MTB Token IDO Announcement

3 min readJan 22, 2022

We are happy to announce our next IDO sale; MTB token which is the rewards token of the ETNA Network’s gaming ecosystem.

For more details on the use cases and token economy of MTB, please visit: https://doc.etna.network/assets/mtb-token-p2e-rewards

MTB IDO Information

MTB IDO Sale Starts On: Feb. 1st at 5pm UTC

MTB IDO Sale Ends On: Feb. 8th at 5pm UTC

IDO Sale Price: 1 MTB = 0.0001 BUSD

Soft Cap/ Hard Cap: 250k/500k BUSD

IDO Distribution Information

50% of the IDO allocation is unlocked and will be distributed to participants immediately after the sale.

The remaining 50% is locked and it is distributed as follows: 10% is distributed every 30 days. That is, 10% 30 days after TGE, 10% 60 days after TGE, 10% 90 days after TGE, 10% 120 days after TGE and 10% 150 days after TGE

See complete token economy at: https://doc.etna.network/assets/mtb-token-p2e-rewards

Listing Date, Price and Market Cap At Listing

Listing date: Feb. 8th immediately after sale

Listing Price: 0.00012 BUSD

Market Cap at Listing: $300,000

How To Participate In MTB IDO Sale

There are two ways people can participate in the IDO event, these are:

Membership Participation:

A Member is any user who is actively staking 0xPAD tokens in any of the staking pools or anyone staking BUSD-0xPAD LP or BNB-0xPAD LP tokens in the liquidity mining pools of 0xPad.

There are four membership tiers, each with a maximum allocation a member can purchase if the stake of the member is at least up to the threshold amount. For a member whose stake is less than threshold, the member will be able to purchase an allocation that is proportion to his/her stake as compared with the threshold. Below are details on the different membership tiers:

This means that:

Any member who is staking 25,000 or more 0xPAD tokens in the Bronze, Silver, Gold and Platinum pool will have access to an allocation of 4,000 BUSD, 6,000 BUSD, 8,000 BUSD and 10,000 BUSD respectively.
Any member who is staking less than 25,000 0xPAD tokens in any of the pools will get (Amount staked)/25,000 * Max. allocation of the pool. For example, if a member staked 10,000 0xPAD tokens in bronze, the member will get an allocation of (10,000/25,000)*(4000) = 1,600 BUSD

Guest Participation:

A Guest is any user who is NOT actively staking 0xPAD tokens or LP tokens but holds 0xPAD tokens in his/her wallet.

Maximum allocation a guest can purchase is 2,000 BUSD for a guest who is holding 25,000 or more 0xPAD tokens in his/her wallet.

Again, if a guest holds less than 25,000, such a guest will have an allocation that is proportional to the amount of token he/she is holding.

For example, if a guest holds 10,000 0xPAD tokens, such a user gets (10,000/25,000)*(2000)= 800 BUSD

NOTE: Guests need to whitelist their wallets by following the instructions below

Go to https://app.0xpad.io/ and click on “Join Whitelist” to get your address whitelisted. To get whitelisted, the address must hold 0xPAD tokens at the time of whitelisting.