The Synapse Network is a new-era financial institution created by combining the best aspects of mainstream finance, with the best features that blockchain technology can bring to the table. To get know more about Synapse Network, visit our website: click here
To use our platform you need to install a cryptocurrency wallet on your browser or smartphone, such as Metamask.
For example, we will describe this process using the Chrome browser, to find an extension for this browser click here and then search for the extension by typing “MetaMask” in the search box. Please also make sure that you are going through the right link – it should come from https://metamask.io website. Then click “add to Chrome” to add the extension.
Next you need to confirm that you want to install Metamask, confirm by clicking “Add extension”
The browser will now install the extension, your task is to click “Get started”
Remember to add the metamask extension to your browser bar by clicking on the puzzle icon, then clicking the pin icon.
This will give you easy access to your metamask wallet, in case you need to log in, change networks or perform any other action just click the icon to call up metamask.
After installing the extension you have two options, the first is to click “Create a Wallet” if you don’t have a Metamask account, which will start the account creation process, or the second is “Import wallet” if you already have an account.
To create a new account press “Create a Wallet” and when you have done this, read the information on the screen and then press “I Agree”
Now create a password for your Metamask account. Then read and confirm the terms and conditions of Metamask, and click “Create”.
Then watch a short video about the security of your data. Read all the information displayed on the screen, once you have done this, press “Next”
The next step is to click on the space marked 1 and to write the words displayed there onto a piece of paper. Then click on “Next”.
The next step will be to rewrite the previously saved seed words and click “Confirm”
Congratulations. You have created a metamask account, to complete the process, click “All Done”
After clicking “Import wallet” press “I Agree”
The first step is to make sure that you have selected the correct number of words to import. Metamask has twelve seed words, so set this number. If you are importing another wallet, you can change this value. The second step is to enter the seed words, then set your password and read and confirm the terms and conditions. Finally, click “Import”.
After completing these steps you will have successfully imported your metamask wallet. Click “All Done” to confirm.
Depending on the system of your smartphone, you can find the Metamask application in the App store (click here) or Google Play (click here). Once you have downloaded and installed the app, create or import an account in the same way as shown above.
Once you have created your metamask account, you must create an account on our platform click here you will then see two options to choose from “MetaMask” and “WalletConnect” click on “MetaMask”.
To connect with Metamask click “Next”
Then confirm the action by clicking “Connect”
After clicking “Connect” you will connect to the platform. You will now be able to create an account on the Synapse Network platform. Press “Register”
The next step is to check that your metamask wallet address is correct, remember that you must use the same address also when doing KYC, KYC is a procedure to verify your identity. You also need to enter your email address and set up a username. When doing KYC use the same email address you use here. Accept the required consents and click “Register”.
After filling in the required data and clicking “Register”, click “Sign”
Congratulations, you have just created an account on the Synapse Network platform. If you need to log in again, just click on “login” and confirm it with metamask.
Make sure you have installed Metamask using the App store (click here) or Google Play (click here). After installing the app and creating or importing a Metamask account, launch Metamask. You will see a window to select a variety of applications, click on the “Mobile” bar at the top left and then click on the Metamask icon.
When you are in the metamask, on the top left click on the button that will expand more options.
Then select “browser” to launch the built-in Metamask browser.
Use the search engine and provide the address of our platform https://app.synapse.network/
After entering your address, you will go to the Synapse Network platform. To log in click on “login”
After clicking on “login” you must confirm your wish to log in with metamask, to do this click on “sign”
Congratulations, you have just logged on to the platform.
To connect the Metamask app on your mobile phone to a browser on your desktop, use the ‘WalletConnect’ option.
Then, on the left-hand side, click on “QR code” and you will see a QR code which you must scan with your Metamask.
To scan a QR code, launch metamask, and click on the icon in the top right corner.
After scanning the code, you must click “connect” and then “sign”
Congratulations, you have logged in using WalletConnect.
A brief description of how to navigate on the platform.
This is where you will find all the upcoming, ongoing, completed and future sales rounds on our launchpad, you have the option to sort the displayed projects as you wish using the buttons on the top left. You can also use the search engine to find a project by typing its name in the “search” field. Below the search engine, you can also change the display modes of the projects using the available layouts.
