Flickto IDO Exceeds Initial Expectations

As we move closer to the new year, Flickto has one last gift for its holders, and that is the launch of its Initial DEX Offering (IDO). Flickto had previously announced the details of the IDO wherein it had been revealed that KICK.IO’s launchpad was going to be utilised and that both Flickto and KICK were going to be working together on this. To help make the event successful, KICK had even managed to include KYC policies so that only genuine investors can get involved.

All that the investors would have to do to participate is create an account on KICK.IO, pass the KYC requirements, and then subsequently deposit the ADA in order to buy the FLICK tokens (there is a minimum investment amount requirement of $50 at a price of $0.01).

As such, the IDO is indeed now live and from midday today on the 28th of December 2021, anyone can invest in the IDO via ADA, Cardano’s native token. Although this opening of the IDO to the public is appreciated, we will also be talking about the KICK priority round investors and how they had begun participating in the IDO 24 hours in advance.

IDO opened for priority round investors

December 27th had been the date when the IDO had been made open for the aforementioned priority round investors. The IDO shall continue until the 30th of this month at which point it will end at precisely 12:00 UTC.

With that in mind, a total of $350,000 was set as the goal to be raised, which amounts to 38 million FLICK tokens. Flickto has already reached half of the funding target within two hours of the IDO’s debut. Moreover, within just 7 hours, the team had surpassed their $350,000 fundraising goal, which they have subsequently boosted to $500,000.

Flickto has now sold 83% of this increased target at the time of writing. This sum is rising by the minute, and the team will almost certainly have to raise the target to $750,000. While this is all well and good, the key point that is worth talking about is the fact that all of this had been achieved prior to the IDO being made available to the general public, as during the Priority Round, only those users who had at least 10,000 KICK tokens in a locked pool with KICK were permitted to make purchases.

Flickto continues to impress as 2021 draws to a close

There are only a few days left in this calendar year, but that is not stopping Flickto from continuing to impress. Not only is the media-focused project highly unique and that there is nothing quite like it in the Cardano ecosystem, it has also managed to exceed all initial expectations.

It is worth mentioning that Flickto does have a hard cap of 330,000,000 FLICK tokens (about $2.9 million) in this round, so there is enough allocation to go around. This also highlights the strengths of the project as only the internal targets have been hit thus far with plenty more success expected to come sooner rather than later.

If you missed out on the IDO when it started, don’t worry as the closing date is still a couple of days from now as previously mentioned. The public can still partake in the round which is also turning out to be Flickto’s biggest achievement to date as it continues to shatter its fundraising targets only a day into its 72 hour long IDO.