The FCFS mechanism
Easier Access â FCFS Allocation and Enhanced KYC for Simplified Entry
Last updated
Easier Access â FCFS Allocation and Enhanced KYC for Simplified Entry
Last updated
Overview
Having launched over 20 Initial DEX Offerings (IDOs), we have reviewed our existing processes and incorporated feedback from our community to enhance the overall user experience.
The First Come First Serve (FCFS) Allocation model is introduced to make token sales more accessible to a broader range of users. This model allows users to purchase project tokens on a first-come, first-served basis without the need to stake IDIA tokens.
Lower Barrier to Entry: This model simplifies the process for new users to participate in sales, contributing to user acquisition.
Capital Raising and Greater Token Distribution: It helps raise more capital for projects and increases the distribution of tokens to a wider user group.
Targeting New User Segments: The FCFS model represents an active approach by Impossible to attract new users in the expansive crypto ecosystem.
Step 1. Open the card with FCFS pool and wait for the purchase period to start.
Step 2. Once purchase period starts, enter an amount less or equal to the maximum of the allowable purchase amount and submit the transaction. The red bar will highilght how many tokens are remaining before the sale is sold out. Hint: You will need to act quickly in order to secure your desired allocation.
Step 3. If your purchase is successful, your amount balanced will be shown.
There will be a countdown or indication of when you will be able to claim your tokens.
Depending on each projects, you will either be able to claim your tokens on this site via a claim button or via another method which will be announced clearly.