Clicking on the “Details” button will take you to the tab for that project, in this tab you will find details such as start and end dates, price per token, total investment amount, time to start or to end sale round, amount of total guaranteed allocation, number of tokens you have purchased and the “Research page” marked in green, among others. The “Research page” contains more detailed information about the projects, such as tokenomics. Not every project has an available “Research Page” due to its status, this means that the project will not necessarily appear on our launchpad. When a round of any project is in progress, instead of “Details” you will see “Invest” this button will take you to the investor panel where you will make your purchase.
In the “Dashboard” you can also directly connect to decentralised exchanges such as Pancakeswap, Quickswap or Uniswap, and network explorers by clicking on any of the icons at the top of the screen. You can also connect directly to Anyswap (aka multichain) which is a bridge that allows you to transfer SNP tokens you hold in your wallet between the ERC20/BEP/Polygon networks.
This is also where you can change networks, and mark favourite networks with the heart icon so that they are at the top of the list. Simply click on the name of the current network to expand the list, you can then add networks to your favourites, which will then be displayed at the top of the list. Right next to the address of your wallet, which is displayed at the top right of the list, you will see the total amount of SNP Power that you have achieved through staking. Next to your SNP Power points, you will also see the name of the level you are at and next to this is a logout button. If you are interested in the CertiK audit results click on the audit icon.
This is where you can check your current email address or edit it by clicking on the pencil icon, you will also see your KYC status, the amount of SNP Power you have, the level you are at, the wallet address that is assigned to your account, and the SOLANA wallet address that you can also add there by clicking “Connect to edit” we propose to use the phantom.app wallet. You can also connect your Twitter account to get special points in the future, stay tuned.
This is the place where you will be able to claim your purchased tokens if they are available. Please note that the projects are on different networks, so sometimes you will have to switch to the correct network. In this tab, you will find information about how many tokens you have claimed, how many tokens you can claim now and how many tokens are left in the vesting contract. To claim tokens press “claim” and confirm it with your wallet.
Explanation of how the level system works, plus examples and simulations.
(Please continue reading)
To reach a given Tier, you must stake SNPs and achieve a specific amount of SNP Power.
You will also gain the required amount through the multipliers offered by our staking.
With multipliers, even with a small number of SNPs you will achieve higher SNP Power totals. Achieving the right Tier will enable you to enter one of our rounds or our lottery.
In addition, each Tier offers a different allocation multiplier that increases your allocation. This means that we have two types of multipliers, first multiplies your SNP Power and the second multiplies your basic allocation, the amount of the multiplier depends on the staking path you have chosen and the Tier level you are on. Examples of how it work can be seen below.
Above is a table showing details of each Tier.
Below you will find a legend explaining this table and the rest of the article.
We encourage you to read the content carefully in order to better understand the entire system that Synapse Network offers.
A) Legend
Level: Level and its name.
Amount: SNP Power amount – is equal to the sum of SNPs in staking including multipliers offered by staking in specific step in path (not to be confused with allocation multiplier) required to gain a Tier. The sum of the SNP Power you have is visible on the board at the top above the tier name, next to the wallet address.
Pool: Allocation multiplier. Multiplies the basic allocation calculated for the “Early Birds” tier, examples of how this works can be seen below. (Not to be confused with multipliers offered by staking paths)
Pool chance: Percentage of chances of winning the allocation lottery.
Type: Types of allocation, lottery or guaranteed allocation.
B) Important
By achieving 20k SNP Power you will receive a guaranteed allocation.
By achieving less than 20k SNP Power you will have a chance to win an allocation through the lottery.
The percentage chance of winning an allocation in the lottery differs for the Early Birds, Bargain Hunters and Reaches levels, with 10%, 25% and 50% chances of winning respectively.
Example:
Let’s assume that, on average, 25% of SNP staker users have registered for a round.
The calculation is made after counting the registered people per round.
The amount to be raised in a given round is $50,000 and the base allocation has been calculated at $60.85 (basic allocation, this is the allocation from the Early Birds Tier)
Having a level Night Owls (20,000 SNP Power) the allocation multiplier is 2.
Your guaranteed allocation is therefore 2 x $60.85 = $121.70
Having a level Treasure Hunter (50,000 SNP Power) the multiplier is 5.
Your guaranteed allocation is therefore 5 x $60.85 = $304.25
We calculate the allocation in the same way for the other levels.
A) The allocation is scaled linearly:
Assuming that 25% of the users will participate in the round, and the pool size of the round is $50,000 – the allocation will be $60.85 as in the example above.
