> For the complete documentation index, see [llms.txt](https://docs.nep.finance/neptune-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nep.finance/neptune-docs/tokenomics/neptune-token-nep/neptune-ido-event.md). # Neptune IDO Event ### Neptune IDO Event: The highly anticipated NEP Token Sale is set to take place over a 4-day period from December 19 to December 23, marking a significant milestone for the Neptune ecosystem. Conducted as an Initial DEX Offering (IDO) through Liquidity Bootstrapping Pools (LBPs), the event is designed to ensure efficient price discovery and fair token distribution. #### Key Details of the Sale * Token Allocation: 1,000,000 NEP * Price Range: $1.00 to $0.1 * Claimable/Locking Ratio: 20% immediately claimable, 80% locked (maximum lock duration: 1 year) * Start Date: December 19, 2024 * Duration: 4 days **Benefits of the LBP mechanism include, but are not limited to:** * The LBP mechanism introduces a dynamic pricing model, beginning with a higher initial token price that decreases gradually over time. This approach enables participants to purchase tokens at price points they deem fair, fostering transparent price discovery while encouraging widespread community involvement. * The innovative structure of LBPs helps to mitigate the effects of large purchases by whales, ensuring that all participants have a fair opportunity to acquire NEP tokens. This format not only establishes a fair market value for NEP but also promotes equitable token distribution to support the long-term growth of the Neptune ecosystem. * The NEP Token Sale presents a unique opportunity to become a part of Neptune’s journey as the premier decentralized exchange (DEX) on the Swell Network. By purchasing NEP tokens during the sale, participants can secure their stake in the future of decentralized finance, benefiting from Neptune’s cutting-edge features and governance model. \ [How to participate in NEP IDO Event](https://docs.nep.finance/neptune-docs/user-guides/neptune-ido-guidelines) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.nep.finance/neptune-docs/tokenomics/neptune-token-nep/neptune-ido-event.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.