I've read the FAQ carefully and it is the projects themselves that determine the list of prohibited countries. I recently made the decision that I'd attempt to get whitelisted for an IDO. I have 1000 POLS staked which translates to 4.4 tickets. In the tier that puts me in, there is about a 19% chance of being picked once I have applied to the whitelist of a particular project.
Currently, there is a project that I'm interested in participating in the IDO called Mytheria ($MYRA). However, when I went to apply for the whitelist, the US was in the list of prohibited countries along with the other countries that are typically prohibited from everything like the African nations, former Soviet republics, China, N.Korea, Cuba, and so on. It made me wonder if this was a frequent occurrence. 1000 POLS is a lot of capital to have "staked" (you don't earn anything by having your POLS staked) while you're waiting for a chance to get whitelisted. So my question is for folks from the US (or others that may have noticed) who are frequent users who may have some idea whether this is common or if it is just an occasional occurrence. If this happens 9 times out of 10 and only then do I have a 19% chance of being whitelisted, I'm not going to tie up 3K USD in capital waiting for an overall 2% chance of being chosen.
Topic: Polkastarter Question (Read 73 times)
To anyone who has used Polkastarter to invest in IDO's, in your experience,
I rarely got a spot to get in. Too much people interested to join in IDO. Increasing your stack was only the way to get more ticket and increase the chance to join in IDO. I didn't see another way other than become a lucky guy who can get a spot with only one ticket. It's having lottery system which makes people that was holding a single ticket to participated in. I have been trying that so many times but you will be so lucky if you can get it with only one ticket. how often is the United States on the list of prohibited countries when you try to apply for entry to the whitelist? Also, what is the typical window of time that whitelisting is open to applications?
I think that polkastarter itself who already prohibited US citizens to participate in the IDO due to the regulation. You have to read polkastarter's faq regarding it. I'm not sure if this is based on the project that's launched in polkastarter. Quote
Persons located in or residents of the United States, North Korea, Iran, Venezuela or any other jurisdiction in which it is prohibited from using the Service (the ”Prohibited Jurisdictions”) are not permitted to make use of the Service.
source: https://polkastarter.com/terms
To anyone who has used Polkastarter to invest in IDO's, in your experience, how often is the United States on the list of prohibited countries when you try to apply for entry to the whitelist? Also, what is the typical window of time that whitelisting is open to applications?
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