How to participate in IDOs
Last updated
Last updated
Before jumping into an IDO, there's an important phase known as the Whitelist Period. In this period (usually 5-7 Days), interested investors can reserve a spot in the upcoming Guaranteed Allocation (GA) phase by expressing interest in the selected project. Unlike other platforms, getting whitelisted on Kibble is straightforward and crucial for ensuring you receive an allocation based on your tier level.
Step 1 - Navigate to the Launchpad to view all current events open for whitelisting
Step 2 - Secure your spot: Simply follow the instructions to sign a transaction with your TON wallet during the Whitelist Period to confirm your participation in the IDO
Step 3 - Allocation Based on Tier: Your allocation amount is predetermined by your current Tier Level, which detemines the quantity of tokens you're eligible to purchase during the IDO round.
Step 4 - Opportunity to increase allocation: If your tier level increases during the Whitelist Period, your allocation for the IDO can also increase accordingly. This provides a dynamic way to enhance your investment potential before the crowdfunding event.
As an eligible participant from the whitelist period, you are now positioned to invest in the Guaranteed Allocation round. This round usually last for 22 hours before the FCFS Phase.
Step 1: Check your allocation
Upon entering the IDO event page, you'll find your guaranteed allocation amount, which is determined by your tier level. This reflects the maximum you're eligible to invest in the project.
Step 2: Input your investment
Choose your amount: Decide how much you want to invest in USDT within the bounds of your allocated amount.
Enable the transaction: Before funding, you must enable the transaction. This is a security measure to ensure your wallet can interact with the IDO contract.
Fund your investment: After enabling, input the USDT amount and confirm by funding the investment. This action finalizes your participation in the GA round.
Users who missed the Whitelist or GA rounds have a new window of opportunity to invest. This phase is available to everyone, including those who did not participate in the Whitelist period. The amount you can invest will be the same from the GA round.
A second FCFS round is rare, as the first phase usually exhausts all available tokens in seconds. If a Phase Two is happening, rules are the same of the FCFS Phase One.
Shortly after the IDO wraps up, the TGE kicks off, marking the moment when investors can start claiming their tokens. Typically, not all tokens are released immediately—this initial percentage is detailed by each project and is aimed at preventing a sudden sell-off that could destabilize the market.
A designated refund period (48 hours after IDO), allows participants to reflect on their investment. During this time, you have the option to request a refund if you have second thoughts about your commitment.
To initiate a refund, visit your portfolio page, select the investment you're reconsidering, and click on the 'Refund' option.
💡 Please note, once you claim your tokens, the option to request a refund is no longer available.
