The Ethereum-based P2P lending platform, TosDis, has recently announced its Initial Dex Offering (IDO) which will be held on January 18, 2021 on the Polkastarter platform.
A self-funded venture for its initial stage, TosDis has had no seed rounds or private sales, making it a unique project insofar as it does not have any large token holders; a rarity for any project running a public offering. TosDis’ intention is to therefore hold a single round offering in order to have a fair public sale for its community.
TosDis and Token Sale Overview
TosDis views itself as “The One Stop Defi Interoperable Solution,” and aligns itself with branding in order to provide a range of beneficial products under one banner. These include Staking-as-a-Service, Liquid Staking, Yield Farming-as-a-Service, Peer to peer lending, a borrowing platform, and an advanced DEX. In turn, it is TosDis’ aim to provide staking and savings solutions to permit users to stake different ERC-20 tokens, and later to expand to tokens from other blockchains, such as Polkadot, BSC, etc; providing cross-chain tokens staking on our decentralized platform.
TosDis will therefore make it possible for any PoW and PoS project to create a staking pool for their tokens, allowing their communities to provide Staking-as-a-service in a decentralized manner.
All of these solutions come under the TosDis protocol Easystake. Easystake will be a decentralized protocol which will provide issuing, staking and savings solutions for services that are based upon smart contracts.
When it comes TosDis’ vision, one of its core objectives is to let users earn rewards from staking without locking their crypto-assets; initially, liquid staking will be available for Ethereum without the restriction to deposit a minimum of 32 Eth. Users will also be allowed to stake a small amount of Eth in a secure and decentralized manner, with no risk of losing due to software failure, malicious third-party attacks, or market volatility.
In terms of what the funds will go towards, raised funds from the public sale will be used to support TosDis’ continuous development, and will fuel the project’s vision to offer Decentralized Finance (DeFi) products for the crypto market industry; whilst also serving the community in a truly decentralized manner.
The TosDis platform is interconnected with DIS token utility, which is integrated into each and every feature of the TosDis ecosystem. There are multiple ways in which users can yield farm their investments, and automatically support the DIS token and TosDis ecosystem as a whole. The DIS token supply is set at 100,000 DIS. DIS will be burned from the business revenue until only 50% of the supply remains.
As for the use case of the DIS token, TosDis have created a token utility model that is deflationary and extremely rewarding for end-users. Detailed token metrics and token utility can be viewed at https://tosdis.finance/#token-economics
IDO Details for TosDis' Deflationary Token
Total supply: 100,000 DIS
Public offering: 35,000 DIS
Polkastarter Allocation: 8750 DIS
TosDis Platform allocation: 26250 DIS
Expected initial Mcap: $1.8–2.1m
Individual max cap: 7 ETH
Tosdis’s IDO sale for the DIS deflationary token will start on January 18, 2021 on Polkastarter. The sale will be split into two parts.
A quarter of the total token allocation will be sold on Polkastarter, and all remaining tokens will be sold on the TosDis platform. The complete sale will require a whitelisting process, and further details about the sale’s process and metrics will be announced in the coming days.
TosDis would like to take the opportunity to inform their community (and others) that they have a tier-2 listing confirmed on a CEX along with the Uniswap listing. They are also in talks with another top tier exchange, however nothing is confirmed for the moment.
Connect with TosDis:
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