Allowlisting process

Overview

Registration for HeadStarter events is compulsory through an Allowlisting (Whitelisting) process, designed to collect user participation interest and choices for specific events. Below, we detail the steps for prospective participants to secure Allowlist spots in various HeadStarter crowdfunding events.

Allowlisting Steps:

1. Registration:

   • Users must register their intent to participate in HeadStarter events by joining the Allowlist. This is typically done through campaigns managed via platforms like Bountyblok.

   • Each Allowlist campaign may have specific rules and requirements, so it's crucial to thoroughly read the campaign description.

   • Users eligible for guaranteed allocations should still register for the campaign.

   • Learn more about eligibility criteria for INOs, IDOs, and Private Sales.

2. Completing Tasks:

   • Participants may be required to complete specific tasks during the Allowlist campaign.

   • If the user has a guaranteed allocation, they are asked to perform at least the mandatory tasks.

   • If a user doesn't have a guaranteed allocation for the event, they can collect as many points as possible to maximize their chances to win the lottery draw.

   • Tasks can include social media activities, quizzes, or other engagement metrics designed to gauge interest and commitment.

3. KYC Verification:

   • For some events, KYC (Know Your Customer) verification is mandatory. This process ensures compliance with regulatory standards and helps prevent fraud.

   • Participants must complete KYC through a third-party RegTech provider integrated with the HeadStarter dApp.

   • It is important to use the same wallet address for KYC that was used to join the Allowlist to avoid disqualification.

4. Allowlist Lottery draw:

   • All users registered to the Allowlist campaign who don't have a guaranteed allocation will be subject to a lottery draw based on the numbers of points they collected in the campaign.

   • The numbers of lottery draw winners of each campaign changes from event to event based on event Goal and Max allocation.

5. Snapshot Period:

   • A snapshot of token holders to confirm eligibility is taken upon user enrollment in the Allowlist campaign and after the campaign ends.

   • At a random time between the end of the Allowlist campaign and the start of the event, a snapshot of token and NFT holders is taken.

6. Confirmation:

   • Once the snapshot is completed, selected and eligible participants will receive confirmation of their Allowlist status via email and/or on the event page on the dApp.

   • By selecting "Check Allowlist Status," participants can see if their wallet was selected and if there are any steps they need to perform to participate in the event.

   • This confirmation allows them to participate in the upcoming IDO, INO, or other types of crowdfunding events on the HeadStarter platform.

Benefits of Allowlisting:

• Enables Participation: Securing an Allowlist spot ensures that you are eligible to participate in the event.

• Fair Distribution: The Allowlist process helps in the fair and transparent allocation of tokens or NFTs by preventing bot entries and ensuring genuine participation.

• Regulatory Compliance: KYC verification helps in maintaining regulatory compliance, adding a layer of security and trust to the process.

By adopting a structured Allowlisting process, HeadStarter ensures a secure, fair, and engaging participation experience for all users. This system not only benefits the participants by securing their spots but also helps maintain the integrity and success of the crowdfunding events.