However, when the pool of the round is $100,000 with 25% of users participating in the round, the allocation will be 2x more (because the pool is 2x bigger) than it is already $121.70 etc.
B) Do the multipliers add up? No!
Each staking you do will multiply the SNP power in that pool separately. If you have several stakings, you do not add the multipliers to get their sum and multiply the SNP Power, each pool is counted separately which means you only add the SNP Power, not the multipliers.
C) Premium Tier
By staking an amount equal to 20k SNP Power or more (remember the multipliers that allow you to reach this amount without having so many tokens) you qualify for Premium Tier. This means that you will be able to participate in rounds for projects available only to investors with this status. Additionally, all rounds are guaranteed for you! The Premium Tier itself will be improved, so stay tuned to know what the future holds.
D) What happens when the round pool and % of users participating in the sale change?
You are certainly curious to know how the allocation for each level will change in different situations, so we have run hundreds of simulations and taken into account various variables. Below you will find a link to the different calculations and examples:
Click here: Check simulations
The operation of staking and its pathways and the levels of these paths.
To use the newly introduced staking solutions, you will need to first withdraw your tokens from the Synapse’s Staking Legacy pools, by pressing the request unstake button, waiting 7 days and then clicking the withdraw button, then switch to our new staking pools to ensure the best possible passive profit from your staked tokens.
Firstly, let’s get to know what staking is in general. To better understand these concepts and their benefits, read the following articles:
A) Promo Stake – a bonus for loyal stakers.
Promo Stake – a bonus
(Bonus for those who have staked the longest time)
The bonus (if the user qualifies and is added to him) is marked on the platform, in the staking section, with stars and green colour.
The bonus level is set individually, depending on how long the user has been staking their tokens before the new staking is introduced.
B) How to use the bonus?
Select any staking path, except the “Periodic Tier” path.
Then select the locking period which is highlighted by the stars (image above)
C) What does the bonus offer?
Path selection without bonus
Selecting a path with a bonus
This bonus does not work in the “Periodic Tier” path and cannot be used there.
Characteristics of paths and functioning of the staking calculator
A) We offer six paths, each path presenting different benefits.
APR – Annual percentage rate
SNP Power multiplier – Multiplies the staked SNPs pool (e.g. 1000 tokens x 1.28 = 1280 SNP Power)
Early unstake fee – It varies depending on the values selected. The fee is charged if the user makes a “Request Unstake”, but does not wait for the entire “Unstake Period”, but makes an early withdrawal.
Unstake period – It also varies depending on the values selected. The Unstake period is the time required to wait in order to unstake tokens without being forced to pay an early unstake fee.
Estimated total SNP rewards – Depends on the values selected.
To access the staking calculator or the staking form, press the button indicated by the arrow on the left side of the platform. Please note that you must be logged in.
The image above shows the “Staking calculator”. This place will allow you to estimate the approximate conditions of each path. You can switch between paths and modify the sliders showing the staking period, token price and number of tokens. Pressing “Stake your SNP” will take you to the “Staking form” section which is also visible above next to the calculator.
The picture above shows the “Staking form” in this section you can select a path and stake your tokens. On the top left, you need to enter the number of SNP tokens you want to stake, you can also use the MAX function to enter the maximum amount of SNP tokens you have in your cryptocurrency wallet. Once you have made your selection, press approve to confirm the amount and all values, then press stake to start staking the tokens. Remember that you must confirm each action with metamask otherwise, it will not take place.
By changing the data in the staking calculator, such as the number of tokens staked, the SNP token price and the lock-in period, the estimated values you see above also change.
Above you will see a staking calculator which will help you to estimate the benefits and conditions of staking. Remember that you can switch between the staking calculator and the “Staking form” by clicking on their names.
B) Types of paths and their levels.
As you already know, each pathway changes the benefits presented in relation to the values used.
Examples
All Numerical values and variables shown are used only for the purpose of this article, and as such, they shouldn’t be taken for granted.
Current Values and Variables can be found here on the Synapse Network
To represent each path we will use the same SNPs amount (6672) and the period (120 days) only in Periodic Tier it will be (360 days)
Stable increase – It offers a steady increase in APR with each higher level and a moderate allocation point multiplier. The path has 12 levels each expressed as a staking period (e.g. 30 days is level 1 and 360 days is level 12)
As can be seen above each level (period) higher than the previous one, increases the APR by 5%.
