IEO process

Step 1: Learn about upcoming IEOs (Initial Exchange Offering)
The easiest way to learn about upcoming IEOs is on our website. Follow “crowdfunding” on latoken.com and check the list of the latest IEOs.

The project pages on our website include all essential information on current and upcoming projects. You can dive into the product, the team, the roadmap, understand their business models and a lot more, making your IEOs discovery process easier than ever.

Another way to learn about upcoming LATOKEN IEOs is on our socials. Keep up with our Twitter and Telegram for announcements.

Step 2: Find a project and apply for an allocation
IEOs rounds can differ in terms of timing, price for the tokens offered, and have different types of rounds, so it is important to review the terms of participation.

You can participate in IEOs rounds immediately after registration on the exchange and with sufficient wallet balance (if all your funds are in the spot account, be careful; the necessary amount to buy IEOs must be in your wallet) to purchase the minimum number of tokens set for purchase. 

Round with allocation:

There are two major types of terms that projects use: 

1. Requires investment capital to be frozen: For these projects, you are required to freeze LA in the staking to be eligible to participate in the allocation. This is typically used by most projects
2. Open to all exchange users: Each exchange user can receive 1 allocation change (note that fixed and flexible stakes do not participate). This is used for some projects
   
   

Different projects may have different terms of participation. For most projects, it is necessary to freeze the required amount of LA in the stacking in order to be able to participate in the allocation or receive an additional allocation. A number of projects may have special conditions in which any exchange user can receive 1 allocation chance. The duration of the token freeze is 2 weeks.
Fixed and flexible stakes do not participate.

Each project will specify how much frozen LA is required for one chance of allocation, and you may freeze a multiple of this amount for multiple chances. 

Round without allocation:

You can buy any amount of tokens you want, but please note that there is a minimum amount of your purchase. The IEO ends after the sum of all purchases reach the target.

Step 3: Complete KYC verification (Know Your Customer)

You must have a completed account verification procedure in order to successfully receive project tokens.
Please see instructions. The average time to complete the verification process is several hours, so please allocate ample time for this process ahead of the IEO allocation. 

You can check your KYC tier or start the verification procedure on the web and mobile version of LATOKEN. You will need to reach the 2nd verification tier to got IEO tokens, otherwise your participation will be withdrawn and your funds will be refunded.

Step 4: Receive tokens allocated to IEO participants 

Round with allocation:

    Oversubscription (more allocations placed than available) 

Where there are more allocations bought than available, allocations will be distributed by lottery. The quantity of your allocation will be the lottery chance to win times your allocations demanded. All remaining money will be refunded. 

Example:

• IEO project “Launch” announces that LATOKEN users are eligible for 1 allocation chance with 100 LA, with a maximum of 20 allocation chances per user. Each win allocation = 50 “Launch” tokens
• You have 2000 LA staked, so have 20 allocation chances (1 per 100 LA, up to max of 20)
• Each of your allocations has a chance to win in the lottery. For example, you could win 18 allocations (though that could be higher or lower, depending on your luck). This would result in 900 “Launch” tokens (18 x 50)

    No oversubscription 

Where there are fewer allocations demanded than available, every user participating will receive the number of tokens for which the order was placed. 

Round without allocation:
Every participating user with 2 KYC tier or higher will receive the allocations they applied for.

Step 5: Enjoy your tokens!

If  you have any questions, please ask them in one of our chats:
→ support

The team is always happy to help!