How to Participate in an IDO

Participating in an Initial DEX Offering (IDO) on TON Launchpad is a straightforward process, but it requires an understanding of how IDOs work and how to prepare for them. IDOs are a popular way for blockchain projects to raise capital by selling their tokens directly to the public before they get listed on exchanges. Here’s a step-by-step guide to help you participate in your first IDO on the TON Launchpad.

Step 1: Set Up Your Wallet

The first thing you’ll need is a compatible cryptocurrency wallet that can connect to the TON blockchain. Popular wallets include MetaMask, Trust Wallet, and others that support TON. Ensure that your wallet is secured and backed up properly to avoid losing your funds.

• Install the Wallet: Download and install your chosen wallet on your browser or mobile device.

• Add Funds: You’ll need to add cryptocurrency (such as TON or another supported token) to your wallet. This will be used to purchase tokens during the IDO.

Step 2: Stake TON Tokens to Secure Your Tier

TON Launchpad uses a tiered system that determines your level of participation in token sales based on how many TON tokens you stake. The more you stake, the better your tier, and the higher your allocation will be during the sale. The three tiers are Aqua, Sky, and Sapphire.

• Aqua: Entry-level tier, suitable for smaller investments, offering first-come, first-served access.

• Sky: Mid-level tier, providing priority access to token sales with better allocation opportunities.

• Sapphire: Top-tier, guaranteeing allocations and providing early access to exclusive sales.

Step 3: Register for the IDO

Once you’ve staked your TON tokens and secured your tier, you’ll need to register for the IDO. Registration usually opens a few days before the token sale begins. Make sure to follow TON Launchpad’s social media channels and official website to stay informed about upcoming IDOs and registration deadlines.

• Whitelist Registration: Some IDOs may require you to be whitelisted before you can participate. This means you’ll need to submit some basic information (such as your wallet address) and possibly pass KYC (Know Your Customer) verification if required by the project.

Step 4: Participate in the Token Sale

On the day of the IDO, connect your wallet to the TON Launchpad platform and navigate to the token sale page. Depending on your tier, you may either have guaranteed access (Sapphire) or be subject to a first-come, first-served system (Aqua).

• Purchase Tokens: Once the sale begins, enter the amount you want to invest and complete the transaction through your wallet. Make sure you have enough funds in your wallet to cover both the token purchase and any associated transaction fees.

• Confirm Your Purchase: After your transaction is confirmed, you’ll receive your allocated tokens either immediately or according to the vesting schedule set by the project.

Step 5: Claim Your Tokens

Once the sale is complete, your tokens will either be distributed to your wallet automatically or you will need to manually claim them through the platform at a later date. Keep an eye on the project’s announcements to know when and how to claim your tokens.