A launchpad for Cardano projects that runs IDOs on Ethereum and Binance Smart Chain.
OccamRazer decentralized funding platform, i.e. Launchpad, where user can invest in early stage Cardano projects through IDOs. The platform states that before being accepted these projects go through a “robust Due Diligence process”. To access a majority of the IDOs on the OccamRazer launchpad users have to stake the platform's tokens, OCC. Completing KYC is also a mandatory requirement for the majority of IDOs on the platform.
Currently all IDOs happening through the OccamRazer launchpad are either on Ethereum or Binance Smart Chain, none are yet to happen on Cardano.
Private and Public IDOs
A project can choose to conduct a private or a public IDO via the OccamRazer platform. Public IDOs do not require KYC and nor do they require participants to stake OCC tokens. Access to private IDOs requires KYC and are conducted using the staking system described in brief below.
The OCC token is required to participate in the private IDOs offered through the OccamRazer Launchpad. There are 5 tiers for investors on the launchpad, each needing a progressively higher amount of staked OCC. The higher the tier an investor is in, i.e. the more OCC they stake, the higher the probability that they’ll gain access to the IDO (with the top two tiers being guaranteed access) and the more tokens they will be allowed to purchase.
Continuous Ecosystem Diversification ,CED, Rewards
CED rewards are tokens from an IDO that are distributed, pro-rata, to stakers of OCC that meet the criteria below.
Those users that stake between 150 and 4000 OCC for a required time period, 7 days at the time of writing, before an IDO begins will receive CED reward. Qualifying stakers receive CED rewards regardless of whether they accessed the IDO or not.
Occam.fi purchases tokens from the IDO on the OccamRazer platform to distribute as CED rewards to the qualifying stakers, and the project can choose to add more tokens to this fund if they wish. CED rewards are locked for a two week period after the conclusion of the projects IDO.
A Cast-out Fee
Those that unstake their OCC tokens from the platform pay a ‘cast out fee’ that is then redistributed, pro-rata, to the remaining stakers. The cast-out fee is a percentage and can be adjusted through governance voting.