Hello Sphere Community,
As you will be aware, we have expanded our Due Diligence team and we are really excited to announce that Propchain is the first swap we are hosting to have gone through our enhanced project research process.
A game-changer in real estate investing
Investing in real estate has been one of the oldest and most trusted forms of wealth creation and perseverance, yet it is still impossible for most to create their legacies by real estate investing, until now, where Propchain steps in.
Propchain is an organization that specializes in the tokenization of real estate assets and enables users to invest in fractionalized real estate strategies and assets.
The above is only a quick insight, we strongly recommend you read the full Propchain Launch article here.
- Name: Propchain
- Purchase with: USDT
- Symbol: PROPC
- Token IDO price: $0.35
- Token listing price: $0.5
- Token Lockup:
50% unlocked at TGE
50% unlocked in month two
- Swap Ratio: 1 USDT = 2.857 PROPC
- Minimum Raise: 15,000 USDT
- Maximum Raise: 25,000 USDT
- Reach Goal: 50,000 USDT (unlocked automatically when maximum raise reached)
- Swap Start:
Phase 1 start : May 15th 15:00 UTC
Phase 2 start: May 16th 3:00 UTC
- Swap End:
May 16th 15:00 UTC (Total 24 hours IDO)
- Max Supply of PROPC (to be sold on Sphere): 142,850
- Allocation per whitelist place:
Phase I — Min allocation: 75 USDT; max allocation: 98.81 USDT (Guaranteed single swap — Whitelist)
Phase II — Min allocation: 75 USDT; max allocation: 2,000 USDT (FCFS single swap — Whitelist)
Propchain Swap Guide
Please follow the following steps at 3pm UTC on May 15th, if you do them before it will show you as not whitelisted as the IDO is not live until the start time.
- Winners will first come to https://www.spheresxs.com/swaps
- Select the Propchain.
- Connect your wallet.
- Once the Swap has commenced, enter your desired USDT (allocation levels for phase I and II above).
- That’s it!
Although we recommend taking part in an IDO via a desktop or laptop, all IDOs on Sphere are fully mobile compatible and this is one is no different.
Both MetaMask and Trust Wallet have a Browser access function, this can be done via clicking on the Browser button, which can be found in the bar at the bottom on both apps.
Our site is setup to ensure this work and you simply enter the swap URL: https://www.spheresxs.com/swaps You then follow the steps as per the Swap Guide above.
If you are unsure of how to do any of the above, there are many useful videos that can be found on Youtube that give clear step by step guides.
Additional important points to note:
- The Sphere refund policy will be in place for this IDO. Details on the policy can be found here
- Sphere holds all raised funds until after completion of the refund period, so your funds are 100% secure during this period
PROPC token claim at Propchain launch
- Claiming will be live on May 18th at 12pm UTC
- The claim for all IDO participants will take place on the Propchain portal
- There is a chance that the Propchain team will airdrop you your allocation, if this happens it will be at point of listing. However we are getting confirmation from Propchain on this and will let you know when we do
- Details, including the link to the portal and the process when you get there, will be shared with our community in our official Telegram Channel as soon as we have this from Propchain
Why is the raise on BSC?
- The PROPC token is a ERC-20 token. However, after listening to our community about gas fee concerns, the decision was made, with Propchain, to do the raise on BSC. This will save participants the currently high Eth gas fees
- The claim will be via an airdrop on the Propchain site. A link to this will be shared when we have it. Again this is to reduce the exposure to gas fees for participants
- You will not need to change your wallet address as the MetaMask or Trust Wallet address you submitted during KYC will be compatible.
Propchain have kindly offered to do a special $5,000 airdrop competition, in their native token, for IDO participants in our community. Winners will be randomly picked and notified by email on May 17th. The airdrop will be broken down into the following prizes:
- 2 x $1,000 winners
- 2 x $500 winners
- 5 x $200 winners
- 10 x $100 winners
Continuing the Dialogue
If you have any specific questions regarding Propchain, their launch, roadmap, etc. Their official links are below:
If there is anything else you’d like to know, please engage in our various channels:
We take the protection of our community very seriously. It is with that in mind that we have put in place a refund policy that covers all IDOs that we do. Please ensure you read our refund policy here before taking part in the IDO.
IDO — the risks
Any investment has risk and an IDO is no different. It is important to us that you understand the risks associated with taking part in an IDO. Please read the article we have put together here, before taking part in the IDO. The article looks at some of the risks and why it is so important you do your own research and due diligence.
Beware of Telegram, Online and Twitter groups trying to impersonate Sphere. Always ensure you are on our official channel or groups.