CoinList ICO: Agoric + Registration Quiz Answers

About Agoric

A Proof-of-Stake chain utilizing secure JavaScript smart contracts to rapidly build and deploy DeFi.

Key points:

• Agoric is uniquely positioned to tap into the 10+ million JavaScript developers across the world by enabling smart contracts to be built in a hardened version of JavaScript.
  • This results in faster development times, fewer errors, and more efficient development practices.
• The Agoric ecosystem has two tokens: BLD and RUN. Only the BLD token is available for purchase in the CoinList token sale.
  • BLD token: The BLD staking token secures the network and is used for governance.
  • RUN token: The RUN token is a stable token used to execute chain services (e.g., gas), implement smart contracts on-chain, and support cross-chain activity.
• With the Inter-Blockchain Protocol (IBC) enabled on Agoric, projects can utilize Agoric smart contracts with native cross-chain functionality.

Priority Queue

To reward existing Agoric community members and encourage users to positively contribute to token networks, CoinList and Agoric may prioritize access to the Agoric token sale for certain users due to past contributions to their respective communities.

The following groups of users may receive prioritized access:

• Existing Agoric community members (provided by the Agoric team)
• CoinList users who have demonstrated a strong track record of multiple value-add activities to networks including: validators, miners, stakers, active traders, liquidity providers, hackathon participants, and early token sale participants (2020 and earlier)

Sale Options

Option 1:

• Date: December 29, 18:00 UTC
• Price: $0.80 per token
• Asset: BLD token (Cosmos)
• Min/max: $100 min, $1000 max
• Lockup: Tokens unlock 6 months after the sale date on or around June 29, 2022, followed by a 12 month linear release.
• Supply: 45M

Option 2:

• Date: December 29, 23:00 UTC
• Price: $0.65 per token
• Asset: BLD token (Cosmos)
• Min/max: $100 min, $1000 max
• Lockup: Tokens unlock on or around November 1, 2022, followed by a 12 month linear release.
• Supply: 25M

Resources

• CoinList sales page for Agoric: https://sales.coinlist.co/agoric
• Official site: https://agoric.com/

Registration quiz answers

I have registered for the ICO and sharing the registration quiz answers in this blog post.

How many people will receive an allocation if everyone purchases at the maximum purchase limit?

Option 1: 36,000; Option 2: 16,250

What is the sale mechanism for the Agoric sales?

Users in the waiting room will be given a random spot in the queue when the sale starts. Users who arrive after the sale starts will be placed behind those in the waiting room.

What is the lockup schedule for the tokens?

Option 1: Tokens unlock 6 months after the sale date on / around June 29, 2022, followed by a 12 month linear release. Option 2: Tokens unlock on/ around November 1, 2022, followed by a 12 month linear release.

What currencies are accepted for payment in the sale?

BTC, ETH, USDC, USDT, SOL, ALGO

What is the price per token and max purchase for the sale?

Option 1: $0.80 per token, $1000 limit. Option 2: $0.65 per token, $1000 limit

What will happen if someone submits a purchase but doesn’t complete it?

The user’s purchase may be cancelled and the user may be banned from future CoinList sales

Where will I be able to participate in the token sale?

CoinList.co

Which is the only Telegram account for official CoinList announcements?

coinlistofficialchannel

What happens to a user who uses bots or abuses the Queue-It system?

The user’s account will be terminated and all purchases will be cancelled

Purchase details

Your purchase will be confirmed when your deposit clears. If your deposit doesn’t clear immediately, that’s fine – you have until January 5, 23:59 UTC to finalize your purchase.

Please note that if you do not complete your purchase before January 5, 23:59 UTC, your purchase may be cancelled entirely and you may be banned from all future CoinList sales.

If you cancel your purchase after all allocations are sold, you may be banned from all future CoinList sales.

When will tokens be received?

• Option 1: Tokens will be released linearly over a 12 month period starting on or around June 29, 2022.
• Option 2: Tokens will be released linearly over a 12 month period starting on or around November 1, 2022.

Personal Comment

The number of would be investors (Option 1: ≥36,000; Option 2: ≥16,250) for this Agoric ICO is higher compared to other recent launches. Hopefully, we would be able to get a good queue number this time round.

One concern I have is the long wait time before the tokens are released for this ICO.