⚡Participate in IMO
How to Participate in an Initial Moon Offering (IMO)
Participating in an Initial Moon Offering (IMO) can be an exciting opportunity to buy new tokens from interesting projects. Here's a step-by-step guide to help you participate in an IMO.
Important Notice
Moonpad is a self-serve platform not being actively monitored for potential scams. Anyone can create a token and IMOs.
It is your responsibility to do research on the offered IMOs and understand mechanics of an IMO. Projects could easily be dishonest and run away with your money.
Visit the project's website, Twitter, Telegram, and other social media links provided on the IMO page for more information.
Ensure you are participating only through the official channels to avoid scams or phishing attempts.
Step 1: Preparation
Wallet Setup: Ensure you have a wallet that supports the IOTA EVM network (Metamask or similar). You will need IOTA tokens in your wallet to participate.
Research: Familiarize yourself with the project offering the IMO. Visit the project's website, Twitter, and other social media platforms to understand their goals.
Step 2: Access the IMO
Navigate to the IMO Page: Open your web browser and go to the IMO page of the project you are interested in.
Connect Wallet: Click on the wallet connect option and make sure your wallet is connected to the IOTA EVM network.
Step 3: Understand the IMO Details
Token Information:
SoftCap: The minimum amount of IOTA that needs to be raised for the IMO to be successful.
Max per Wallet: The maximum amount of IOTA you can commit.
Token Price: The price of the token in the IMO.
Listing Price: The price at which the token will be listed after the IMO.
Liquidity: The percentage of funds that will be locked in liquidity.
Lock Period: The duration for which the liquidity will be locked.
Step 4: Participate in the IMO
Select Amount to Commit: Decide how much IOTA you want to commit to the IMO. Note that there is a maximum amount that project's set.
Enter Amount: Input the amount of IOTA you want to commit in the designated field.
Commit Funds: Confirm the transaction to commit your IOTA to the IMO. Ensure you have enough IOTA in your wallet to cover the transaction fees as well.
Step 5: Monitor the IMO
Track Progress: Monitor the progress of the IMO on the IMO page. You can see the amount of IOTA raised and other participants' commitments.
Stay Updated: Keep an eye on announcements from the project team for any updates or changes.
Step 6: After the IMO
Token Distribution: If the IMO is successful (SoftCap is reached), you will be able to claim the tokens on the IMO page. If the SoftCap is not reached, you will be able to claim your committed IOTA back.
Liquidity and Trading: Once the IMO period is over and the liquidity is locked, everyone can start trading the tokens based on the listing price.
By following these steps, you can successfully participate in an Initial Moon Offering and become an early investor in new and promising projects.
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