MERAKI | Launching on Gravity

We are excited to announce that on the 12th November, the Meraki IDO will be hosted on the Gravity Finance Launchpad!

Meraki is the first Generative Art Platform on the Polygon blockchain.

Introducing Meraki

The Meraki platform aims to enable artists and users, with varying degrees of skill, to be able to offer their work for sale, and easily collect work respectively across the platform.

With generative art on the precipice, ready to explode into the mainstream, there is an unfulfilled need for a platform that could not only save it’s potential users and collectors from extreme gas costs, but also provide artists a way to utilise all the benefits of provable randomness that can add a never before seen level to their work.

This article covers all aspects of the IDO being hosted by Gravity Finance on the 12th November as well as a brief explanation of the Meraki platform and the tokens that are being offered in the IDO. You will find relevant links at the bottom of this article.

IDO Details:

Token Type: ERC-721

Total tokens on offer: 10,000

Fixed Price: 150 USDC

Total Raise: 1,500,000 USDC

IDO Type: FCFS (First Come First Served)

IDO Date: 12th November 2021

IDO Main Round Start: 3:30 am UTC

IDO Early Access Start: 3:00 am UTC
(Click here for major time zones)

(Eligibility and Limitations apply during 3 Early Access Rounds, info below)

IDO End: IDO will remain open until supply distributed

IDO Process and Eligibility

This IDO will consist of 4 Rounds.

The Main Round will start at 3:30 am UTC and is open to everyone without limitation.

3 Early Access Rounds starting at 3:00 am UTC.

Early Access Rounds

There are 3 Early Access Rounds available to GFI Tier Holders only.

Each round will last for 10 minutes starting at 3:00 am UTC.

During each 10 minute round, the following benefits apply:

  • Tier 3: 10 Token maximum allocation
  • Tier 2: 5 Token maximum allocation
  • Tier 1: 1 Token maximum allocation

Allocations from each early access round carries over to the next round for late starters, i.e. T3 can purchase a total 30 throughout the 3 Rounds, T2 can purchase a total 15 and T1 can purchase a total 3.

Eligibility for the 3 Tiers require users to hold the following amounts of GFI:

  • Tier 1: 50,000 GFI
  • Tier 2: 250,000 GFI
  • Tier 3: 500,000 GFI

User’s must hold appropriate GFI in one of the following Vaults and a snapshot will be taken on the 10th November at 10pm PST.

GFI (SAS), GFI-USDC, GFI-WETH, GFI-WMATIC, GFI-WBTC

Main Round

When Round 4 begins, all previous restrictions are removed and users can purchase any amount they like from the remaining supply, users are limited to purchasing 10 NFT’s per transaction.

About Meraki Token

The Meraki Token is an NFT (ERC-721) that gives the token owner a share of the Meraki Platform earnings.

It is estimated that over $1,000,000,000 (1 Billion USD) was spent in the last 12 months on Generative Art just on the Ethereum blockchain alone.

Current statistics estimate that there are around 500,000 user wallets connected to OpenSea, arguably one of the largest NFT platforms around. With companies such as Coinbase and other well known brands entering the NFT-Space soon, and using the Polygon blockchain, these numbers are expected to swell exponentially (Coinbase currently serves around 68 million users globally).

By owning and holding Meraki Token(s) you can benefit from the earnings generated by Meraki primary and secondary market sales.

Project Links

Terms

The above content is for informational purposes and does not constitute investment or financial advice. There are risks associated with buying cryptocurrencies and individuals should always consider their own personal financial situation before taking part in any sale. It is your responsibility to ensure you understand the risks involved and by agreeing to these terms you agree that neither Gravity Finance nor the project are liable for any loss or damaged.

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