IFO (Initial Farm Offering)
Buy new tokens with a brand new token sale model.
Intro
Buy new tokens using PURE-MX LP tokens. The project gets the MX, PureSwap burns the PURE. You get the tokens.
You will need PURE-MX LP tokens to participate.
PURE tokens equating to half of the total funds raised will be burned forever: If the full $1,000,000 USD allocation is raised, then $500,000 of PURE tokens will be burned.
How to participate in an IFO
Before Sale:
Buy PURE and MX tokens
Get PURE-MX LP tokens by adding PURE and MX liquidity
During Sale:
While the sale is live, commit your PURE-MX LP tokens to buy the IFO tokens.
After Sale:
When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
Done! In the case of an overflow you can unstake your remaining PURE-MX LP tokens.
If you decide to acquire PURE-MX LP tokens before the IFO starts, you can stake them in the PURE-MX Farm to earn PURE token rewards while waiting for the sale.
While you are holding PURE-MX LP tokens you will be at risk of Impermanent Loss.
What is the “Overflow” sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
It's possible to receive no tokens at all: If you commit a very small amount of LP tokens compared to the total amount committed by others, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold. In such a case, you will still be able to reclaim all the PURE-MX LP tokens you committed
What happens if the IFO doesn't raise all the funds targeted?
The sale will proceed as normal, and all funds contributed will be spent.
Want to launch your own IFO?
Launch your project with PureSwap, to bring your token directly to an active and rapidly growing community on BSC.
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