VOID Protocol — Progress Update 5

5 min readApr 11, 2022

Development update, IDO details, Airdrop and more.

Development update

The last few weeks have been extremely busy for Void Protocol, there are many things that needed to be finalized before we are ready to host our IDO and then shortly after the TGE and platform launch. Would be lying if we didn’t admit that some of these tasks have been a larger challenge than we initially thought. One thing we have always been certain with at Void, is that we want to launch with a full working product and of course we aren’t taking any chances by launching without a full platform audit! By putting dates on our IDO we really put ourselves under the pump, as we have no intention of hosting the IDO and then taking any longer than 1–2 weeks until TGE.

This brings us to where the development is currently at. So our developers have been working hard to get the much anticipated airdrop in order, a task we once thought was nearly ready threw many curveballs our way, leading to a couple of weeks more than we anticipated being spent on this task alone. Now our developers have moved on to the integration of the backend to the frontend. However these delays have actually had an impact on us and will mean that the actual platform launch date needs to be pushed back, in turn meaning the IDO date will also be pushed back.

With the developers currently focused on the integration, it means the platform will be live for the early testers within the next few weeks!

IDO Details

Given our progress mentioned above it makes sense to slightly delay the IDO date and in turn the launch/TGE date as well. The date we will now be holding the public raise on is the 24th May. This will be the date for Atlo and we will also be working closely with the Thorstarter team to ensure we can host on this date or close to.

We’ve had a lot of questions about the IDO around how, where and when to partake. This is a simple summary, in the coming weeks we will release a more in-depth IDO participation guide.

*Atlo:

Where: https://atlo.app/
Date: 24th May
How: https://atlo.medium.com/intro-to-early-bird-and-public-sales-8f7fa7d1081d
Raise: 600k UST (6m Void)
KYC: Yes

Thorstarter:

Where: https://thorstarter.org/
Date: 24th May (TBC, will be close to)
How: Users either deposit XRune into the old tiers contracts, which can be done on Terra or users can also deposit into the newly released Forge on Thorstarter using Fantom network, allowing users to earn back a percentage of fees on the platform and more. The higher the deposit/tier, the higher the allocation a user can receive. Here’s a guide on depositing into the Forge; https://blog.thorstarter.org/thorstarter-forge-release-date-and-complete-guide-f0ef0dc9b1a5
Raise: 400K UST (4m Void)
KYC: No

*Pylon:

Where: https://www.pylon.money/
Date: Pools will be live around 24th May
How: Deposit UST into one of the two pools 6 or 12 months. Rewards will be claimable after 3 and 6 months respectively.
Raise: 250K UST (2.5m Void)
KYC: No

*Void sale on these platforms still needs to be voted yes by the governance of each platform.

Void WL sale

There are 500 positions for the WL sale, this portion of the raise will also be held on the Atlo platform, therefore KYC is required for WL participants. The best way to obtain a WL spot is to be active/engaged in the Discord (there are a few metrics which go into this all relating to the Void Discord.) Wallet collection will begin over the next couple of weeks, therefore there is still time to gain a spot.

50 of these spots will be used for promotional content for Void protocol, therefore there are also a number of opportunities to gain a spot, just by entering our giveaways and promotions.

Where: https://atlo.app/
Date: 17th May
Raise: 250K UST (2.5m Void)
KYC: Yes
Allocation: Max $500 per WL spot (If all WL spots take max allocation)

Void Airdrop

The much anticipated Void airdrop is getting closer and closer and with that, the questions around it have increased ten fold. There are five avenues in which a user can become eligible for the Void airdrop:
Luna Staking: 3.5m Void will be going to Luna stakers, we are working also to make sure that this includes Yluna on Prism and the Luna staking on Stader.
Anc Staking: 3.5m Void is going to single asset ANC staking on Anchor.
Mine Staking: 3.5m Void is going to single asset MINE staking on Pylon.
Atlo: 3.5m Void is going to Atlo users. This will be based off a users Atlo Rating on the Atlo platform.
GP Staking: 1m Void is going to Galactic Punk stakers on the Galactic punk website.

A user can earn Void from all of these avenues simultaneously. The total earnt Void for each user will then be divided into portions; The first ⅓ will be claimable immediately on TGE, the rest will again be divided into 3 parts, each part will be claimable to the user after depositing funds in the VAP’s (Void Anonymity Pools) for a total of 31 days. This step can be repeated 2 more times until all portions have been claimed.

Charity NFT Auction

The charity auction is still very much in the works! We are communicating with Luart to set an exact date, which will be announced along with a write-up including all the contents of NFT basket which will be auctioned off for charity. 50% of the proceeds will be going to the climate category (as chosen by the Void community) and the other 50% will be going into the Ukraine fund. All funds will be contributed through Angel Protocol.

Here’s a little sneak peek of some NFT’s we’ve collected so far for this auction:

We can’t wait to host this auction and hope some of you can’t wait to try and get your hands on some of these NFT’s whilst also doing good for some great charity causes.