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IFO (Initial Farm Offering)
Coming soon
Buy new tokens using CORIS-BNB LP tokens.
The project gets the BNB, CorgiSwap burns the CORIS. You get the tokens.
- 1.You will need CORIS-BNB LP tokens to participate.
- 2.CORIS tokens equating to half of the total funds raised will be burned forever: For example, if the full $1,000,000 USD allocation is raised, then $500,000 of CORIS tokens will be burned.
Learn how to find IFO smart contracts
Visit https://corgiswap.finance/ifo to find out more about IFOs.
Before Sale:
- 1.Buy CORIS and BNB tokens
- 2.Get CORIS-BNB LP tokens by adding CORIS and BNB liquidity
During Sale:
- 1.While the sale is live, commit your CORIS-BNB LP tokens to buy the IFO tokens at https://corgiswap.finance/ifo
After Sale:
- 1.When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
- 2.Done! In the case of an overflow you can unstake your remaining CORIS-BNB LP tokens.
If you decide to acquire CORIS-BNB LP tokens before the IFO starts, you can stake them in the CORIS-BNB Farm to earn CORIS token rewards while waiting for the sale.
While you are holding CORIS-BNB LP tokens you will be at risk of Impermanent Loss.
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 IFO, 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 LP tokens 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 CORIS-BNB LP tokens you committed.
Three models of possible outcomes for the Overflow method.
The sale will proceed as normal, and all funds contributed will be spent.
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Last modified 2yr ago