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IDO -- Initial DEX Offering
What is IDO?
An IDO on SharkSwap is an Initial Swap Offering. IDOs let you get early access to SharkSwap’s new tokens as soon as they are added. By being one of the first to have a new token, you can benefit from higher rewards! Buy new tokens directly for Get $SHARK on SharkSwap. Maximize your profit by participating in the Initial DEX Offerings.
Buy new tokens using $SHARK
The project gets the $SHARK , SharkSwap burns the participation fees $SHARK . You get the tokens.
You will need $SHARK to participate.
You will need ve$SHARK to participate in Public Sales.
You will need to meet certain requirements to participate in Private Sales.
Private Sale
To participate in a new private sale, participants need to meet at least one of the requirements set forth on the IDO Sales Card UI. Each participant will be able to stake any amount of $SHARK, up to the maximum commitment limit for the private sale, which will be released with the IDO voting proposal. There are no fees for private sales.
The final number of IDO tokens obtained will be determined through an “overflow” sale.
Public Sale
In the Public Sale, each participant will be able to commit as much $SHARK as they would like up to the number of ve$SHARK as the limit. If you buy tokens with the Public Sale you will have to pay a small fee.
The final number of IDO tokens obtained will be determined through an “overflow” sale.
Overflow Sale Method
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 as they want to the IDO, 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 get back any leftover funds when they claim their tokens after the sale.
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 IDO, 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 $SHARK 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 $SHARK tokens you committed.
IDO with token vesting
Once the IDO sale is finished. A vesting interface will be presented in the IDO sale section. You can find all the useful information about the entire vesting schedule. Including but not limited to:
The total amount of purchased token.
The number of tokens has already been released.
The number of tokens available to claim.
When the release schedule is finished.
You can click the Claim button to claim any tokens available at the moment.
Throughout the entire vesting schedule, you can come back to the IDO page at any time and claim any available tokens.
What happens if the IDO doesn't raise all the funds targeted?
The sale will proceed as normal, and all funds contributed will be spent.
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