Announcing FabWelt IDO on MaticLaunch — Whitelist Now!

5 min readNov 10, 2021

Dear community,

After around two months of time, we are finally prepared to host IDOs for the next generation of ideas built on Polygon. It is the time to communicate the last bits for our very first IDO for FabWelt. Therefore today, we are excited to share FabWelt IDO details with the community.

The visionary Fabwelt team has successfully completed their seed and private sale rounds, raising a total of $395,000 from KOLs and known VCs including Exnetwork Capital, Chronos Ventures, Moonwhale Ventures, Oddiyana Ventures, Kommunitas, WealthUnion, and more.

Along with MaticLaunch, FabWelt is hosting an initial DEX offering (IDO) on a total of 8 launchpads together starting from 12th November. Here are the complete details of the upcoming FabWelt IDO MaticLaunch. All you need to do for now is get your $MTCL ready!

FabWelt IDO Timeline

Here are the details to make you prepare fully for the IDO:

IDO Starts: November 14th, 2021 | 08:30 UTC
IDO Ends: November 15th, 2021 | 08:30 UTC
Token for sale: 3,571,428 WELT
Accepted currency: USDT-Polygon (Contract Address)
Participation method: Staking-based weightage
Vesting: 50% at 30 min. after DEX listing, 50% next month
Token distribution: November 16th, 2021 | 13:30 UTC
Token listing: QuickSwap — November 16th, 2021 |13:00 UTC
$WELT liquidity rate: $0.016
Initial market cap: $40,000
Token contract address: https://polygonscan.com/token/0x23e8b6a3f6891254988b84da3738d2bfe5e703b9

How to participate in FabWelt IDO on MaticLaunch?

Using our easy to interact UI, it is really easy to participate in IDOs through MaticLaunch. If you are still confused, here is the stepwise guide for you.

Requirements:

1. $MTCL Staking

As per the FabWelt IDO participation method, investors become eligible if they stake MTCL on MaticLaunch platform. Here are the staking details:

Staking pool opens: November 10th, 2021 | 17:30 UTC
MTCL staking limits: 500 minimum, No maximum
Staking snapshots: November 13th, 2021 by 09:30 UTC
Default staking period: 7 days
IDO allocation reveal: November 13th, 2021 | 17:00 UTC

How to stake $MTCL for FabWelt IDO?

Step 1: Navigate to MaticLaunch and connect your Metamask wallet.
Step 2: Move to “Staking” from the upper menu and explore “IDO Staking” section.
Step 3: Enter the MTCL amount you want to be counted for WELT allocation calculation and tap on Stake.
Step 4: Provide approval on the Metamask pop-up appearing on the screen.
Step 5: Bingo! You’ve successfully staked your desired MTCL balance.

All you need to do is wait till the staking snapshots are taken and your allocation is disclosed.

2. Whitelist

After staking your MTCL tokens on MaticLaunch staking pool, you need to fill the whitelist form. Whitelist form will also have certain social media tasks to support the project brought on Maticlaunch.

If you had participated in our previous Gold pools, your staking amount will automatically be counted for the allocation calculation. However, you’ll still need the whitelist form.

Whitelist Form: https://forms.gle/FApK6az3DKLf3uBP8

3. Investment Fund

You will be able to purchase $WELT tokens with USDT-Polygon only. Verify the contract here:

USDT-Polygon: 0xc2132D05D31c914a87C6611C10748AEb04B58e8F (QuickSwap Pair)

You can directly swap USDT from MATIC using DEXes like QuickSwap, Dfyn. Or, you can also get it from CEXes like Gate.io, MEXC, Huobi, etc.

FabWelt IDO — How to contribute through MaticLaunch?

Investing in IDOs on MaticLaunch is really easy because of the super-easy user interface. Everything can be done from a single page, making your investment process convenient. Before we get into the stepwise process, let’s explore investment pools and their duration first.

FebWelt Investment Pool:

✦ Round 1 (For MTCL Stakers)
- Opens: November 14th, 2021 | 08:30 UTC
- Duration: 12 hours

If round 1 doesn’t fill the entire $50,000 USDT allocation, it will be opened for everyone.

✦ Round 2 (FCFS for Everyone)
- Opens November 14th, 2021 | 20:30 UTC
- Duration: 12 hours

Here’s how you can contribute to FabWelt IDO:

Step 1: Go to maticlaunch.org.

Step 2: Connect your Metamask wallet with Polygon chain selected and navigate to “Pools” section from the menu bar.

Step 3: Identity and click on FabWelt IDO pool from the list of pools.

Step 4: If you’re whitelisted, you will see a pop-up similar to the following snapshot.

Step 5: Enter your desired investment amount from your maximum allocation and the corresponding WELT token amount will be automatically fetched.

Step 6: Click on the “BUY” button and a Metamask pop-up will appear. Confirm the transaction there. (You will only be able to follow this step if you would have entered a contribution amount between your allocation limits)

That’s it. Here are some notes to keep in mind before participating in MaticLaunch IDO.

Precautionary Notes:

No one from the MaticLaunch team will DM you asking for funds.
The official $WELT token smart contract address is provided above. Always verify contract addresses to avoid falling into scams.
$WELT isn’t listed anywhere yet and will be listed on QuickSwap after the IDO. Any $WELT pair you come across before the IDO will be fake. Be aware!
Kindly follow our Twitter, join Telegram Discussion Group and Announcement Channel for official news. You are requested to sharpen your eyes for any misinformation and malicious practice.
maticlaunch.org is the only official domain. Bookmark the same to prevent buying scam tokens.

Website ✦ Twitter ✦ Telegram ✦ Telegram ANN ✦ Medium

About FabWelt:

Fabwelt is a revolutionary concept that brings blockchain technology into the core of high-quality games of all types or genres. They aim to develop an ecosystem that can connect and interconnect everyone, everywhere, all over the globe with the power of art and gameplay.