IDO Guide
How do I participate in IDOs?
To participate in the IDOs on Finceptor, you need to stake $FINC to get an allocation and complete KYC.
You can refer to the KYC guide and the $FINC staking guide for further information.
The sales consist of four steps.
Registration Period
Let's start with our registration process. Head over to the Deals page to see the live and upcoming deals.
Then, click on the project box for registrations.
Now you will able to see the project details and general information for the sale. Connect your Web3 wallet and click the "Register" button in the specified Registration Period. For example, the Registration Period for the Patex sale is between 27 December, 16:00 and 5 January, 16.00.
The displayed times are automatically adjusted based on the user's time zone.
Note that to earn an allocation in the sales, you have to complete KYC and stake at least $1 worth of $FINC.
Scroll down the page to review the token metrics and research article.
The exact allocation amounts will be displayed on the page before the sale. After the registration, you can increase your allocation by staking more $FINC. However note that to spend your allocation, i.e., deposit to the pool, you need to have verified KYC, staked at least $1 worth of $FINC, and registration. You can complete the KYC and stake $FINC tokens after the registration.
You should able to see the "You are registered" confirmation on the page.
Guaranteed Allocation Round
If you successfully completed the previous steps, you can invest in USDT on the BNB network within the specified time frame. The maximum purchase amount (allocation) will be displayed on the interface.
In this round, since allocations are pre-secured, users will have a time period to deposit USDT stablecoins. To use your allocation, simply enter the amount of USDT you want to invest in the box above the 'Invest' button and click the 'Invest' button.
First-Come-First-Serve Round
FCFS Round-1
IIf there are any unsold tokens from the Guaranteed Round, the remaining portion will be offered to eligible Guaranteed Round users — those who registered for the deal, staked $FINC, and completed KYC verification. This means that whether a user deposited or not in the Guaranteed Round does not matter.
The allocation for each user will be 1.5 times the Guaranteed Round allocation. This multiplier, denoted as "x", can vary between 0.5 and 2.5.
The maximum allocation provided for the FCFS will be $500.
Example: Let's assume that the pool size for the sale is $100,000 and 80% of it is sold in the Guaranteed Allocation Round. There will be $20,000 remaining for the FCFS round. Assume that the multiplier for the FCFS round is 1.5x.
User A's Guaranteed Round allocation was $200. In this case, User A's FCFS round allocation will be $300, and they could deposit up to $300.
User B's Guaranteed Round allocation was $1000. In this case, User B's FCFS round allocation will be $500 since they exceed the $500 limit.
Note that the round is offered on a first-come-first-serve basis. Even though there is a provided allocation, it does not guarantee that the user will be able to make a purchase. It's strongly recommended that users who want to participate act quickly.
Beware of that there will be a 10% fee in the FCFS-1 Round. For example, if a user’s allocation in this round is $250 and they plan to use the full amount, their wallet should have 10% more than the intended investment, which is $275. Additionally, the user should have some $BNB for transaction fees. When making a purchase, the user needs to enter the amount they want to invest, and the 10% fee will be automatically calculated and deducted from their wallet.
FCFS Round-2
If the FCFS-1 sale does not sell out, the architecture will proceed with round 2 of the FCFS system. Users who staked a certain amount of $FINC with verified KYC can deposit up to their manual allocation limit.
Example: Let’s assume that the minimum staking requirement is 2000 $FINC, and the maximum allocation is $500. Users who stake a minimum amount of 2000 $FINC could participate in the FCFS-2 Round sale with a maximum cap of $500 but must act quickly.
Note that there will be a 15% fee in the FCFS-2 Round. All other terms regarding the fee for the FCFS-2 Round remain the same as the FCFS-1 Round.
Vesting (Claim) Period
The Vesting Period is where users can claim their purchased tokens based on the pre-announced vesting schedule. Note that in some IDOs, users will have unconditional refund windows. Scroll below to see the refund option details.
Warning: It is crucial to follow the official project announcements for CEX/DEX listing plans, as there can be many scammers attempting to fraud investors during this period. Please check the announced date for listing and exchanges through the project's official channels, and be cautious, especially if the listing happens before the specified date, particularly on decentralized exchanges.
Then, simply press the "Claim" button to withdraw your purchased tokens and executive your trading strategy.
Before withdrawing your tokens, please ensure you import the project's token contract address to your Web3 wallet; otherwise, even if the tokens are sent to your wallet, you won't see on the UI them until you add the token contract address.
Refund Option
Finceptor implements refund policies ranging from 1 hour to 7 days. In this particular refundable IDOs, users will see the "Request Refund" button next to "Claim". If you haven't claimed your tokens by clicking the 'Claim' button and the specified refund period has not elapsed, you have the right to request a refund by clicking the 'Request Refund' button, which refunds the entire amount you invested in the following 72 hours.
Warning 1: Your refund option expires as soon as you click the 'Claim' button; once you've withdrawn the tokens to your wallet, refunds are no longer possible.
Warning 2: If you decide to refund purchases made during the FCFS, the 10% fee applied during the purchase won't be refunded. For instance, if you invested $100 and paid $110, a refund would only return $100.
FAQs
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