Announcing the Community Choice ITO: Lever Network (Closed)

4 min readMay 3, 2021

The community voting of Lever Network was officially concluded at 22:00 on May 3rd, UTC (started at 10:00 on May 1st, UTC). 592 addresses has voted for the Lever Network with the total votes of 310.87k. (“Yes”-299.31k, “No”- 11.56k). According to our voting mechanism of ITO community choice, Lever Network has passed the community voting. The followings are details of Lever Network ITO:

Points for Attention：

We recommend connecting MetaMask to participate in ITO;
ITO entrance will be released by the official Twitter account of Lever Network @LeverNetwork before the ITO start time.

Round 1

Ticker: $LEV
Offering Value: 70,000 LEV
Limit per address: 700 LEV
Price: $0.5
Quote Tokens: $USDC
Start Time: 7:00 am, May 5th 2021, UTC
Unlock Time: 17:00 pm, May 7th 2021, UTC
Requirement: Need to hold at least 100 MASK token to participate in ITO

Round 2

Ticker: $LEV
Offering Value: 70,000 LEV
Limit per address: 500 LEV
Price: $0.5
Quote Tokens: $USDC
Start Time: 8:00 am, May 5th 2021, UTC
Unlock Time: 17:00 pm, May 7th 2021, UTC
Requirement: NONE

About Lever Network

While decentralized finance is experiencing exponential growth, it is also faced with a major challenge of low utilization of funds. On the one hand, lending and trading are relatively isolated in DeFi, as users cannot take out loans and directly trade within a single lending protocol or decentralized exchange. On the other hand, margin trading as a trillion-dollar market in the crypto world is absent from DeFi — i.e., users can hardly long an asset on any DEX.

Lever Network is the first AMM-based decentralized margin trading platform. With the mission to establish a safe and easy-to-use decentralized financial product matrix, Lever Network combined the deposit margin vault with DEX perfectly in an innovative way, which solved the trading needs of users who could not increase leverage to go long or short in the DeFi world.

Lever Network has completed a seed round of $600,000, led by NGC Ventures, ArkStream, LD Capital, AU21, with other organizations like DAOMaker, YBB, and DFG involved.

How to participate in ITO

All screenshots are for reference only.

How to create your Mask account?

1.1 Download

Download and install Mask Network at http://mask.io.
You can also search Mask Network in the Chrome or Firefox extension store.

1.2 Onboarding

New users can follow the instructions to setup.

Create a new persona.
Click “Connect with a Twitter account”.

Mask will redirect to the Twitter page and detect your username.
Confirm your username and click “Connect to twitter.com”.
Now you can say Hi to your friends! Click “Compose Encrypted Post” and choose who can decrypt your post.

1.3 Set up Wallet

Mask will automatically create a new wallet address for new users.
Click the blue “Mask” button on the top right corner.
Click “Enter Dashboard”.
Click “Wallets” to view your wallet. Remember to backup!

1.3.1 Change Wallets

Method 1:

Click the “Mask” button on the top right corner.
Click “Enter Dashboard”.
Click “Wallets”.
Click the existing wallet address.
Click “Change” to connect with your daily wallet. (Now supports MetaMask and WalletConnect)

Method 2:

Search $XXX in Twitter.
Click “Swap🔥”.
Click the existing wallet address.
Click “Change” to connect with your daily wallet.

How to Participate in ITO?

Find the ITO tweet. This tweet will be released by @LeverNetwork before the time that each round of ITO begins.
Click “Enter” to participate.
Review the “Swap Reminder” carefully.
Click “I understand”.
Click “Continue”.