Bond Guide
How do I participate in Bonds?
To participate in the Bonds on Finceptor, you need to stake $FINC to get an allocation and complete KYC.
You can refer to the KYC guide, Tier System $FINC staking guide for further information.
Introducing Bonds by Finceptor
Bond is a new way to invest in exchange-listed tokens at a discount with a short-term vesting schedule. The vesting term is linear in unit time (i.e., every second), allowing investors to withdraw their tokens as they become unlocked.
Bond Types
Fixed: Sales with a fixed discount rate and a fixed vesting period.
Dynamic: Sales with a discount rate ranging from 10% to 20% and a vesting period that correlates with the discount rate, typically between 5 and 10 days.
Fixed Bond
A fixed-term bond is a type of bond in which the discount rate and corresponding vesting term don't change during the sale. For example, a bond sale with a 10% discount and a 5-day vesting period, where both the discount rate and the vesting remain unchanged.
Dynamic Bond
A dynamic bond is a type of bond in which the discount rate and corresponding vesting term change over the sale. The bond sale starts with an initial discount and corresponding vesting term. As users buy bond tokens, i.e., demand increases, and the discount rate and corresponding vesting term decrease linearly.
Example 1: As an example, the bond sale starts with a 20% discount from the current market price with a linear vesting period of 10 days. As demand increases, the discount percentage and vesting period decrease. For example, as the sale progresses, the discount rate decreases to 19% with a 9.5-day linear vesting, then to 18% with a 9-day linear vesting, and so on, until it reaches a final stage of a 10% discount and a 5-day linear vesting. In this case, the tokens will be sold at an average discount of 15% and a vesting period of 7.5 days.
Suppose a bond with an initial discount rate of 20% and an end discount rate of 10%. Suppose that 1,000,000 tokens are for sale. If a user wants to purchase 500,000 tokens, the discount rate will be 17.5%. Since the user wants to purchase 50% of the bond supply, the first 250,000 tokens will be subjected to a 20% discount, and the remaining 250,00 tokens will be subjected to a 5% discount. By averaging those discount rates, the final discount rate will be a 17.5% discount. Then, 8.75 days of linear vesting is applied.
Note that the tokens' vesting starts at the moment of purchase. For example, 50% of the tokens will be unlocked in the middle of the vesting.
How Can I Participate in Bond Sales?
To participate in the Bonds on Finceptor, you need to stake $FINC to get an allocation and complete KYC. For every bond, users can see the eligibility requirements on the bond page. For example, users need to have 1k Points to participate in Bonds and 10k Points to participate in Refundable Bonds with minimum allocation.
Hence, the required $FINC stake points may change from one Bond sale to another. Anyone who stakes the required amount of $FINC and completes KYC grants access to the bond sale. Users can invest any amount they desire as long as it is equal to or below the specified maximum limit for their Tiers.
Then, for every bond sale, connect your Web3 wallet, enter the desired amount up to your allocation limit, and click on the "bond" button to complete the purchase. Don't forget to have $BNB in your web3 wallet for network fees.
Claiming
After making your purchase, you can go to the Claim tab by clicking on the "Claim" button in the upper right of the tab. Here, you can see the amount of tokens you can withdraw over time. By clicking the "Claim" button and confirming the withdrawal from your Web3 wallet, you can withdraw your unlocked tokens to your Web3 wallet and use them as you wish.
FAQ
Last updated
