should be trustful, but MOONSTARTER will have a due diligence process on every selected project as it is not always the case. It will communicate with transparency to the potential participants. Participants will need to stake a pre-defined amount of MOONSTARTER tokens (MNST) to access the IDOs held on the App.
MOONSTARTER will not limit itself to a launchpad and, to a second extent, will develop an ecosystem offering support options to projects such as incubation, or Marketing.
This paper will go through the different features that MOONSTARTER will propose and its functionality.
MOONSTARTER will select projects based on different criteria but will not limit to the blockchain used by the project for the developments. While multiple launchpads are single-blockchain based, MOONSTARTER will allow participants staking MNST tokens to participate in projects, whatever the blockchain is.
MOONSTARTER will offer MNST token stakers and holders to participate in projects developed on different blockchains based on tiers requirements (See "Our Solar Tier System" section). MOONSTARTER platform will allow the user to participate in a project without needing to hold any other token than the MNST token on BSC. Depending on the tier, the user will either have to follow a specific process to register for a lottery or have a guaranteed allocation.
The initial blockchains supported will Ethereum & Binance Smart Chain. However, the second release will allow supporting POLYGON, AVANLANCHE, FANTOM, CARDANO, SOLANA, and POLKADOT through the MOONBEAM parachain. Moonbeam shows excellent potential with Pre-Built Integrations allowing Ethereum developers to "migrate" towards Polkadot with a limited effort. Moreover, Moonbeam allows the use of the Ethereum ecosystem applications such as Metamask. Moonbeam will play a key role within MOONSTARTER vision as the interoperability options offered are numerous.
The final planned release will include COSMOS & TRON and other selected chains but will also depend on the development of the ecosystems at the moment.
MOONSTARTER has selected Binance Smart Chain (BSC) to launch its token since Binance Smart Chain has demonstrated that it is arguably one of the most efficient blockchains for decentralized finance, from a performance and fees point of view.
In a nutshell, the selection has been made on 3 points:
Transaction prices
Transaction speed
Interoperability
Holding MNST tokens will have the following utilities:
Access to the IDOs proposed on the platform – Whatever the blockchain is, depending on our solar tier system.
From a governance perspective, users will potentially in the future, actively participate in the team's decisions, such as staking periods or blockchain to support, for example.
MOONSTARTER has designed 4 tiers based on the Jupiter Lunar system theme. Depending on the project developments and feedbacks, tiers might be reviewed. To access to the IDOs, the paths are possible but not cumulative.
The different tiers vary in terms of requirements in terms of number of MNST tokens to stake and the staking duration required. Tiers have different IDO allocations as explained in the next section. Additionally to these tiers, a competition path can also allow to participate to the IDOs.
OCallisto, Elara, Himalia & Kalyke will still require staking of respectively 10 000, 50 000, 150 000 & 250 000 MNST and will give you guaranteed allocation.
The system is based on “Jupiter Rocket tickets” representing your guaranteed allocation and will be implemented as follow:
Callisto: One (1) Jupiter Rocket Ticket is allocated from 10 000 MNST staked. Meaning that, stakers could get 1 to 4.9999 Tickets.
Elara: Six (6) Jupiter Rocket Tickets are allocated from 50 000 MNST staked. Meaning that, stakers could get 6 to 15.9999 Tickets.
Himalia: Twenty (20) Jupiter Rocket Tickets are allocated from 150 000 MNST staked. Meaning that, stakers could get 20 to 29.9999 Tickets.
Kalyke: Thirty-seven (37) Jupiter Rocket Ticket are allocated from 250 000 MNST staked. Meaning that, stakers would get a minimum of 37 tickets and 1 additional ticket per additional 10 000 MNST staked.
Regarding the minimum duration, it will be required to stake a minimum of 3 days until 24 hours before the IDO.
The new path to get a spot for the IDO will require the following:
Hold 1000 MNST a minimum of 3 days until 24 hours before the IDO. MoonStarter will proceed on a random snapshot on the period of “3 days before IDO — 24 hours before IDO to validate the holdings.
Complete Gleam Competition tasks.
Once all the tasks are completed and if the holding requirement is respected, the top 50 will secure a guaranteed allocation while other 50 individuals will be qualified to take part of a lottery. Top 50 & lottery winners will be allocated 0.5 Jupiter Rocket Tickets.
Attention: This is not cumulative with the Galaxy path.
100 Gleam lottery winners
100 Callisto Stakers — 10 000 MNST Staked per individual
50 Elara Stakers — 50 000 MNST Staked per individual
25 Himalia Stakers — 150 000 MNST Staked per individual
10 Kalyke Stakers — 250 000 MNST Staked per individual
Total Jupiter Rocket Tickets = 100*0.5+ 100*1+50*6+ 25*20+10*37= 1320 Tickets.