The early unstake fee, SNP Power multiplier and the amount of the reward expressed in SNPs increase with each level of the path. The changes can be checked in the summary presented above, they occur when the level (period) of a path is changed.
Fast rewards – Offers a higher % of APR compared to others in early stages pathways but decreases with each successive level.
Extra allocations – It offers a fixed APR of 5% at each level of this path and a high multiplier.
The Early unstake fee is stable at 10%, increasing the level (period) increases the reward in the SNP and also the SNP Power multiplier.
Epic allocations – It is characterized by the absence of APR and SNP rewards, and maximization of allocations. Regardless of the chosen path level (period), the APR remains zero.
Each level of this path increases the SNP power multiplier.
The Early unstake fee is 10% at each level of the path.
No allocations – It offers the highest APR increasing with each level (period) of the path while having no allocation, there are no SNP Power multipliers, has a high cost of Early unstake fee and its long duration.
The Early unstake fee increases with each higher path level.
Periodic Tier – No claiming of rewards during the staking, periodic staking for example, for 30 days. It offers 6 levels (periods) and not 12 like the other paths. in this case we will take a period of 360 days.
Please also note that a claim action results in a drop to level 1 in the path.
C) How does it work and how much unstaking cost?
Please note that the time after which the user can withdraw tokens without a fee is the moment of executing a “Request Unstake” and waiting for the full “Unstake Period”, which is individual for each type of staking and its level. The “Unstake Period” varies depending on the path and staking period the user is on. (except for the Periodic Tier path, as this path does not allow unstaking earlier than the selected period)
The unstaking time increases with each higher level (period) of the selected path. To avoid paying unstaking fees, patiently wait for all the periods required for unstaking.
How to provide liquidity and how to stake LP tokens?
When you add liquidity on Uniswap, Quickswap or Pancakeswap it is also possible to stake LP tokens on all networks, since DEXs like the one above reward liquidity providers with their liquidity tokens that reflect in your pool. With those tokens on your wallet, you are able to stake them on our platform.
By using this guide, you take full responsibility for your funds and your actions. Do not perform any actions other than those described in the guide – especially if you are new to the world of crypto investing. By adding liquidity, you are made aware of what an “impermanent loss” is and what the consequences are.
LP token address:
0x4686913f5e375989346759300ce11612085e4f26
Synapse is running in the Uni/V2 environment. Do not add liquidity to another version.
Uniswap pools operate on a 50/50 model.
By adding token X you must add the equivalent in Y.
LP token address:
0x6b5fc4a09Ecfa187C4e5b26A52636d2495F78692
LP contract address:
0xa23eE8b7707A16b92d5B629FB5eE61A54BaA61Ab
Staking offers six periods to choose from, which is the length of time for which you can stake your LP tokens. Each staking period has its own SNP Power multiplier.
DESCRIPTION OF STAKING LP
Important:
Staking is supported on ERC20, BSC and Polygon networks.
LP staking adds up to the usual SNP staking.
Staking LP affects SNP Power multipliers: The point is that here we multiply the SNP tokens x2 and only then take the multiplier into account in the SNP Power calculation.
All of our Staking pools will only count the amount of SNP tokens you have in your LP, not the SNP + Stablecoins.
To stake LP make sure you have LP tokens in your cryptocurrency wallet assigned to your Synapse Network account. The next step is to click the “New Staking” button on the left side of our app, then scroll down the page to get to the LP staking section. The last step is to enter the preferred amount of LP tokens you want to stake. We can also use the “Add liquidity” button to move to the decentralised exchange and provide liquidity to obtain LP tokens.
Once we have entered the amount of tokens, we will need to select the time period for which we want to stake our LP tokens. As you can see in the image, there are six periods available.
Each period presents different values that you see on the screen, please check all information that the platform displays to be sure of the conditions. Once you have made your selection, remember to execute “Approve” and then click “Stake LP” to start staking LP tokens.
Legend
Emergency unstake: This is an option to unstake LP tokens that can be performed at any time, this action causes the user to receive no rewards, not even the ones they have previously earned. When performing an emergency unstake, an emergency fee is charged which varies according to the period chosen by the user. Performing an emergency unstake is equivalent to the end of staking. The emergency unstake fee increases with the staking period.
Emergency unstake fee: This is the fee which is calculated in case of an emergency unstake. The fee is deducted in LP tokens.
