Neptune IDO guidelines
Last updated
Last updated
Neptune provides a simple and transparent way to participate in Liquidity Bootstrapping Pools (LBPs). Through LBPs, projects can distribute value using NEP tokens with community support, promoting fair and transparent partnerships through a Dutch auction distribution model. This approach democratizes access to early-stage opportunities for all!
There are 3 screen states when IDO:
Follow these step by step instructions to learn how you can participate in the Neptune IDO Event:
Step 2 - Transfer ETH from Ethereum to Swellchain
In this step, ensure you have some ETH on Swellchain. If you don’t already, you can use the Neptune Bridge to transfer ETH from Ethereum to Swellchain. Once that’s done, you can proceed to participate in the NEP token sale.
IDO Research
Prior to participating we recommend researching the following before deciding to participate in an IDO.
Token Released/Available
Price
Volume
Funds Raised
Based on all of the factors you have taken into consideration and the price is at a point where you feel it is fair market value, you can begin your purchase.
In the above example on testnet, we are using ETH to buy into the pool. Input the amount of ETH tokens you wish to buy in with.
Input the amount of tokens you wish to purchase.
Prior to the purchase occurring, you may need to approve the tokens via your Metamask. This can be done by clicking the “Confirm” button.
On the Ethereum network, there is a fee associated with this. This fee can vary depending on the price of Ethereum gas at the time. We recommend using the Metamask recommended fee to complete your transactions.
After clicking the confirm button on metamask, the transaction will be immediately processed and displayed in the 'Transaction History' section.
At the end of the IDO, you can claim 20% of your tokens into your Wallet. The remaining 80% will be automatically locked for 1 year and you will receive veNEP in return. You can use veNEP to vote and earn rewards.
