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description: Welcome to Infinity! We are happy to announce more details about the IDO!
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# IDO

## **IDO event**

We are planning to hold an IDO, in order to raise a total amount of $500,000 USDT, at the price of $5 USDT per **IND**.

## How will our IDO be conducted?

1000 whitelist spots would be distributed to Genesis Chain (GC) and discord community members. Whitelisted participants are given access to the IDO for a period of 24 hours.&#x20;

Each of them can purchase an EXACT amount of $ 500 USDT worth of **IND**. Participants in the IDO will receive **alphaIND** tokens and they can swap their tokens for **IND** at a ratio of 1:1 after the token is listed. The date of IDO and token listing is to be announced later.

## Where will go the raised funds?

The team plans to allocate the funds raised (USDT) during the IDO event as follows:&#x20;

* $200,000 USDT (40%) to create the liquidity pool at a rate of 1 **IND** = $8 USDT. The LP tokens will be locked in the treasury.&#x20;
* $200,000 USDT (40%) for the treasury, securing the intrinsic value of **IND**.&#x20;
* $100,000 USDT (20%) for the project team, to ensure robust and continued development, marketing, etc of the project.

## Whitelist

Every Genesis Chain (GC) is allocated with 9 whitelist spots and 3 of them will be locked for 1 month. Discord members can participate in the community challenge and giveaways to win the whitelist spots. Whitelisted users would be given the role of “Glory - WL” on Discord.

Tokenomics&#x20;

100,000 **IND** (at $5 USDT per **IND**) is allocated for the IDO.

## Initial treasury

Infinity’s initial treasury will hold $200,000 USDT tokens. This portion of the treasury will be used to create a stable foundation. It will also include $400,000 USDT worth of IND/USDT LP tokens. This brings the total value of Infinity’s initial treasury holdings to $600,000.

125,000 **IND** tokens will be minted initially:

* 100,000 **IND** tokens (at the price of $5 USDT) of which will be issued to IDO users.&#x20;
* 25,000 **IND** tokens (at the price of $8 USDT) will be added to the liquidity pool, which is worth $200,000 USDT.&#x20;

It means **IND** will be backed by $4.8 USDT of value at launching. (As a reminder, the IDO price will be $5 USDT per **IND**).

## **Tokens owned by the team**

We choose not to allocate any **IND** tokens to the team.

## **Contract addresses**

#### USDT:

#### **alphaIND:**

#### INDPreSale:

