Introducing the “Private Sale Pass” for Tier-2 and Tier-3 holders.
We’re thrilled to announce an exciting development in our Private Sale structure. Originally reserved for our Tier 1 investors, we’re now extending this privileged access to Tier 2 and Tier 3 investors through our unique “Private Sale Pass.”
What is Private Sale Pass?
For Tier 2 Investors:
Holders of a Private Sale Pass enables access to KWAI Lab’s Private Sale that were previously exclusive to Tier 1 investors. Allocations will be in accordance to your holdings staked.
For Tier 3 Investors:
Holders of a Private Sale pass qualifies for a raffle spot on the KWAI Labs Private Sale whitelist.
How to obtain a Private Sale Pass?
The “Private Sale Pass” can be obtained simply by staking the following for 365 days:
- 8,000–20,000 KWAI (as per Tier- 2 requirements), OR
- Mininum 600 KWAI (as per Tier -3 requirements)
Staking will still provide a 10% APY.
For existing Tier holders, there is no need to acquire new KWAI for this step.
During this period, there shall be no unstake option available apart from an immediate withdraw option which will incur a 50% penalty on the total amount of tokens staked.
The “Private Sale Pass” will only be valid for 365 days. In addition to the usual eligibilities of each tiers, holders of the pass will also be eligible to participate in Private Sales held via Oxbull.
The pass will expire after 365 days. Investors can either choose to renew the “Private Sale Pass” or unstake. Unstaking will carry the usual 15 days waiting period.
Tier benefits and differences at a glance
For KWAI Labs Tier 2 and Tier 3 NFT Holders:
The “Private Sale Pass” can also be obtained by depositing the NFT which will then be LOCKED for 365 days. During this period, there shall be no unstake option available apart from an immediate withdraw option which will incur a 50% penalty of the specific tier required token qualifying size which are:
- 10,000 KWAI (50% of 20,000 KWAI) for Tier 2 NFT Holders
- 300 KWAI (50% of 600 KWAI) for Tier 3 NFT Holders.
The “Private Sale Pass” will only be valid for 365 days. In addition to the usual eligibilities of each tiers, holders of the pass will also be eligible to participate in Private Sales held via KWAI Labs.
The pass will expire after 365 days. Investors can either choose to renew the “Private Sale Pass” or unstake. Unstaking will carry the usual 15 days waiting period.
Special Note for Tier 3 Investors:
For our Tier 3 investors, it is key to understand the specific process associated with the Private Sale Pass. Obtaining a Tier 3 Private Sale Pass and completing all SPRINT QUESTS grants you entry into a raffle for a spot on the KWAI Labs Private Sale whitelist ONLY and DOES NOT guarantee a whitelist spot.
- Winner Announcement: The winners of the raffle will be announced 30 minutes prior to the start of the Private Sale on KWAI Labs Official TG Announcement Channel.
- First-Come, First-Served (FCFS) Basis: Once winners are announced, participation in the Private Sale is on a first-come, first-served basis, so prompt action is essential.
Obtaining a Private Sale Pass
For existing KWAI Labs Tier — 2 and Tier — 3 investors, you do not need to unstake. Simply get the Private Sale Pass by clicking ‘Get Tier 2/ 3 Private Sale Pass Now’ on https://kwailabs.com/app/stake.
After confirming transaction, the Private Sale Pass will be activated.
For existing KWAI Labs Tier — 2 and Tier — 3 NFT holders, get the Private Sale Pass by clicking ‘Deposit NFT & Activate’ on https://kwailabs.com/app/stake.
After confirming transaction, the Private Sale Pass will be activated.
For new investors, the Private Sale Pass can be obtained via:
- Go to https://kwailabs.com/app/stake to buy and stake KWAI.
2. Click ‘Confirm’ and approve the necessary transaction.
3. After confirming transaction, the Private Sale Pass will be activated.
IMPORTANT NOTES: Qualification of all Tiers will require STAKING or qualification via NFT. In the event where an Investor who has not Stakd but has the required number of holdings SHALL NOT be eligible for the aforementioned tiers.
Staked holdings are required to be maintained until project listing. Any dips below the required holding amount will DISQUALIFY the investor for the project being launched at the time even if the investor has already contributed. No IDO Tokens will be provided and No Refunds will be made.
Each qualified address will only be eligible for ONE transaction. Meaning if an address is qualified for tier 1, they will not be qualified for tier 2.
Disclaimer
Our content is intended to be used as information and education purposes only. It is very essential to do your own research and analysis before doing any investment decision or otherwise. Do Your Own Research.
Information is accurate at time of writing and can be subject to change.
KWAI Labs shall not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damages and/or expenses and/or any losses you may suffer arising out of such information or any reliance you may place upon such information.
Any further arrangements between you and any third parties contacted via the Website/Affiliated links are at your sole risk.
