Participation Guide

Participation Checklist

We’re excited to have you participate in Build Acala: Ready the Treasury! We’ve prepared this checklist to help you have a smooth purchase process.

Please complete the items listed below before event day!

  • I know which token I’m going to pay with. The ONLY accepted payment tokens are DOT, ETH, USDC (ERC-20) and USDT (ERC-20).

  • I have the token that I’m going to use for payment.

  • I have read and understand the table below.

  • I know that I will not be reimbursed for any payment above my individual cap.

  • For the smoothest experience, I understand I should only open 1 window on 1 device and make 1 payment.

  • Users paying with a wallet: I have my wallet set up.

  • Users paying with MetaMask: I’ve logged into the event platform and connected my MetaMask wallet. You can learn how to connect to the event platform here.

Payment Method

DOT

ETH or USDC (ERC-20) or USDT (ERC-20)

Can I pay from an exchange?

Yes

No

Which wallets can I use to pay?

Any wallet that supports Polkadot payments

MetaMask ONLY

Event - Round #1: ‘Old Friends’

Round #1 Event Details

  • ACA Token Price: 0.055 DOT 0.032 DOT (read why price is denominated in DOT here)

  • Payment Currency Accepted: DOT, ETH, USDC (ERC20), USDT (ERC20)

  • Individual Purchase Caps: minimum 20 DOT, maximum 40 DOT

  • ACA Lockup: no lockup, vest over 3 month upon mainnet launch

  • KAR Gift Lockup: 12 month lockup, then vest over 12 month

  • Token Distribution: ACA & KAR will be distributed after Acala’s mainet launch (when transfers are enabled)

Round #1 Event Day

Round #1 will open from 1pm UTC on Monday, 30th August to 1pm UTC 1st September.

You should stick to one device, open one browser window, and make one payment to complete the process. Any variation may cause error or violate terms and void eligibility.

Only qualified users can get into the round. Allocation is guaranteed, so there is NO need to rush at the same time as it opens. You can complete the payment process anytime during the 2-day event period.

It's recommended that you use desktop to participate, as switching between devices may cause errors.

Round #1 Payment

Accepted payment tokens are: DOT, ETH, USDT (ERC20), USDC (ERC20)

Once you are let into the event, you have 30 minutes to make the payment before your session expires. So do follow the prompts and complete the process as soon as you can.

DOT Payment

You can send payments from exchanges (that supports Polkadot mainnet DOT), Polkadot{js} extension wallet, Polkawallet, and other wallets that support DOT. All prices are denominated in DOT. Do NOT send a payment that is less than the minimum required amount or more than your individual cap, as refunds may not be available, and it will be contributed to the Acala Treasury

ETH/USDC/USDT Payment

ETH, USDC (ERC20) and USDT (ERC20) are also accepted for payment. However only payments via Metamask extension is supported on the event platform. You will need to download the Metamask extension and fund the account to be used prior to the event.

Your Ethereum Metamask address will be associated to your event registration account. One Ethereum Metamask address can only be associated with one event account, otherwise an error will occur during payment and you'd not be able to pay. So please make sure your Ethereum Metamask address has not been used by other accounts or by the same account in previous Tokensoft events.

Please strictly follow the prompts in the system to complete your contribution. The DOT/USD exchange rate is set on the day, displayed on screen and remains unchanged for 24 hours. Based on DOT/USD price, there will also an ACA/USD price set and displayed. The price on the screen is indicative only. The actual ETH/USD rate is determined at the time of payment. Again, Do NOT send a payment that is less than the minimum required amount or more than your individual cap, as refunds will not be available, and it will be contributed to the Acala Treasury.

Event - Round #2 Open Community

Round #2 Event Details

  • ACA Token Price: 0.0605 DOT 0.035 DOT (read why price is denominated in DOT here)

  • Payment Currency Accepted: DOT, ETH, USDC (ERC20), USDT (ERC20)

  • Individual Purchase Caps: minimum 50 DOT, maximum 80 DOT

  • ACA Lockup: no lockup, vest over 3 month

  • KAR Lockup: 12 month lockup, then vest over 12 month

  • Token Distribution: ACA & KAR will be distributed after Acala’s mainet launch (when transfers are enabled)

Round #2 Event Day

Round #2 will open at 1pm UTC on Thursday, 2nd September. The event will end once all available tokens for the event are sold.

You should stick to one device, open one browser window, and make one payment to complete the process. Any variation may cause error or violate terms and void eligibility.

The Queue system will be open prior to the event start time. As long as you join the queue prior to the start of the event regardless if it’s 10 minute or 1 hour prior, you will enjoy an equal chance to get into the event. Those who joined the queue after the event starts at 1pm UTC will join at the back of the line and will be first come first served. As soon as all available tokens for the event are allocated, the event will conclude.

Only registered user can get into a queue. One registrant one session, do NOT attempt to run multiple sessions, as you may incur errors or be unable to proceed.

It's recommended that you use desktop to participate, as switching between devices may cause errors.

Round #2 Payment

Accepted payment tokens are: DOT, ETH, USDT (ERC20), USDC (ERC20)

Once you are let into the event, you have 30 minutes to make the payment before your session expires. So do follow the prompts and complete the process as soon as you can.

