- SolRazr has been observed getting overwhelming support from its community
- SolRazr’s whitelist for the first IDO is now live
- Ahead of the IDO and whitelisting the protocol will do an airdrop of 100k SOLR tokens
SolRazr is the DeFi tool on the Solana blockchain network. It is the first decentralized developer ecosystem for Solna. Notably, the protocol offers a launchpad, an accelerator, and developer tools. Since its establishment, the protocol has received overwhelming support from the community. Recently, the protocol has announced its whitelist of the first initial DEX offering (IDO) is live. Indeed, the whitelist of SolRazr’s first IDO is now open on the protocol’s official website. Besides the announcement, the team behind the protocol also revealed that they will airdrop SOLR tokens.
SolRazr IDO is live for desktop users
On Friday, SolRazr tweeted to announce that the protocol is thrilled that the whitelist for its first IDO is now open. Meanwhile, the protocol also shared its tokenomics. SOLR tokens will be launched at an initial price level of $0.30. It is also revealed that the pool size will be $300k on the Solana blockchain network. SolRazr has kept an individual allocation amount capped at $300.
KYC is mandatory for participation
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Though the first IDO and whitelisting are live on SolRazr, it is only available for desktop users. In an official blog the team behind the protocol underscored that currently, the IDO is only available on desktop. Indeed, the mobile version of the IDO is yet to be rolled out. Moreover, it is noted that supported Wallets only include Sollet, Phantom Wallet, and Slope Finance. Notably, a due Know Your Customer (KYC) is mandatorily compelled for participation in IDO.
100k SOLR tokens will be airdropped
Besides the first IDO and whitelisting, SolRazr will be airdropping SOLR tokens to its token holders and early adopters. The airdrop will be launched ahead of its first initial DEX offering. In the tweet, the team highlighted that they want to include as many community members as possible in the protocol’s success. Hence, the team is reserving 100k SOLR tokens and decided to do an airdrop.
Besides token holders and early adopters, all the participants applying for the whitelist are also eligible to participate in the airdrop. However, the dates for the winner’s announcement are yet to be revealed. According to the protocol, winners will be announced after IDO is over. At the time, winners will be able to claim the airdropped tokens.