THE MAPS.ME IEO AND MAPS ARE NOT BEING OFFERED IN THE UNITED STATES OR TO ANY U.S. PERSONS. IF YOU ARE LOCATED IN, INCORPORATED OR OTHERWISE ESTABLISHED IN, OR A RESIDENT OF THE UNITED STATES OF AMERICA, YOU ARE NOT PERMITTED TO PARTICIPATE IN THE MAPS.ME IEO OR TO PURCHASE ANY MAPS TOKENS.
Prepare for the IEO
Take a moment to familiarize yourself with Maps.me or scroll to the bottom of this article.
Note: Any user whose 30d trading volumes do not exceed $50,000 or do not have 1000 FTT staked by 9 PM SGT, January 25th will NOT be allowed to participate in this IEO. Likewise, any user who has not been approved to KYC level 2 will NOT be allowed to participate in this IEO.
In order to bid during the IEO, make sure you read the rules below and do the following beforehand:
- Register your FTX account and submit KYC level 2. Due to a large inflow of new sign-ups, any account that signs up past SGT 9 PM 24th January 2021 will not be guaranteed entry into the IEO.
- There is no guarantee of your right to participate in the IEO or to receive any allocation.
- Set an alarm in advance: the IEO starts at 9 PM SGT, January 26th.
- Prepare funds to bid: at least 200 USD(T), and at most 250 USD(T) and 6 FTT per ticket
- You will have one hour to bid between 9 PM SGT, January 26th and 10 PM SGT, January 26th.
- Trade and buy FTT to lock in your additional ticket allotment 24 hours before the IEO. This means before 9 PM SGT, January 25th.
- Await Results.
- There are 1,000 accepted tickets (so 2,000,000 MAPS tokens total). At 10 pm we’ll raffle off the allocations. The minimum bid is $200 ($0.1 per MAPS) and the maximum bid is $250 + 6 FTT ($0.125 per MAPS + 6 FTT). They will go to the highest bidders; in the event that there are over 1,000 tickets each bidding US$0.125 per MAPS + 6 FTT, we’ll allocate randomly between them.
- Within a few hours of determining the allocations, the trades will print to the winning buyers’ subaccounts, and you will be able to transfer (non-MAPS) funds out of the MAPS-IEO subaccount.
- If you do not win your funds will be returned.
- If you bid FTT but would have won the auction without it, the FTT will be returned.
- All FTT paid will be burned.
Rules for Bidding
Each bid ticket, if filled, will result in a trade: you pay your bid price and receive 2,000 MAPS. You can enter the number of tickets you would like to submit. Each ticket is an additional entry for another 2,000 MAPS tokens; multiple could theoretically be filled.
- Any user who is qualified for the IEO (account is KYC2 and has either 1k staked FTT or has done >$50,000 volume in the past 30d) will receive 1 ticket. You may be able to purchase additional tickets based on your trading volume over the past 30 days, and additionally based on your average daily FTT holdings over the past 7 days.
Average FTT holdings for the 7d prior to January 25th, 2021
- > 10: +1 ticket
- > 100: +2 tickets
- > 1000 or FTX VIP: +3 tickets
Trading volume over the 30d prior to January 25th, 2021
- > US$100,000: +1 ticket
- > US$1,000,000: +2 tickets
- > US$10,000,000: +3 tickets
Please take note of the following:
- The above 30d volume updates once per day: the official volume number used will be your 30d volume over the 30 days prior to January 25th 9PM SGT.
- The above average FTT holdings updates every few minutes: the official number used will be the average FTT holdings over snapshots taken on January 25th 9PM SGT and the 7 days prior (also at 9 PM SGT).
- Stats are summed across all your subaccounts.
- Your maximum number of tickets gets locked in based on data up until 24h before the IEO. We will indicate on this page what numbers are final a few hours after that.
- Please carefully review our terms of service, especially as they pertain to trading activity and KYC submission.
- All participants agree to abide by the FTX Terms of Service and the Token Terms.
- Any participants found violating the FTX Terms of Service or Token Terms will be disqualified.
- FTX reserves the right to amend the Terms and Conditions of this IEO without prior notice.
- Multiple entrants from a single trader are strictly prohibited and will result in disqualification.
- US residents or residents of any restricted jurisdiction are strictly prohibited.
- Reselling purchased MAPS to a resident of the US or any restricted jurisdiction is strictly prohibited.
THE MAPS.ME IEO AND THE MAPS TOKENS ARE NOT AND WILL NOT BE OFFERED IN THE UNITED STATES OR TO ANY U.S. PERSONS (AS DEFINED IN REGULATION S PROMULGATED UNDER THE U.S. SECURITIES ACT OF 1993, AS AMENDED). PARTICIPATION IN THE MAPS.ME IEO AND ALL TRANSACTIONS IN MAPS TOKENS ARE SUBJECT TO THE TOKEN TERMS.
WHAT IS MAPS?
Maps.me 2.0 aims to be the ultimate travel companion and your passport to the new financial system. Powered by Serum and running on the fast and scalable Solana blockchain, Maps.me and its 140mm users represent a one-in-a-kind opportunity to accelerate the worldwide adoption of DeFi. MAPS tokens will bind Maps.me’s users and provide familiar travel reward programs and discounts, as well as governance features on certain aspects of the ecosystem.
Maps.me 1.0 is the world’s offline mapping application and has been trusted by 140mm users for nine years across 195 countries. Our ultimate vision for Maps.me 2.0 is a platform for limitless financial opportunities for hundreds of millions of people, builders, and users alike.
- Maps.me 2.0 will present a revamped experience with both online and offline maps, as well as a rich feature set that will connect users with local businesses and present new opportunities to partners.
- Maps.me 2.0 will also feature a natively integrated wallet to help users discover, review, and book travels directly, as well as transfer funds cross-border, access FX swaps, generate yield on savings through lending, and trade assets, all at fair prices.
- MAPS token holders will benefit from 100% of net-revenues that Maps.me generates: personalized rewards, discounts, and special services (akin to loyalty programs), lower trading fees, and voting on binding governance initiatives related to Maps.me.
- MAPS tokens are natively based on Solana blockchain as an SPL token and are available as an ERC-20 token.
Project Name: Maps.me
Total Supply: 10,000,000,000
Initial circulating supply: Up to 300,000,000 MAPS
Protocol: SPL (Solana) token, ERC-20 wrapper
Official Website: https://maps.me/
FTX Telegram Communities
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