GIGCO IDO Details

Frank de Vryer
3 min readMar 7, 2022

We are excited to announce that the rescheduled $GIG token IDO will take place on SolRazr launchpad on Friday 24th June.

GIGCO is a brand-new music platform that incorporates Solana blockchain technology to provide GIG contracts and the network’s $GIG token for an all encompassing approach to the future of the music industry. Through a combination of NFTs and staking programs GIGCO offers music fans a unique way to connect with the artists they love.

This article will cover details of how to get involved in the $GIG token IDO. For a full in depth guide to SolRazr’s IDO process please check out the following link: https://medium.com/@SolRazr_App/1-step-ido-process-on-solrazr-9d41cf152a62

$GIG SolRazr IDO Details:

Total tokens for the raise: 9,500,000 $GIG (5% of total supply) 50% unlocked at TGE, 1 month cliff and 2 months vesting.

Token fixed price: 0.075 $USDC for 1 $GIG

Total raise: 710,000 $USDC

Model: Lottery for allocation

IDO Opens Friday 24th June, 12:00 PM UTC

IDO Closes Sunday 26th June, 12:00 PM UTC

Winners Announcement: Monday 27th June, 12:00 PM UTC

Eligibility and Entry Requirements

To be eligible for the GIGCO IDO you will first need to be staking $SOLR on the SolRazr platform. The SolRazr platform works on a 5 tiered scaling system, depending upon how many $SOLR tokens you have staked, each tier has an incremental hard cap for the amount of $GIG tokens that you can purchase during the IDO.

For example the entry tier named Soil has a hard cap of $75 or 1000 $GIG but the highest tier named Mighty Oak has a hard cap of $1,575 or 21,000 $GIG tokens.

The amount of tickets that you will receive for the lottery will depend upon how long you stake your $SOLR tokens for, if you stake for one week you will receive 1 ticket, 2 weeks 2 tickets up to a maximum of 8 weeks and 8 tickets. The longer you stake, the more tickets you will have and the more chance of having a winning or whitelisted ticket.

So, once you have staked your $SOLR and gained your tickets you simply need to head to SolRazr project page, find GIGCO, then you can connect your Phantom or Solflare wallet. Once connected you can apply for the IDO by depositing your USDC funds to the amount that you’d like to participate.

You can find the GIGCO project on the SolRazr website by following this link: https://solrazr.com/projects/gigco

Please ensure the following before you click the ‘Participate’ button:-

  • Your minimum and maximum allocation will be displayed on the screen. Select the USDC amount you want to participate in the IDO with.
  • Ensure that you have the right amount of USDC required to purchase the $GIG tokens up to your desired allocation.
  • Complete Social media tasks using your email and wallet address
  • Social media tasks are mandatory for the Soil and Seed tier.
  • We encourage EVERYONE in ALL TIERS to finish social media tasks to spread awareness about GIGCO and $GIG token.

Be sure to follow all of SolRazr’s social media accounts for all up to date info:

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