How to Participate in an IFO

An IFO on CUBISwap is an Initial Farm Offering. IFO let you get early access to CUBISwap’s new tokens as soon as they are added. By being one of the first to have a new token, you can benefit from higher rewards!

The IFO are available for a very limited time. Get ready ahead of the event to make sure you can participate!

Before the IFO

Knowing when an IFO will start

The IFO is a limited-time event; it usually only lasts one or two days. You'll want to check the proposal in detail for the IFO timeframe to ensure you don’t miss out!

Check the IFO page

IFOs will have a countdown at the top of the IFO page.

Use social media

There isn’t a set time before an IFO goes live for the countdown to start, so check CUBISwap’s official social media accounts for news about upcoming IFO times.

The countdown and announcements will give you plenty of time to prepare.

Once the IFO is live

Checking if the IFO is live

On the IFO page, look where the event start countdown was. You will now see a countdown until the IFO sale ends instead. This will let you know how much time you have to buy the offered tokens.

Public Sale

The final amount of IFO tokens one will get will be determined using the “Overflow” sale method.

Overflow Sale Method

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 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 get back any leftover funds when they claim their tokens after the sale.

After the IFO has ended

When the IFO has ended, you will be able to collect your new tokens. How many you will get depends on how many people participated in the IFO. Any extra $CUBI you have committed to the IFO that aren't used to buy new tokens will be returned to you.‌

Token Vesting

If an IFO has token vesting, the details and rules of the vesting will be elaborated in the vote proposal. Be sure to check and get familiar with the vesting schedule before committing to an IFO. You can also click this button in the detail section of an IFO sale to check the proposal directly.

Collecting your new tokens

IFO without token vesting

Collecting your new tokens is incredibly easy. Just go back to the IFO page once the IFO event is finished and click the claim button under the sale window. Confirm the action with your wallet. You'll now have your new tokens. Congratulations!

IFO with token vesting

Once the IFO sale is finished. A vesting interface will be presented in the IFO sale section. You can find all the useful information about the entire vesting schedule. Including but not limited to:

• The total amount of purchased token.

• The number of tokens has already been released.

• The number of tokens available to claim.

• When the release schedule is finished.

You can click the Claim button to claim any tokens available at the moment.

Throughout the entire vesting schedule, you can come back to the IFO page at any time and claim any available tokens.

Using your new tokens in farms

Now that you've got your shiny new tokens, you can put them to work for you!

You can add liquidity for your token to receive LP Tokens. Your LP Tokens will let you collect trading fees for your pair.

If you've added liquidity for your new token, you can also use your new LP Tokens to yield farm and earn more rewards!