The first project IDO on Falcon 9 is mission-ready and we’re close to starting our countdown to launch. This step-by-step guide details how to participate in F9 IDOs.
Falcon 9 is going to implement a simple stake-register-purchase protocol for launches. In short, to participate in our IDOs you will have to:
- Buy your desired $F9 tier
- Stake your $F9 until a certain deadline
- Register to the IDO whitelist
- Purchase your allocation with ETH
Transparency is our priority. Therefore, we put together a detailed 9-step process to guide you through the mechanics of Falcon 9.
Step 1: DECLARE YOUR TIER
Buy $F9 tokens from Shibaswap or Uniswap. #useshibaswap
*Research the tier levels on f9launch.com, on our “Tiers Revealed” Medium article, or on our #Spacepaper. A minimum quantity of tokens is required to achieve each of 5 different tiers, ranging from (1X) Terran Pleb to (420X) Starlord. Higher tiers guarantee a higher weighted multiplier for your token allocation during an IDO.
Step 3: STRAP IN
Stake your $F9 at f9launch.com. You can pay the ETH gas fee (#shibariumfixesthis) just one time and leave your $F9 strapped in so you’re eligible to register for every Falcon Nine IDO that you wish to participate in.
*NOTE: You can stake your $F9 at Shibaswap to dig for woofable $BONE and $F9 token rewards. You can stake your $F9 at f9launch.com to strap in to be ready for liftoff. But one stake does not count towards the other. The exact same tokens cannot be staked in both contracts simultaneously.
Step 5: STAND BY FOR MISSION CONTROL
Calculations need to be done at Mission Control. Each tier’s token allocation is dependent on the pool share calculation. The pool share depends on each particular IDO’s amount of registrants for each tier. After the pool share calculation is complete, each tier’s token allocation can be broadcast. The proportion between each tier’s allocation quantities are according to each tier’s weighted multiplier (Starlords are able to purchase 420X as many tokens as Terran Plebs).
Step 6: FLYING SHIBANAUTS
Attention ShibARMY! 9.99% of every IDO is available exclusively to $SHIB holders. The $SHIB tiers range from 1X Shiba Explorer to 10X Shiba Voyager. These weighted multipliers are the same as in the $F9 round (the 10X tier for $F9 staking — MoonboyOSHI — gets the same amount of tokens as the 10X tier for $Shib staking — Shib Voyager).
This round is FIRST COME FIRST SERVE with a capped number of entries to ensure a fair allocation of IDO tokens for those that enter successfully in time.
Prior to an IDO, Mission Control will calculate and announce the $SHIB tier requirements for that specific IDO. These will be set so that the cost of your $F9 stake will be approximately 1/3 of the price in USD of a $SHIB stake to purchase the equivalent amount of IDO tokens. This means $SHIB tier requirements are fluid from IDO to IDO, rather than static (as outlined in our #Spacepaper V1 — wait for an updated version).
Example:
MoonboyOSHI and Shib Voyager both carry a pool weight of 10X.
Today’s (10/15) $F9 price is 0.027 USD.
To qualify as a MoonboyOSHi you need to have at least 99,999 $F9, roughly 2700 USD. As purchasing IDO tokens via $F9 will be approximately 1/3 the price in USD vs purchasing them via $SHIB, a Shib Voyager will need around 324,000,000 $SHIB (8100 USD, at a current $SHIB price of 0.000025 USD) in order to purchase the same amount of IDO tokens.
*NOTE: Successful entries will have a 24 hour window to *initiate launch sequence* for the IDO.
*NOTE: Each wallet address can *initiate launch* with $F9 OR *initiate launch* with $SHIB.
Step 7: IGNITE:
Purchase tokens. Go to f9launch.com and swap ETH for the amount of the project’s token you want to purchase, up to your tier’s token allocation, at a cheaper IDO presale price than the public sale listing price.
Step 8: LAUNCH
Liquidity is added to Shibaswap and the public sale is launched. Liquidity is auto-locked for every launch on Falcon 9.
Step 9: POST LAUNCH PROCEDURE AND REPORT
Mission Control takes 1% of the IDO’s raise and uses it to buy-and-burn $F9 as well as transfers another 1% of the IDO’s raise to the Falcon 9 Insurance Treasury.
We will study the outcome of the launch and learn from it. We can tweak, adjust, or change any details of the launchpad contract between Falcon 9 IDO’s. Every launch will be optimized based on the lessons learned and feedback received.
Make sure to familiarise yourself with this process. Any questions, please comment below or get in touch with our dedicated teams on Twitter or Telegram.
Next Medium will be our first IDO announcement.
