A comprehensive guide to join Planet Sandbox IDO on RedKite LaunchPad

5 min readSep 29, 2021

Are you ready to become the first $PSB holders? Make sure to check all the steps down below to ensure your eligibility!

Planet Sandbox will conduct its first IDO on Red Kite LaunchPad on 2nd Oct 2021.

There are two token sale pools: IDO Pool (for whitelist winners) and Community Pool (participants on Gleam.io). The allocation for the two pools is respectively $147,000 and $3000 $PSB at IDO price.

▶️ IDO POOL ◀️

Schedule

Whitelist Opening: 02:00 PM UTC, September 27
Whitelist Closing: 01:00 PM UTC, October 01
Winner Announcement: Friday, October 01, 2021
IDO date: Saturday, October 02, 2021
Buying time Phase 1 (Guaranteed allocation): 01:00 PM — 02:00 PM UTC
Buying time Phase 2 (FCFS): 02:00 PM — 02:15 PM UTC
Listing time: 02:30 PM UTC, October 05, 2021
Claiming time: 03:00 PM UTC, October 05, 2021

📖 IDO Pool Detail

Token: $PSB
Token type: BEP20
Price per token: $0.125 per $PSB
Vesting schedule: Unlock 50% at TGE, then monthly release 25% for 2 months
Accepted currency: BUSD
Network: BSC
Restricted countries: United States of America, China, Hong Kong, DR Congo, Iran, Myanmar, Sudan, Iraq, Ivory Coast, North Korea, Syria, Zimbabwe, Cuba, Belarus, Liberia
Token allocation: $147,000

📖 How to join the Planet Sandbox IDO pool on Red Kite?

To be eligible for Planet Sandbox public offerings on Red Kite, please complete the following steps:

Step 1: Follow Planet Sandbox and PolkaFoundry’s social channels below:

Follow Twitter accounts: @planetsandbox and @PolkaFoundry,
Join community groups: @planetsandbox and @PolkaFoundry,
Subscribe to announcement channels: @planetsandbox_ann and @PolkaFoundryANN.
Like and retweet the IDO announcement tweet with hashtags #RedKite #PlanetSandbox $PKF $PSB

📌 NOTE: Users who belong to Eagle and Phoenix tiers will not be required to do the above steps when joining the IDO pool. However, we recommend following Twitter and Telegram groups to stay up-to-date with important announcements.

️Step 2: Register an account on the Red Kite website and complete the KYC.

Please follow the guideline HERE.

*10 Tips to Get KYC Verified on Red Kite : https://medium.com/polkafoundry/10-tips-to-get-kyc-verified-on-red-kite-887807abe099

Step 3: Staking PKF or PKF/ETH LP to claim your tier.

Stake to ensure you achieve at least the minimum tier of the pool.

If it is your first time staking on Red Kite, you will need to Approve tokens once (and only once) before you stake PKF.

📌 NOTE: Refer to the latest tier policy on Red Kite HERE and the staking guideline HERE.

️Step 4: Join the Planet Sandbox IDO Pool, then complete the Whitelist procedure.

After completing all required tasks according to your tier, join the Planet Sandbox IDO pool and click the Apply Whitelist button.
Enter your Twitter account and Telegram’s username.
Click Submit.
After that, Red Kite will ask you to sign your wallet. Click Sign on your wallet to complete applying.

▶️Community Pool ◀️

📖 Schedule

Competition time: 02:00 p.m UTC, September 27–01:00 p.m UTC, October 01, 2021
Winner announcement: Friday, October 01, 2021
IDO date: Saturday, October 02, 2021
Buying time (Community pool): 02:15 PM UTC — 02:30 PM UTC, October 02, 2021
Claiming time: 03:00 PM UTC, October 05, 2021

📖 Pool Detail

Token: $PSB
Token type: BEP20
Price per token: $0.125 per $PSB
Vesting schedule: Unlock 50% at TGE, then monthly release 25% for 2 months
Accepted currency: BUSD
Network: BSC
Restricted countries: United States of America, China, Hong Kong, and all sanctioned OFAC countries (DR Congo, Iran, Myanmar, Sudan, Iraq, Ivory Coast, North Korea, Syria, Zimbabwe, Cuba, Belarus, Liberia)
Token allocation: $3000
Number of lottery winners: 500
Number of available slots: 100
Slot value: $30

📖 Note

No tier or whitelist application is required to join the pool.
We will randomly pick 500 lucky people who completed all required tasks. Only 100 slots to buy $PSB are sold in the form of FCFS.

📖 How to join the Community Pool for $PSB on Red Kite?

Visit the community competition on Gleam HERE.
Fill out the required details (Full name, Email, Wallet Address ERC-20, Telegram username, Twitter username). You MUST enter the same wallet address ERC-20 you intend to register on Red Kite, or else you may not be able to get your allocation on the IDO date.
Complete tasks on Gleam, plus Like and retweet the IDO announcement tweet with hashtags #RedKite #PlanetSandbox $PKF $PSB. This is important, don’t forget it 👆

⚡️ Tip: You can refer your friends on Gleam for extra 5 points. Remember that the more points you have, the more likely you are to get picked.

About Planet Sandbox

Planet Sandbox is the ultimate third-person NFT sandbox game that powers players with limitless building tools to customize their own worlds and design game modes. The land will become a business which the owner can sell or earn passive income through the renting system. Aside from the builder function, players can enjoy the excitement of Multiplayer mode when participating in games. Choose your favourite sandbox, and compete with others, in intense fighting games such as deathmatch, hunting prop… to earn prizes. The beta version is expected to be released this November.