SNP Power multiplier: SNP token multiplier, works the same as for standard SNP staking.
LP Amount: The sum of the LP tokens staked.
Staking period (lock): The duration of the staking, otherwise known as the staking period.
Estimated rewards: Estimated rewards in SNP tokens.
SNP Amount: The SNP amount contained in the LP tokens staked by the user.
APR: Annual Percentage Rate.
How LP rewards are calculated:
When adding stake your tokens are analysed by the contract to find out what amount of SNPs correspond to the amount of your LPs at the time of adding LP tokens for staking. Based on the calculated amount of SNPs and interest, rewards are calculated.
What actions related to LP staking can be performed by the user:
Unstake.
At the end of the staking period, you may unstake your LP tokens immediately, without having to wait any additional time to cash them out or pay any additional fee.
For example, if you unstake LP tokens for 30 days, the rewards are only credited for that period, but even if you don’t stop staking after this, without unstaking after 30 days, you will not be rewarded for the additional period.
Restake.
Restake is possible after 75% of the staking time has elapsed in the selected period.
Each staking period is characterised by a different time window in which you can restake your rewards. By clicking restake you choose a new staking period. The new staking period can be the same or longer than the current one.
Restake does two things:
First, it causes half of the rewards earned during staking to be exchanged for stablecoins. Then stablecoins are added to the LP liquidity pool together with the other half of the rewards. As a result, the LP tokens created go to the staking contract and not to you. The new LP tokens created in this way are added up with the currently staked LP tokens, creating a new staking. The new award amount is calculated in the same way as when adding the staking.
If you change the APR, the conditions you chose at the start of the staking remain the same. The time window counting down to the possibility of performing a restake. may then change.
Where to buy SNP tokens and where to track the price?
The SNP contract address on the ERC20/Polygon and BEP20 networks is the same:
0x6911f552842236bd9e8ea8ddbb3fb414e2c5fa9d
How do I move a token from the ERC20/ETH network to the BEP20/BSC/Polygon network and vice versa?
For example, if you want to swap SNPs from ERC20 to BEP20, you should select ERC20 in the “From” section and BEP20 in the “To” section. Press swap and then confirm that you want to complete the transaction. Make sure you have BNB, Matic or ETH for the transaction fees.
Legend:
BEP20/BSC (Binance Smart Chain Network)
ERC20/ETH ( Ethereum network)
Polygon (Polygon Network)
SNP is a fee-on-transfer token meaning that each transaction or token transfer takes a fee from the tokens used in that transaction.
Details:
BSC 3% fee on transfer. 1.8% is burned, 0.6% goes to LP, and 0.6% to the staking rewards pool.
Polygon 3% fee on transfer. 1.8% is burned, 0.6% goes to LP, and 0.6% to the staking rewards pool.
ETH: 2% and the fee goes entirely to the staking rewards pool.
What slippage value should I set?
3.1% for BSC/Polygon.
2.1% for ERC20.
KYC is a user identity verification procedure and is required for regulatory reasons. Once you have completed KYC you will be able to take full advantage of all the opportunities offered by our platform. Remember to achieve a minimum of 2000 SNP Power or equivalent in LP to activate KYC procedure on our platform.
Step 1 – Click Sign in to Fractal ID.
Step 2 – Read and accept the privacy policies and user agreement.
Step 3 – Select your country of legal residence.
Step 4 – Please provide your current address. The data must be consistent with the documents that you are required to provide.
Step 5 – You need to upload your proof of address document, please read the on-screen message carefully.
Choose a file from your computer’s disk or use a camera to capture your proof of address. Please make sure the picture is oriented horizontally.
Step 6 – Fractal.id needs to verify your wallet address. Please select ERC20 as your wallet currency, then click next.
Now just paste your ERC20 wallet address. The address must be the same as the one you used to create your account on our platform.
Step 7 – Select the type of identity document you have. For example national ID.
Now just upload the required photos of your national ID (front and back)
After that, you will need to wait couple of minutes for the identity confirmation
Step 8 – Live photo verification. Fractal.id needs a live photo of you to prove that you are a real person. This will only take a few seconds. You can finish this step via a mobile device.
Congratulations, you have completed all the operations, please pay attention to your registered email, it will receive the KYC result, or inform you if further operations are needed. As soon as Fractal.id verifies all your data correctly, you will be able to make full use of our launchpad!
A step-by-step guide to investing with Synapse.