DOT Payment

You can send payments from exchanges (that supports Polkadot mainnet DOT), Polkadot{js} extension wallet, Polkawallet, and other wallets that support DOT. All prices are denominated in DOT. Do NOT send a payment that is less than the minimum required amount or more than your individual cap, as refunds may not be available, and it will be contributed to the Acala Treasury

ETH/USDC/USDT Payment

ETH, USDC (ERC20) and USDT (ERC20) are also accepted for payment. However only payments via Metamask extension is supported on the event platform. You will need to download the Metamask extension and fund the account to be used prior to the event.

Your Ethereum Metamask address will be associated to your event registration account. One Ethereum Metamask address can only be associated with one event account, otherwise an error will occur during payment and you'd not be able to pay. So please make sure your Ethereum Metamask address has not been used by other accounts or by the same account in previous Tokensoft events.

Please strictly follow the prompts in the system to complete your contribution. The DOT/USD exchange rate is set on the day, displayed on screen and remains unchanged for 24 hours. Based on DOT/USD price, there will also an ACA/USD price set and displayed. The price on the screen is indicative only. The actual ETH/USD rate is determined at the time of payment. Again, Do NOT send a payment that is less than the minimum required amount or more than your individual cap, as refunds will not be available, and it will be contributed to the Acala Treasury.

Participation Guides

Pre-Event & Registration (REGISTRATION NOW CLOSED)

Registration Basics

If you are registered, you can log in on the event website.

If you have already registered in the previous Build Acala event from April 2021, you do NOT need to register again. However, registered users from the past Build Acala event that are not verified (passed KYC), will have to submit all their verification (KYC) information by August 24th.

⭐️Important: Registration is first come, first served. However, registration is complete once you register your email. You do not need to complete KYC to be considered “registered.”

⭐️Once registered, there will be a queue to get into the platform to complete verification (KYC). You can either wait or come back before August 24th to complete your KYC submission. All submissions before August 24th are guaranteed to be processed.

🚨 Identity Verification Process - Warnings and Important Steps

Information Required for Verification

You will be asked to provide the following information during the Verification Process

  • A DOT public address to receive ACA & KAR (read our warnings here)

  • A proof of address - Utility or bank statement issued within the last 3 months

  • A valid Government ID

  • If you intend to participate in the ‘Old Friends’ round, you also need to submit

    • “Acala Old Friend NFT” account

    • a signature proof of account ownership

These are the key steps to complete the identity verification process:

1. Identity Verification

Once you submit your identity verification page, you cannot go back to make edits. Make sure names, birthdate, address and all other key information matches exactly with the government ID you will be submitting. If you make a mistake in this step, you will not be able to participate in this event.

2. Onfido ID Check

Before you submit your government ID, please check the supported documents that are valid in your country: https://onfido.com/supported-documents/. Please only use the form of identification accepted in your country, or you will not be permitted to participate in this event.

Only photos of documents are accepted. Please take this photo on a flat surface. A computer screen cannot be present in the background of your photo.

Scanned images are NOT accepted.

Note: due to the sheer volume of anticipated participants, we were advised by the event platform operator that once your documentation review is in process, you will not get a chance to resubmit, so please make sure you understand the verification criteria, and submit the correct information.

For everyone who’s registered, submission of verification information closes on 24th August, so once you are in the verification process, there is plenty of time to review submission criteria and make a submission.

Information Required for Round 1: ‘Old Friends’

A list of prioritized registrants will be allowed to contribute up to their individual caps. Allocation is guaranteed for participants who meet the criteria. Participants are marked based upon the following criteria:

  • Verified user AND

  • Acala Old Friend NFT holder OR

  • Verified (passed KYC) during the initial Build Acala event in April 2021, and was unable to participate

Note: Those who were able to participate (buy tokens) in the initial Build Acala event in April 2021 are not eligible for this round, but may be eligible for Round 2.

During the registration, you will be asked to provide the following information:

  1. the account that owns an Acala Old Friend NFT

  2. use the same account to sign the required message (this message will be provided on the event screen) to prove ownership of the account, and provide the signature hash

Check & Prove Ownership of the Old Friend NFT

  1. Check for the Acala Old Friend NFT

Go to the Acala Mandala TC6 testnet App, navigate to the ‘Wallet’ page, and click on the ‘Collectibles’ tab. If you see an ‘Acala Old Friend’ NFT as per screenshot below, then you are a proud owner of ‘Acala Old Friend’.

2. Copy the account that owns the Old Friend NFT account

In the ‘Wallet’ page, click on ‘Acala’, click on ‘Copy’ to obtain the account. It is a Substrate address format starting with 5.

3. Paste this account into the event registration form field.

4. Write down the required message that needs to be signed from the event registration form.

5. Go to the Polkadot Web App (It can be Mandala, Karura, Polkadot or Kusama)

6. Navigate to Developer -> Sign and Verify

7. Select the same account that owns the ‘Acala Old Friend’ NFT, you MUST put in the required message you noted down from the event registration form in ‘sign the following data’

8. Sign message, copy and paste the signature of supplied data to the event registration form field.