IFO FAQ
What is IFO?
IFO (Initial Fork Offering) is the event in which you can buy brand new tokens using FRA token
Where can I participate in IFO?
Please visit the Launchpad page on FairySwap. https://fairyswap.finance/launchpad
How do users participate in the economic development of Poseidon?
Poseidon will have the first IFO with FairySwap, the first DEX on Findora, on June 15th. Users who participate in IFO will get high initial returns. Besides, we also prepared the airdrop for participants. 200,000 DON will be available to token holders via our airdrop, while half of it is used for the first IFO airdrop. Once you finish the subscription, you will be eligible for sharing the 100,000 DON reward! To win the prize, you have to subscribe a certain amount of DON. Participants will be able to subscribe DON between June 22 - June 24. There will be 2,000,000 DON for subscription in the first phase, which means only a limited number of users can enjoy the initial returns and the rewards. Notice: You need to stake 100 LP tokens to get the qualification for subscription. 100LP≈223 FRA+45 FAIRY≈
Is there limitation for subscription？
We have set three subscription levels for users : 1,000, 5,000 and 10,000. You can choose one of those amounts. Depending on the amount of DON you subscribed, you will be rewarded accordingly.
How to get Fairy token？
Fairy Token contract address: 0xccc94d78b01d94330f25f7b8e827ef24249132de Buy $FAIRY only on FairySwap. https://medium.com/fairy-swap/tutorial-how-to-stake-fra-to-claim-fairy-for-android-iphone-user-1eef6556bad2
Can I redeem the LP token？
Tokens can be withdrawn anytime before launch. As much FRA can be added as desired in exchange for sale tokens. However, FRA tokens are added during sale cannot be withdrawn. After subscription is complete, one can claim tokens and withdraw the FAIRY-FRA LP and over-subscribed FRA staked.
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