Announcing the $HALO Token Community Private Round

Announcing the $HALO Token Community Private Round

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We’re excited to announce the launch of our Community Private Round for the HALO token on the 17th of November 2022. HALO is the native token of Orbis, the first layer 2 zk-rollup scaling solution for Cardano. We have partnered up with JPG Store's Minting Service to provide you with a memorable experience and give you the chance to get involved in Orbis.

This will be the first round (Tier 4) for the Community Private Round. The HALO token sale will come in the form of NFTs that can be purchased through JGP Store. These NFTs will be exchangeable for HALO tokens when the HALO token launches. We are planning to launch the HALO token alongside the launch of the Orbis MVP in Q2 2023.

Some important details

  • Start date: 17th November 2022
  • Start time: 2PM UTC
  • End date: Ongoing
  • Tier 4 Supply: 40,000
  • Price: 50 ADA
  • Max NFTs per mint: 10
  • Max number of mints: Unlimited
  • Tier 4 NFT to HALO token exchange rate: average purchase dollar value of ADA on 17th November 2022

To learn more about the HALO token, please visit https://docs.orbisprotocol.com/orbis/halo-token/tokenomics

Multipliers

There will also be multipliers for sale participants which will be applied to the exchange rate of Tier 4 NFTs to HALO tokens you will receive. The multiplier is applied to the exchange rate of NFTs to HALO tokens so you receive two times the number of HALO tokens if you have a 2X multiplier. The multipliers stack up to a maximum of 3X.

  • 500 NFTs purchased: 1.25X
  • Ardana Stake Pool Alliance (ASPA) delegators [1st November snapshot]: 2X
  • Discord OGs (first 500): 2X
  • Discord next 1000 members: 1.5X

For example:

An ASPA delegate who purchases 100 NFTs for 5000 ADA will receive 10000 ADA (2X) worth of HALO tokens.

For the ASPA delegators multiplier, the sale will allow for purchase with an alternative wallet to the one being staked with an ASPA pool. However, this NFT must be transferred to the ASPA pool staked wallet by 2PM UTC on the 30th of November 2022 to be eligible for the multiplier.

For the discord multipliers, we have a record of the qualifying users and closer to token launch, will set up a verification bot to allow those users to link their wallets to their username.

We will be keeping a record of sale participant wallets and multipliers they qualify for.

Conclusion

We’re looking forward to seeing what the future holds, both for Orbis and Cardano as a whole. We're excited to hear from you and answer any questions you might have about this round. Simply join our community discord channel: https://discord.gg/orbisprotocol

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