IFO

Intro

Buy new tokens using Rocket-WMATIC LP tokens.

  • The project gets the WMATIC.

  • RocketFarming burns the Rocket.

  • You get the tokens.

  1. You need Rocket-WMATIC LP tokens to participate.

  2. Rocket tokens equating to half of the total funds raised will be burned forever: If the full $1,000,000 USD allocation is raised, then $500,000 of Rocket tokens will be burned.

How to participate in an IFO?

Visit RocketFarming.finance/ifo to find out more about IFOs.

BEFORE SALE

  1. Buy Rocket and WMATIC tokens

  2. Get Rocket-WMATIC LP tokens by adding Rocket and WMATIC liquidity

DURING SALE

  1. While the sale is live, commit your Rocket-WMATIC LP tokens to buy the IFO tokens at RocketFarming.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 Rocket-WMATIC LP tokens.

If you decide to acquire Rocket-WMATIC LP tokens before the IFO starts, you can stake them in the Rocket-Wmatic Farm to earn Rocket token rewards while waiting for the sale.

While you are holding Rocket-WMATIC LP tokens you will be at risk of Impermanent Loss.

What is the "Overflow" sale method?

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 Rocket-WMATIC LP tokens you committed.

What happens if IFO doesn't raise all the funds targeted?

The sale will proceed as normal, and all funds contributed will be spent.

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