Pirate-themed blockchain gaming platform Pirate X Pirate has disclosed plans for its upcoming IDO launch. The launch will take place on the multichain insurance protocol IDO launchpad platform, BinStarter.

In preparation for the IDO launch, Pirate X Pirate IDO Whitelist is also currently ongoing on BinStarter. This article contains important details of the upcoming IDO event. How to participate in the IDO event? Among other important details.

About Pirate X Pirate

Imagine a pirate-themed, blockchain gaming platform. An exciting gaming ecosystem filled with adventures on the high seas. Players have the opportunity to create their fleet and recruit their crew members while also earning rewards. Players can also build their own custom-made pirate metaverse with their fleet.

Pirate X Pirate and BinStarter

Source – BinStarter blog

More on The Upcoming IDO Event

According to the announcement, BinStarter is elated to be the IDO launch platform for the Pirate X Pirate IDO event. The Whitelist was launched on January 31, 2022, at exactly 4:00 pm (UTC). And will be closed on February 17, 2022, at 4 pm (UTC). This will be closely followed by the announcement of the whitelist result on February 18, 2022, at 12 pm (UTC).

The Pirate X Pirate IDO event will also commence proper on February 18, 2022. And will be divided into three phases.

  • Phase 1 – will include Guaranteed Allocation for pools number 1 – 6 and Gleam. This phase will take place on February 18, 2022, between 4 – 7 pm (UTC).
  • Phase 2 – FCFS on remaining cap for BSR stakers on February 18th, 2022 between 8 – 8:30 pm (UTC). It is important to note that interested persons must have staked $BSR during the whitelist to take part in Phase 2.
  • Lastly, Phase 3 – will be Public FCFS and will commence immediately after phase 2. That is, from 8:30 pm until allocations are sold out. Notably, there will be no phase 3 if allocations are sold out during phase 2.
Other Important Details
  • $PXP is a BEP-20 token
  • Its Price per allocation during the IDO is $0.018
  • Total allocation currently stands at $190,000
  • The token also has an initial market cap of $407,000.
  • Its vesting schedule includes 20% at the token listing and 20% every month for the next four months.

You can find the IDO page here.

How To Participate in The IDO Event?

The first step to participating in the IDO event is to register for the whitelist. To register for the Whitelist, you need to:

  • Purchase and stake Binstarter’s $BSR tokens. You can purchase $BSR tokens on PancakeSwap.
  • Next is to follow both Pirate X Pirate and BinStarter on Twitter
  • Join their Telegram group and subscribe to their announcement channels
  • Lastly, you need to like and retweet this tweet with the hashtags #BinStarter #PirateXPirate $PXP and $BSR. And then wait for the official allocation announcement.

Also, depending on the amount of staked $BSR tokens, you will be classified into different Pools.

  • Pool 1 – A minimum of 500 $BSR tokens to receive 1 lottery ticket
  • Pool 2 – Minimum of 2,000 $BSR token to receive 1 Guaranteed Allocation with 2x Pool Weight
  • Then, Pool 3 – 4,000 $BSR tokens to 1 Guaranteed Allocation with 4x Pool Weight
  • Pool 4 – 8,000 $BSR token to 1 Guaranteed Allocation with Pool Weight 8x
  • Pool 5 – $16,000 $BSR toeken to 1 Guaranteed Allocation with 16x Pool Weight
  • Lastly, Pool 6 – Minimum of $32,000 $BSR token to receive 1 Guaranteed Allocation with Pool weight of 32x.

Binstarter reserves the right to adjust users allocation depending on pool multipliers and also on the number of participating applicants.

Alongside the IDO event, Pirate X Pirate will also launch a giveaway. 10 Guaranteed Allocations will be distributed to the top 10 participants with the most accumulated points during the IDO. The blockchain gaming platform will also randomly distribute 40 allocations to participants.

Find out more on how to take part in the IDO giveaway here.

BSR Price

At the time of writing, BSR was trading at $1.21 with a 24-hour trading volume of $115,987. The token price is also down by 3.6% in the last 24 hours.

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