🐀How to participate in an IDO - Step-by-step

Learn here how to participate on an IDO, step-by-step.

Step 1 - Connect Wallet

Go to the Invest Page, on our Impossible.Finance website, and connect your Wallet.

Step 2 - Verify KYC

If you have not done so yet, verify your Wallet by passing our KYC process.

You only need to pass KYC once!

You can use the SAME wallet on any future IDOs without having to pass KYC again.

Step 3 - Choose IDO

On the Invest Page, select the IDO you want to participate in, under Live Projects.

Step 4 - Stake IDIA/vIDIA

During the Staking Period, choose how much IDIA/vIDIA you want to stake & click on the Approve button.

Once you've approved the transaction, you need to click the Stake button & approve it once again on your wallet.

Please note that even though you CAN unstake your IDIA/vIDIA Tokens at any time during the Staking Period, your Allocation Weight WILL BE REDUCED if you do so (check this article for more info)

Step 5 - Purchase Tokens

When the Purchase Period is ongoing, you can purchase any amount of Tokens less than or equal to the allocation that you got from the Staking Period. Just as on Step 4, select the amount you want to Purchase, & click on the Approve button.

Once you've approved the transaction, you need to click the Purchase button & approve it once again on your wallet.

Any allocation that you do not buy during Purchase Period is forfeited & cannot be purchased later.

Step 6 - Claim Tokens

Once the Claim Period starts, you can then claim your purchased Tokens!

Just click the Claim button, approve the transaction on your wallet & add the Token Address to your Wallet.

Sometimes, you won’t need to claim any tokens, as they will be sent/airdropped directly into your wallet.

Step 7 - Manage Participated Projects

You can always go to the manage tab to have an overview of your participated projects and manage those tokens as well as your IDIA.

You can also use the sidebar for quick access if you click on a project row.

πŸŽ‚ VoilΓ‘!

You have now successfully learned how to participate in an Impossible Finance IDO!

Last updated