HeadStarter | The Launchpad of the Hedera Hashgraph ecosystem

Frequently asked questions

General

✅ What network is HeadStarter built on?

HeadStarter is built on Hedera Hashgraph technology.

✅ Where can we find details on tokenomics?

✅ What is the Utility of HeadStarter NFTs?

All info can be found here

✅ Which wallets are supported when interacting with the HeadStarter dApp?

You currently need a Hashpack wallet in order to join IDOs. Make sure to use a Hashpack associated account ID when applying for an IDO. Please note that Hedera Accounts paired with a Ledger device cannot be used for participating, as Ledger does not currently support HTS tokens. The team is working on integrating additional wallets.

✅ How can I keep up to date with all the HeadStarter news?

Follow us on Twitter or watch out for announcements in our Discord and Telegram. You can also subscribe to our newsletter through our official website.

✅ How can I get in contact with the team about a project I'm building?

Through the IDO Application Form on the headstarter.org website. Otherwise, for general queries you can always contact us on our Social Media channels.

✅ What type of projects can participate and which do you prefer?

We don't have a preference, but we do believe that it is important for a project to add value to the Hedera Hashgraph ecosystem by having a strong and unique proposition. All use cases are welcome: DeFi, NFTs, GameFi, Metaverse, etc.

✅ Will you support NFT fundraisers?

We have extended our range of services available through the HeadStarter dApp to support NFT releases through HSCS (Hedera Smart Contract Service)

✅ Where can I find projects being launched on HeadStarter?

The entire summary regarding the projects and their status will be presented on our website, in the dApp and across our official social media channels.

✅ How confident can I be when participating in an IDO?

Our smart contracts have passed a Hacken audit with a score of 10/10.

https://hacken.io/audits/#headstarter

HST

✅ Do you have your own token?

Yes, the utility token fueling our ecosystem is the HeadStarter Token (HST).

✅ Should I associate the HST token address: 0.0.968069?

You can choose to do it manually, but it is not necessary. The smart contracts developed by the HeadStarter team incorporate the token associate transaction with the IDO token swap process. It removes the need for this manual step. One thing less to worry about.

✅ What is the utility of the HST token?

The HST utility token plays a critical role by being the token for Lock-up Reward Incentives, IDO participation and governance. These features are essential in providing long-term utility and benefits to our community members, as token holders that share the vision of both HeadStarter and the projects that launch on our platform, create an altogether sustainable ecosystem.

✅ Can we lock up HST for Reward Incentives on your platform and how will it work?

Yes, this function for HST tokens will be available in the future and will offer participants rewards and other incentives.

✅ Will HeadStarter be Burning tokens?

The redistribution of tokens to nurture ecosystem token circularity is favored to the burning of tokens.

IDO

✅ What is an IDO?

An IDO is a regulated crypto token public offering run on a decentralized exchange (DEX).

✅ What is the difference between an IDO (Initial Decentralized Offering) and an ICO (Initial Coin Offering)?

Unlike ICOs where the tokens are sold prior to listing, with IDOs, they are listed immediately on a decentralized exchange under a transparent emissions schedule.

✅ Why participate in an IDO as a backer?

Backers of a new project may access the new utility token of the project during their public IDO before the token becomes publicly traded.

✅ Who can participate in IDOs?

Everybody on the allowlist can participate in the IDO at the scheduled times. Allowlisted users need to pass the eligibility criteria, selection process and the KYC check. Read more here

✅ How can one participate in new HeadStarter IDOs?

Once you have been allowlisted, prepare your Hashpack wallet, secure the desired amount of HBAR/HST for swapping and join the sale at the scheduled time.

✅ Why do HeadStarter IDO rounds have a "Maximum allocation"?

HeadStarter’s overarching purpose is to connect new early stage Hedera projects with the community. Therefore we encourage a wider token distribution amongst holders, mitigating the lopsided control of tokens. Our upcoming tier system may see a small deviation from the norm, based on the amount of HST tokens held/locked-up.

✅ What is the typical lifecycle of a HeadStarter IDO?

IDOs on HeadStarter all have a similar flow process. First, upcoming projects appear on our dApp dashboard as “Under Preparation”. As soon as the Allowlist is open, users can interact with the projects page and find more information regarding the IDO Public round, like the Application period, when and for how long the IDO is Live, and the Claim Token period. This can all be found on the timeline bar near the top right corner of the project page. Once users have joined the pool, the relevant project will appear under Active Allocations on the “Allocations” page. After claiming all your tokens, the project will be moved to the Past Allocations on the same page.

✅ How does the allowlisting process work?

The first step is to apply for a projects IDO through our dApp. Once the application window closes, applicants will be randomly selected for the next step through a lottery process. These applicants will receive an email requesting they complete a KYC check. Once the KYC check is completed successfully, they will be added to the allowlist and will be able to participate in the relevant IDO once it goes live. It is very likely that the IDO would be oversubscribed, so punctuality is essential.

✅ Will there be tiers for IDO participation?

Yes, HeadStarter will be implementing a tier system in the near future. Currently our priority is to incentivise interacting with HeadStarter and bring new users to Hedera, hence keeping a low barrier to entrance.

✅ What happens to tokens should the round not be filled?

Across all HeadStarter rounds, should a reserved pool of tokens not be filled, the remaining balance is distributed between Community Reward Incentives and the Treasury.

✅ Do we need to get KYCed to participate?

Yes, KYC is a standard practice among financial organizations offering or distributing any sort of service or asset and is a critical step in order to ensure all projects and their participants are complying to the current regulation. Maintaining compliancy during a token launch is paramount.

✅ Why is participation in an IDO restricted for users of certain territories, including the USA?

In order to secure project longevity for HeadStarter and to be able to serve the community as per our mission statement, we must abide by existing laws and regulations. Thus, we are compelled to exclude certain territories from IDO at the moment. We are actively tracking international policies and regulatory changes in our efforts to be evermore inclusive.

✅ Why is the KYC process so thorough?

Together with our Reg-Tech partner, we are taking the KYC process seriously to exclude bad actors. The process end-to-end should take less than 5 minutes and, as soon as it’s done, stays valid for the next 6 months.

✅ Given the short KYC time-window, how can KYC issues be expedited?

To be able to cater for any issues encountered during the KYC process, you may e-mail support@sekuritance.com, as well as reaching out on our dedicated KYC channel in Discord where our team, along with Sekuritance’s, will be extending support on demand.

KYC

✅ Do we need to get KYCed to participate?

✅ Why is participation in an IDO restricted for users of certain territories, including the USA?

✅ Why is the KYC process so thorough?

✅ Given the short KYC time-window, how can KYC issues be expedited?

✅ Do I have to complete KYC every time I join an IDO?

No, the KYC check is valid for 6 months.

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