# IDO

#### All You Need to Know about the xHashtag IDO on SolRazr

* Token: **XTAG**
* Accepted: **USDC (SPL Token)**
* IDO Token Price: **$0.25**
* Total IDO Pool size: **$250,000**
* SolRazr Community Pool Size: **$200,000**(Requires $SOLR to be staked)
  * Allocation Amount: **$200**
  * This is only open for those who have staked $SOLR. [Stake NOW!](https://www.solrazr.com/staking)
* Open Community Pool Size: **$50,000**
* Allocation Amount: **$50**
* Requires **3 SOLR** (\~$10) to be held from whitelist opening until the end of IDO.

#### Things to Keep in Mind:

* Blockchain: **Solana**
* Launchpad:[ **SolRazr**](https://www.solrazr.com)
* Platform: **Desktop and Mobile**
* Supported Wallets: **Solflare and Phantom Wallet**
* Is KYC required for participation in IDO? **Yes**
* IDO vesting terms:
  * 30% unlocked on TGE
  * 30% unlocked each month over the next two months
  * 10% on the 4th month

#### Key Dates for the xHashtag IDO on SolRazr:

* Application for whitelist registration for the IDO opens on **November 10th at 2 PM UTC**
* Whitelist registration closes on **November 14th at 2 PM UTC**
* Lottery Winners are announced and KYC opens on **November 17th at 2 PM UTC**
* KYC closes on **November 21st at 2 PM UTC**
* Final winners (KYC verified) are announced on **November 22nd at 2 PM UTC**
* Whitelist Winners announcement on **November 26th at 2 PM UTC** 
* IDO opens on **November 26th at 2 PM UTC**
* IDO closes on **November 27th at 2 PM UTC**
* Token Distribution: **December 30th at 2 PM UTC**

**For further details, click** [**here**](https://medium.com/@SolRazr_App/xhashtag-ido-participation-status-and-kyc-guide-7ab3f71fe383)**.**