Oct 28, 2022
How to Participate in the $UNET Initial Dex Offering on Skyward Finance
A step-by-step guide to how you can participate in the UniqueOne.Network Initial Dex Offering (IDO).
$UNET is an Appchain token in the NEAR ecosystem. To hold $UNET, you need to have a NEAR wallet. You can create a NEAR wallet by the following tutorial and creating your NEAR wallet. If you already have a NEAR wallet, you can participate in the initial dex offering (IDO) if you have the funds.
Bridge Your Funds From ETH to NEAR
Do you want to participate in the IDO, but you don’t have any funds on NEAR? Now, you can bridge funds from ETH ↔ NEAR using NEAR Protocol’s native Rainbow Bridge.
The Rainbow Bridge allows you to transfer your tokens into the NEAR ecosystem using a smart contract. The smart contract doesn’t physically transfer tokens between networks because that is impossible. Instead, it locks tokens on Ethereum and mints them on NEAR Protocol (or vice-versa if you want to go from NEAR to Ethereum).
After you have bridged your funds to NEAR from Ethereum, you can check your balance in the NEAR wallet.
The NEAR Protocol already provides resources for you to use the Rainbow Bridge:
- You can check out an in-depth video walk-through on how to bridge your funds from Ethereum to NEAR here.
- You can learn more about how Rainbow Bridge works here.
Purchase NEAR from Exchanges
NEAR is available in most of the popular exchanges. You can purchase your NEAR in advance and move them over to your NEAR wallet prior to the deposit period.
Here is a list of a few popular exchanges where you can procure your NEAR tokens.
Participating in the Initial Dex Offering
First, you will have to open the UniqueOne.Network page on Skyward Finance. Sign in using your NEAR wallet to connect it to Skyward Finance.
After signing in, a deposit section will open up. You can deposit your $NEAR here. Depositing will give you a claim to $UNET at the end of the sale.
The price will readjust (mostly become higher) as the sale continues, and you will receive the equivalent price of $UNET in exchange for the number of $NEAR at the end of the sale.
After clicking the “Deposit NEAR” button:
- Put the number of $NEAR you would like to deposit.
- Confirm your deposit by clicking the Deposit button.
You can claim your $UNET at the end of the deposit period.
After the IDO ends, you can exchange your $UNET with other NEAR ecosystem tokens in Ref Finance. The project team has partnered with Ref Finance to be one of the decentralized exchanges (DEX) to accept $UNET right after the IDO ends.
$UNET will be whitelisted and will be part of Ref Finance’s token list. Ref Finance will provide farming and liquidity providers (LP) for NEAR tokens.
Deposits start on the 30th of October 2022. Get your $UNET tokens on our IDO page here.
