Another powerful upgrade has arrived to Tenset launchpad. This has been teased in recent weeks, as some users may have noticed a new NFT arriving to their wallet after participating in an IDO. We are pleased to now share official details about this development which provides launchpad participants increased utility and freedom.

When you purchase an allocation in an IDO, you receive an NFT which then controls the vesting and claiming of that token, according to the project’s vesting schedule. Each NFT displays the total purchase amount, the amount that has been claimed already, and the % that is remaining. If any tokens are claimed, the old NFT is burned and a new NFT is minted to reflect the updated vesting details.

For example, you purchased 2,000 ALVA tokens in the IDO. 25% was unlocked at TGE, with the remaining 75% unlocking monthly for 3 months. You claimed your initial 25% and sold it, and now have 75% locked in vesting. You now have the possibility to trade an NFT that represents the ownership of the 1,500 ALVA tokens in vesting. If someone purchases this NFT from you, they are then able to claim the vested tokens as they unlock.

According to the recently announced tier system on Tenset launchpad, this perk is only available to Tier 3 and above (5,000 10SET token lock or NFT holder). This will be applied to future IDOs.

You can see an example of the image the NFT displays below:

This new upgrade is already available for the 2 most recent IDOs ivendPay and Alvara Protocol! You will find their official details below. Be careful of scams. Make sure you only interact with official contracts.

Alvara Vesting NFT Details:

Smart contract address: 0xa8f196BD2b5Ce65B379109827D5FC1CA4a33e32b

OpenSea: https://opensea.io/collection/alvara-vesting

ivendPay Vesting NFT Details:

Smart contract address: 0x20f4d1e3ae1d9cc3939c55923db859fa69a4a754

OKX Marketplace: https://www.okx.com/web3/marketplace/nft/collection/bsc/ivendpay-vesting