Consider also connecting your Solana wallet, it can be done in the “Profile” tab, you also need to add your Solana address as it gives you access to the projects built on the Solana network, and secondly, it is to this address that the project will assign purchased tokens to you if they are on the Solana network. The wallet we suggest you use is Phantom.app.
We will start by discussing the prerequisites for investing in projects on our platform, starting with what you need to have in order to participate in the sale.
A) Go to: https://synapsenetwork.medium.com/ and find out the round schedule.
B) On our platform under the projects tab: https://app.synapse.network/
C) By typing //time on our telegram channel: https://t.me/Synapse_official
Once you have ensured that sign-ups are available, on our platform click on your preferred project and then click on the registration button visible on the screen, you will then see a thank you message indicating that you have successfully registered for the project round.
Remember that by winning an allocation in the GLEAM competition, you do not need to stake any SNPs. The only requirement in this situation is to perform your KYC process before the current round ends.
Now that you have met all the conditions, we will move on to how and for what to buy the tokens of your chosen project.
Users won’t need to buy NFT tokens during the sale, but rather tickets that will later be converted at a 1:1 ratio with the NFTs, meaning that a user buying 10 tickets and then winning in a draw will be able to buy 10 NFT. The tickets purchased by the users are multiplied by the Tier Level achieved previously, thus calculating the amount of so-called ticket power, which increases the user’s end chances of winning the draw.
A) The number of tickets purchased increases the chances of the user ultimately winning the draw.
B) The purchase of tickets does not guarantee the purchase of an NFT, but it increases the probability of getting one.
C) We offer 10 Tier levels, with the Early Birds Tier being the first one. The higher Tier level users will have more chances of winning the draw.
One hour before the start of the INO sale, we will take a snapshot of the Tier levels currently held by users, with this status being taken into account during the sale. The higher the Tier level a user has, the greater their chance to win.
After purchasing 1 ticket and at the same time having a Tier 10 (Whales) level, the user will have 10 power tickets (1 ticket x Tier 10) which increases the chance of the user to purchase one NFT, as 1 ticket is converted in a 1:1 ratio to the NFTs.
After purchasing 5 tickets and while holding a Tier 10 level, the user will hold 50 power tickets (5 tickets x Tier 10 level) which will increase the user’s chances of purchasing five NFTs.
After purchasing 5 tickets and while holding Tier 9 (The Peanut Gallery), the user will hold 45 power tickets (5 tickets x Tier 9) which increases the user’s chances of purchasing five NFTs.
After purchasing 10 tickets and while holding Tier 1 (Early Birds), the user will hold 10 power tickets (10 tickets x Tier 1) which increases the user’s chances of purchasing up to 10 NFTs.
* In the event that more tickets are sold than the available NFTs pool, an additional draw will be later announced to decide the winners. If this does not happen, the number of tickets will be recalculated by default i.e. 1 ticket – 1 NFT.
* There is a maximum limit of 10 NFTs purchases per user unless otherwise stated in the rules of the ongoing round.
* During a round no overpayment can be made but each user can purchase up to a total of 10 tickets.
* FCFS is not planned but is not excluded in the future.
* At the end of the sale, those who have purchased tickets but have not won in the draw will receive a refund of their investment within 24 hours of the end of the round, using the BSC network and the BUSD stablecoin.
11.11.2022 9 AM UTC – Start of Gleam competition ( Gleam Link) mandatory for non-SNP stakers and optional for SNP stakers. Winning the whitelist guarantees the opportunity to purchase at least one NFT.
15.11.2022 9 AM UTC – End of Gleam enlistment time.
15.11.2022 7 PM UTC – Announcement of Gleam winners, And the start of Gleam winners allocation data inputting on the platform. Start of the KYC process for Gleam winners.
17.11.2022 9 AM UTC – Start of Ticket Sale
18.11.2022 9 AM UTC – End of Ticket Sale
18.11.2022 11 AM UTC – Ticket Whitelist Announcement (Being on the winner’s list is equivalent to purchasing an NFT)
19.11.2022 9 AM UTC – Refund of unused funds for ticket purchases.
(FCFS – First come, first served)
In the event that you do not win the lottery, did not manage to buy the project, did not sign up for the round in time, or have only now decided to buy – you can still buy the project through the FCFS round, but only if the guaranteed pool is not sold out. FCFS is visible from the start of the basic round, i.e. for guaranteed allocations, at the same time the sales progress bar is displayed, which informs about how the sale is going.
