Boon’s Ignition Sale: A Step-by-Step Guide

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Welcome to the final installment of our educational series on Boon!

This article provides a detailed step-by-step guide, covering everything from an overview of the Ignition platform to key sale details, benefits for participants, and how to take part in Boon’s upcoming Ignition raise, starting Wednesday 18th September at 2 pm BST.

Table of Contents

Let’s get started.

What is Ignition: An Overview

Ignition is a launch platform designed to help projects raise seed capital quickly and efficiently, providing an essential resource for teams that need funds early in their development. It offers a simple sale process suited for angel and seed rounds, where capital is raised upfront but tokens are distributed later.

As a self-service platform, Ignition allows any team to create a sale for any token available on Kujira, whether native or bridged. Deal makers have full control over sale parameters, including the fixed number of tokens, token price, and sale duration. This flexibility makes it ideal for early-stage projects, DAOs, and protocols looking to engage their community or reward early supporters through structured sales.

Ignition empowers teams to manage their token distribution efficiently, making it a powerful tool for both fundraising and community-building efforts.

Boon: The Transition to Ignition

Boon’s decision to launch its initial sale on Ignition follows the approval of the Rujira merger, which created uncertainty around the original plan to raise on PILOT due to vesting contract issues.

By choosing Ignition, Boon can leverage support from the Kujira and THORChain communities to raise capital ahead of the merger. The funds raised will fuel Boon’s development so that the project can launch on PILOT in a more liquid and vibrant market post-merger.

This strategic decision allows Boon to advance its roadmap, ensuring that by the time the merger is finalized, the Boon app will be ready for release on THORChain. For early backers, Ignition offers the chance to invest in Boon’s growth, making it a win-win for both the project and its supporters.

Boon’s Ignition Sale: The Key Details

Boon’s Ignition sale will take place from 1400 BST / 1500 CET on Wednesday, September 18, 2024, to 1400 BST / 1500 CET on Friday, September 20, 2024.

The sale aims to raise $80,000 by offering 5 million $BOON tokens at a price of $0.016, which accounts for 5% of the total token supply, valuing Boon at $1.6 million in fully diluted market capitalization. There is no whitelist, and participants can buy up to $10,000 worth of tokens, which will be vested for six months.

Early participants will gain exclusive benefits, including early access to the $BOON token, participation in the Boon app’s testing phase, and an exclusive Nitro XP multiplier in-app. The funds raised will be allocated to rebuilding the app for deployment on THORChain and covering operational costs until the post-merger phase.

An Important Note

In case the Rujira merger isn’t completed within this period, the tokens may be frozen until the merger is finalized.

Participating in the Ignition Sale: A Guided Walkthrough

Participating in Boon’s Ignition sale is straightforward and can be done through the provided access link. Detailed instructions on how to participate are available, along with other guidance materials.

Importantly, Ignition operates on a first-come, first-served basis, so it’s crucial to act quickly. Once the target amount is reached, the sale will close, and no further participation will be allowed. In the lead-up to the sale, Boon will also release a series of articles, video tutorials, and threads that offer a deeper understanding of Ignition and Boon’s sale process.

Stay tuned for further information via Boon’s X account, where the team will be sharing live updates and additional tutorials on how to engage in the sale.

Closing Thoughts

Boon’s Ignition sale marks an exciting step in the project’s journey, offering early supporters the opportunity to get involved before the Rujira merger.

With the backing of the Kujira and THORChain communities, Boon is well-positioned for success, and its Ignition sale represents the first step in realizing its full potential. Early participants not only gain access to $BOON tokens and app testing but also help fuel Boon’s development ahead of the Rujira merger.

Be sure to act fast though, as this limited-time sale will close once the target is reached. Don’t miss out on your chance to support Boon’s growth and become part of its exciting future!

Disclaimer

This article is intended to provide insight and educational resources, and should not direct your investment decisions. It is always encouraged to DYOR and come to your own conclusions.

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Written by KidKuji

Kujira Academy

Bridging the gap between universities and blockchain technology. Built by students, for students.

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