This guide will be the only document you need to understand how the IDO process works on SolRazr for ALL projects.
We have moved to a simplified IDO process, or what we describe as a 1-step IDO process. It combines the various IDO stages such as whitelist application, winners announcement, confirm participation and token sale.
Here is a short video to show how simple the 1-Step IDO process on SolRazr is.
The benefits for the community are:
- Enhanced user experience: Fewer dates and stages to keep track of. Never miss your whitelist winning spot again.
- No unfilled pool: Since participants are depositing funds upfront, the pool is completely filled in the first round. Hence, there will not be a need for FCFS or a second round.
- More IDOs for you to participate in: We will be able to launch multiple IDOs as we will not have to push back on many launches due to the unavailability of slots.
If you still have any questions after going through this article or watching the video, please ask them on SolRazr’s Telegram community, and our helpful community managers will be happy to assist you.
DYOR: Check Project Details
Go to the project page on www.solrazr.com and DYOR. Here you can see very important information including but not limited to project details (USP, team info, investors, tokenomics, roadmap and the project’s social channels), IDO price, IDO allocation size for various SolRazr pools.
Basic Hygiene
- Configure your Phantom wallet: SolRazr supports Phantom and Solflare wallet as of now. Read instructions to set up your Phantom wallet or your Solflare wallet.
- Stake SOLR: IDO participation is open only for those who have staked SOLR. Stake NOW!
- Complete KYC: Please complete your KYC. Check your SolRazr KYC status here.
- Mark important dates: Check the project details page and follow our announcements on Twitter and Telegram for the whitelist, lottery results and IDO dates.
With those out of the way, let’s guide you with the 1-step IDO process.
Participate in IDO
It’s as simple as heading to the project page, connecting your phantom wallet, applying for the IDO by depositing your USDC funds, checking if you won the lottery.
But we know you love to read long guides. So here you go.
1-Step IDO Process on SolRazr — The Guide
Below is the demonstration of how to participate in the IDO.
After you connect your wallet on IDO page at SolRazr’s website https://solrazr.com/, you should see the below screen:-
Note: The screens used in this article are for illustrative purposes only and it’s not an actual IDO screen
Please ensure the following before you click the ‘Participate’ button:-
- Your minimum and maximum allocation will be displayed on the screen. Select the USDC amount you want to participate in the IDO with.
- Ensure that you have the right amount of USDC required to purchase the project tokens up to your desired allocation.
- Complete Social media tasks using your email and wallet address
- Social media tasks are mandatory for the Soil and Seed tier.
- Social media tasks are optional for Sapling, Tree, and Mighty Oak tiers.
- We encourage EVERYONE in ALL TIERS to finish social media tasks to spread awareness about ‘Solrazr’ and ‘IDO project that you are participating in.
Click on participate and Ta’Da, It’s done! You should screen as below.
On Winner announcement day
On the winner announcement day, head to the project page on www.solrazr.com, connect your Phantom wallet and check if you won the lottery.
If you win: Congratulations! Sit back and relax, you will be able to claim the tokens on TGE. You will see a screen as indicated below.
If you don’t win: Hard luck! However, you will be able to claim your USDC back immediately. You will see a screen as indicated below.
Please click on ‘Withdraw Funds’’ to get USDC deposited by you back in your wallet.
Troubleshooting Tips
- If you have difficulty connecting to your wallet at any time, please hard refresh the page and try again.
- For depositing USDC, please pay attention to the minimum or maximum allocation amount for your tier. Kindly ensure that the USDC balance in your wallet is not less than the minimum allowed for the project. You will also need some SOL (recommended amount is 0.004) before you attempt to purchase, or the purchase will fail.
- If, for any reason, your transaction keeps failing, do not panic. Please reach out to us on the SolRazr Official Telegram Community for guidance.
Important Notes
- IDO application duration is 48 hrs. You can deposit USDC anytime during this window.
- KYC is mandatory for all IDOs. We will declare KYC cut off time for each IDO. You can now check your KYC status directly on https://solrazr.com/#KYC by connecting your wallet. We refresh KYC status every 24hrs from Fractal
- All tickets you hold will enter the lottery by default. In case you have fewer tickets and wish to increases your chances of winning, you can increase your ticket balance to 8 by staking 100 SOLR for 8 weeks. If you win the lottery, your tickets will be reduced by half. If you don’t win, you will retain all your tickets.
- Once you win, you will get your tokens on TGE.
- Supported currency: USDC
USDC SPL Token Mint: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
We hope that this information was helpful and the IDO process is more simplified. If you have any feedback or suggestions, drop us a note on Telegram.
Thanks for reading. Meanwhile, check out the SolRazr website, or connect with us on Twitter, Medium, and Telegram.