Example:
9:00 AM UTC – FCFS is activated on the BSC network only when the sales pool is not filled, namely at the end of the guaranteed sale. Then the investor panel is activated and you can enter the amount you wish to invest and you must confirm your purchase by pressing approve.
10:00 AM UTC – Recalculation is in progress.
10:30 AM UTC – Half an hour after recalculating the guaranteed sale amount, FCFS is opened to users who have staked SNPs (at least 2000 SNP Power) and have completed KYC – but only for those who did not get into the guaranteed allocation.
11:30 AM UTC – FCFS is launched for all those who have just opened an account on our platform and do not have a completed KYC.
A) What about allocation in the FCFS round?
The allocation during the FCFS round is a maximum of ten times the minimum allocation from guaranteed sales (base allocation calculated for tier Early Birds).
B) What about overpayment/overallocation in the FCFS round?
A user participating in the FCFS cannot make an overpayment/overallocation.
A user who has won the GLEAM also cannot make an overpayment.
C) What about KYC during the FCFS round?
If a person without KYC and without SNP token staking makes a purchase during FCFS, then in order to receive the tokens he must finish KYC on our platform. The opportunity to complete the KYC procedure will occur for these individuals no later than 9 AM UTC on the day following the completion of FCFS. The end of the FCFS round will occur automatically when the pool is filled or at 9 PM UTC on the same day.
You can also purchase tokens through the fiat gateway we offer. It is currently available on the Polygon network, below is a short introductory tutorial:
When you choose a network with fiat support you will see an additional icon of a wallet near your balance.
After clicking the button, you will go to the fiat payment window:
The next step is to choose the fiat currency you want to convert into cryptocurrency
The next step is to enter your e-mail address. By default, the email address from the user profile is set, but if you already have another account on the Ramp platform and want to use it, you can enter the email assigned to that account. Please mint that Ramp also requires a KYC which is assigned to an email/wallet or wallet-email pair.
You must then confirm the code you received to your email address – this is a security measure.
A window will then appear asking you to confirm your wallet address.
Next, you need to choose a payment method – you can use Revolut for example, card payment or even a bank transfer. We advise against using a bank transfer as it can take longer than the total sale.
Then simply confirm the summary.
Complete your purchase by pressing the buy now button. The transaction may take some time. The tokens on the platform should refresh automatically and a message should appear that the transaction has been completed. If you paid by card and after several minutes you still don’t see the funds, it is worth to refresh the app. Remember to check your e-mail, because it is where the Ramp sends the transaction confirmation and payment status updates.
Support email: support@synapse.network
If the guaranteed allocation for the Early Birds tier is “X” You can overpay a maximum of 5 times this guaranteed amount in each round.
Overpayment gives you the opportunity to buy an additional amount of tokens, only if other users conceded their own guaranteed allocation, or in the case that the given round doesn’t have enough people to complete the allocation.
If the system allows you to buy, for example, 5% of the 100% overpaid amount, the rest will be returned to you after the end of the round within 24 hours. Check on-chain e.g. on bscscan.com transfers signed as “disperse. app” so the refunds are signed.
On our website find the link “Apply for fundraising” where you can define the scope of the collaboration and describe your project in detail. We reserve the right to contact only selected projects.
If you have sent funds to a contract address, you have lost them. Our platform has never accepted and does not accept this form of payment. If you hover your cursor over the address, you will also see a warning not to do this.
You will need to add SOL network only in case:
The project in which you are investing will mint and distribute tokens on the SOL network
In the case above, to get a Solana address, you need to install the Phantom.app wallet and add a SOL address in the My Account tab on the Synapse platform.
No, tokens must be staked in the staking pool and cannot be used again.
Just enter the commands in the channel and the bot will send you a direct message in the chat.
//faq – Link to faq/guide
//snp – Information about the token
//lp – Liquidity guide
//stake – Description of staking
//over – Explanation of overpayments and refunds
//time – Schedule with rounds
//bridge – Link and description of the bridge operation for the SNP token
//det – How to find vesting and project information
//kyc – Information on the KYC procedure
//allo – Explanation of the average allocation concept
//tab – Excel with project data.
//reg – Channel rules
//bew – Warning against scams
//tier – Tier system explanation
//ret – How to check returns
//val – How to calculate the value of an LP token
//fcfs – Explanation + example how FCFS works