Jupiter Rocket Ticket would correspond here to 100 000/1320= 75,7575758 $
In this case, a Callisto staker with 10 000 MNST staked would obtain an allocation corresponding to 75,7575758 $ while a Kalyke staker with 250000 MNST staked would obtain an allocation corresponding to 2803,030303 $.
Important: In case of KYC is required by the project using MoonStarter App, this will need to be approved at latest 24 hours before the IDO.
Assumption taken for the example: All have the same amount staked – No weight taken into consideration.
Cosmos Stakers are individuals who are staking at least for 30 days at 24 hours prior to the IDO is taking place.
Cosmos Stakers will have the following advantages:
Their allocation will be increased by 20% For example, a Cosmos Stakers with 10 Jupiter Tickets, will be granted with 2 additional tickets (20%).
Exclusive IDOs — Private Sales. Cosmos Stakers will be granted access to IDOs with very limited allocations and private sales which will be held on MoonStarter App.
In the MOONSTARTER case, the user can be divided into two main roles, the company launching a project and the participant. This section will go into the different features that will be offered to both parties by MOONSTARTER.
MOONSTARTER will make IDOs easier for any project needing to raise funds. Projects will also expand their exposure to potential participants and will be able to benefit from our expertise within the crypto environment.
Any party can apply to launch its project on the launchpad. Numerous information will be required from the project, mainly:
Identification information
If applicable, the company's information
Description & documentation of the project
$ Amount raised
$ Amount to raise
Liquidity provided
Liquidity lock period
Audit
The project can also ask for support from MOONSTARTER Team and partners on the IDO and further project developments. The project will be able to go for a base service offering from MOONSTARTER or opt-in for other services such as operational or Marketing crypto consultancy.
Based on the criteria mentioned above and internal processes and acceptance process will be conducted.
Based on the data mentioned above provided by the project, MOONSTARTER will provide a summary of the information received once checked. It will allow the participants to have a summarized view of the project information and other data such as company registration if any of the project's private sales. As the last one is discretionary, a permanent mention will explain the verifications conducted transparently. The process will include non-negotiable criteria to be respected by the project.
Depending on the tiers he will be part of, the participant will have the possibility to participate in projects from different blockchains, always following the same process. Instead of jumping from a platform to another depending on the blockchain, the project is built on, MOONSTARTER will be the single-stop for the main blockchains used within the crypto landscape.
Step-by-Step participation process
The process might slightly differ depending on the project.
Step 0: participants can follow our media (Twitter, Telegram, or Medium) channels to get the latest info on the project that will be launched. |
Step 1A: Register For the lottery (Competition Path) |
Step 1B: Secure your allocation (Galaxy Path) |
Step 2: On a specific date & hour, the whitelisted users will be able to participate in the project based on their tier. Step 2': If the whole allocation has not been filled, the "left-overs" will be available on a first-come, first-served basis among whitelisted individuals. |
Step 3: Users can claim their tokens. |
Second rounds will be accessible to every whitelisted user.
MOONSTARTER Business Model is based on a bottom remuneration from the fees held on the amounts raised by the project.
On top of this, optional services will be invoiced to the projects, including but not limited to:
Marketing Consulting
Community Growth
Operational Consulting
Technical Consulting
Round | Tokens | Pricing | Raised Amount ($) |
Seed | 31 250 000 | $0.008 | $250,000 |
Private A | 35 000 000 | $0.010 | $350,000 |
Private B | 33 333 333 | $0.012 | $400,000 |
IDO | 5 000 000 | $0.014 | $70,000 |
Type | % Supply | Tokens | Vesting |
Seed | 15.6% | 31 250 000 | 15% unlock at TGE then monthly unlock over 6 month, starting 1 month after TGE |
Private A | 17.5% | 35 000 000 | 20% unlock at TGE then monthly unlock over 5 month, starting 1 month after TGE |
Private B | 16.7% | 33 333 333 | 25% unlock at TGE then monthly unlock over 4 month, starting 1 month after TGE |
IDO | 2.5% | 5 000 000 | No Vesting |
Team | 12.0% | 24 000 000 | 6 month lock, then monthly unlock over 6 month |
Marketing | 12.5% | 25 000 000 | 1 month lock, then monthly unlock over 6 month |
Advisors | 4.1% | 8 200 000 | 1 month lock, then monthly unlock over 6 month |
R&D | 12.0% | 24 000 000 | 6 month lock, then monthly unlock over 6 month |
Liquidity and MM | 7.1% | 14 216 667 | NA |
Total | 100% | 200 000 000 |
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Based on above figures, initial circulating market capitalization of MOONSTARTER will be $ 350,292 with 25 020 833 circulating MNST Tokens.
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