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

IEO rounds may vary in timing, token pricing, and round types. Therefore, it is essential to carefully review the terms of participation before proceeding.

Participants can join IEO rounds immediately after registering on the exchange, provided they have a sufficient wallet balance. Please note that if your funds are primarily held in your spot account, you should ensure the required amount for purchasing the minimum token quantity is available in your wallet.

Round with allocation:

Projects generally operate under two primary types of participation terms:

Requires Investment Capital to Be Frozen:
In these projects, participants must lock (or "freeze") a specified amount of LA tokens in staking to qualify for allocation. This requirement is common among the majority of projects.

Open to All Exchange Users:
Some projects allow all exchange users to receive a single allocation opportunity without the need to freeze tokens. However, fixed and flexible stakes do not qualify for participation under these terms.

Key Participation Details:
For most projects, freezing the required amount of LA tokens is essential to secure an allocation or to increase the chances of receiving additional allocations. The standard freeze duration is two weeks.
Projects may specify the required frozen LA amount for one allocation opportunity. Participants can lock multiples of this amount to increase their 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 the 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!