FINCEPTOR #finc

9ScG...MoLb
16 Jan 2024
49


How do I participate in IDOs?

To participate in the IDOs on Finceptor, you need to stake $FINC to get an allocation and complete KYC.

You can refer to the KYC guide and the $FINC staking guide for further information.
The sales consist of four steps.

  1. Registration period
  2. Guarenteed Allocation Round
  3. First Come First Serve Round
  4. Vesting Round



Registration Period

Let's start with our registration process. Head over to the Deals page to see the live and upcoming deals.

Then, click on the project box for registrations.


Now you will able to see the project details and general information for the sale. Connect your Web3 wallet and click the "Register" button in the specified Registration Period. For example, the Registration Period for the Patex sale is between 27 December, 16:00 and 5 January, 16.00.

The displayed times are automatically adjusted based on the user's time zone.


The exact allocation amounts will be displayed on the page before the sale. After the registration, you can increase your allocation by staking more $FINC. However note that to spend your allocation, i.e., deposit to the pool, you need to have verified KYC, staked at least $1 worth of $FINC, and registration. You can complete the KYC and stake $FINC tokens after the registration.

Guaranteed Allocation Round

If you successfully completed the previous steps, you can invest in USDT on the BNB network within the specified time frame. The maximum purchase amount (allocation) will be displayed on the interface.
In this round, since allocations are pre-secured, users will have a time period to deposit USDT stablecoins. To use your allocation, simply enter the amount of USDT you want to invest in the box above the 'Invest' button and click the 'Invest' button.


First-Come-First-Serve Round

If there are any unsold tokens from the Guaranteed Round, the remaining part will be offered to KYC'd users on a first-come-first-serve basis. Note that for every deal, there will be a minimum staking requirement depending on the deal conditions which will be announced a minimum of 1 day before the FCFS round and will be displayed on the UI.
As the unsold tokens will be offered to firstcomers, it's strongly recommended that users who want to participate ack quickly. Although there will be a maximum purchase amount, these rounds tend to fill up quickly due to high demand and limited resources. You can see your allocation on the 'Remaining Allocation' part on the project's sales page.

However, note that there will be a 10% fee in the FCFS Round. For example, if your allocation in this round is $250 and you plan to use the full amount, your wallet should have 10% more than the amount you intend to invest, which is $275, and you should have some $BNB for transaction fees. When making a purchase, you need to enter the amount you want to invest, and the 10% fee will be automatically calculated and deducted from your wallet.

Vesting (Claim) Period
The Vesting Period is where users can claim their purchased tokens based on the pre-announced vesting schedule. Note that in some IDOs, users will have unconditional refund windows. Scroll below to see the refund option details.




Bond Guide

How do I participate in Bonds?
To participate in the Bonds on Finceptor, you need to stake $FINC to get an allocation and complete KYC.

You can refer to the KYC guide and the $FINC staking guide for further information.


Introducing Bonds by Finceptor
Bond is a new way to invest in exchange-listed tokens at a discount with a short-term vesting schedule. The vesting term is linear in unit time (i.e., every second), allowing investors to withdraw their tokens as they become unlocked.
Bond Types

  • Fixed: Sales with a fixed discount rate and a fixed vesting period.
  • Dynamic: Sales with a discount rate ranging from 10% to 20% and a vesting period that correlates with the discount rate, typically between 10 and 20 days.

Fixed Bond
A fixed-term bond is a type of bond where the discount rate and corresponding vesting term don't change over the sale. For example, a bond sale with a 10% discount and a 20-day vesting period, where both the discount rate and the vesting remain unchanged.
Dynamic Bond
A dynamic bond is a type of bond where the discount rate and corresponding vesting term change over the sale. The bond sale starts with an initial discount and corresponding vesting term. As users buy bond tokens, i.e., demand increases, the discount rate and corresponding vesting term decrease linearly.
Example 1: As an example, the bond sale starts with a 20% discount from the current market price with a linear vesting period of 20 days. As demand increases, the discount percentage and vesting period decrease. For example, as the sale progresses, the discount rate decreases to 19% with a 19-day linear vesting, then to 18% with an 18-day linear vesting, and so on, until it reaches a final stage of a 10% discount and a 10-day linear vesting. In this case, the tokens will be sold at an average discount of 15% and a vesting period of 15 days.

Suppose a bond with an initial discount rate of 20% and an end discount rate of 10%. Suppose that 1,000,000 tokens are for sale. If a user wants to purchase 500,000 tokens, the discount rate will be 17.5%. Since the user wants to purchase 50% of the bond supply, the first 250,000 tokens will be subjected to a 20% discount and the remaining 250,00 tokens will be subjected to 1a 5% discount. By averaging those discount rates, the final discount rate will be a 17.5% discount. Then, 17.5 days of linear vesting is applied.
Note that the vesting of the tokens starts at the moment of purchase. As an example, 50% of the tokens will be unlocked in the middle of the vesting.
Benefits
Bonds enable investors/traders to purchase a token at a lower price than the current market value and also provide significant benefits to the project treasuries.

  • Benefits for users: Users can access tokens at a lower price point. Hence, even if the market value stays flat, users can generate returns by simply holding it.
  • Benefits for projects:
    • Facilitating the sale of treasury tokens without creating selling pressure on exchanges. This allows the project to generate cash for its treasury while dispersing selling pressure, contributing to the project's financial strength.
    • Projects expanding their tokens to other EVM-compatible chains could use bonds to generate chain-specific liquidity, enabling an easy way for tokens to be multi-chain.
    • Projects that want to list their publicly traded tokens on DEXes could use bonds to finance the liquidity needed to open liquidity pools in DEXes.
    • Providing financing options for projects seeking to list on new centralized exchanges.
    • Enhancing the project's visibility by attracting new investors and community members.

How Can I Participate in Bond Sales?
To participate in the Bonds on Finceptor, you need to stake $FINC to get an allocation and complete KYC. For every bond, users can see the eligibility requirements on the bond page. For example, users need to stake 2000 FINC tokens across Pre-Staking, DAO farm, Flexible and Locked stakings in total.

Hence, the required $FINC stake may change from one Bond sale to another. Anyone who stakes the required amount of $FINC and completes KYC grants access to the bond sale. In Bond sales, each individual will have a set maximum investment limit. Users can invest any amount they desire as long as it is equal to or below the specified maximum limit.

Then, for every bond sale, connect your Web3 wallet, enter the desired amount up to your allocation limit, and click on the "bond" button to complete the purchase. Don't forget to have $BNB in your web3 wallet for network fees.

Claiming

After making your purchase, you can go to the Claim tab by clicking on the "Claim" button in the upper right of the tab. Here, you can see the amount of tokens you can withdraw over time. By clicking the "Claim" button and confirming the withdrawal from your Web3 wallet, you can withdraw your unlocked tokens to your Web3 wallet and use them as you wish.


Users can accumulate larger allocations either by staking more FINC tokens, staking for longer, or both.

Locked Staking provides the largest allocation multipliers to stakers; however, users' FINC holdings are locked and non-withdrawable for a certain period of time, while Flexible Staking provides unconditional and 7/24 withdrawal option; however, the allocation multiplier is less than Locked Staking.

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