Fantom Crowdsale Participation Guide

Michael Kong (FANTOM Foundation)
3 min readJun 14, 2018

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Important notice

Your ETH Address MUST be an ERC-20 compatible wallet. Do not send from an exchange or smart contract. Failure to do so may result in token loss.

Please contribute ONLY to the address linked to on the Fantom Foundation website (https://fantom.foundation). The text “address” will link to the Crowdsale contract address and source code on Etherscan. THIS IS THE ONLY OFFICIAL FANTOM FOUNDATION WEBSITE.

FANTOM WILL NEVER POST AN ETH ADDRESS ANYWHERE ELSE. TELEGRAM ADMINS, EMAILS, OR OTHER MESSAGES PURPORTING TO SHOW THE CROWDSALE CONTRACT ARE NOT TO BE TRUSTED.

Summary

  • Crowdsale commences 15 June 2018, 9am GMT + 0.
  • Only whitelisted addresses from participants who have passed AML/KYC and have their ETH addresses inside the Crowdsale contract will be able to participate. To check if your ETH address has been whitelisted, please check this guide here.
  • Take your time. The contribution cap for each whitelisted address is 1.5 ETH in the first 24 hours. After 24 hours, the contribution cap is lifted, meaning all remaining FTM will be sold at a first come, first serve basis.
  • The Crowdsale will conclude when all FTM tokens are sold, or after 22 June 2018, 9am GMT + 0, whichever occurs first.
  • Unsold tokens will not be issued, which will simply reduce the total supply.
  • Tokens will be locked until they are unlocked at FANTOM’s discretion.
  • Recommended gas limit: 200,000
  • gas price: During the first 24 hours, submitting a transaction with a reasonable gas price should ensure the transaction gets through. After the cap is lifted, please refer to https://ethgasstation.info/ for an appropriate gas price to set.

Offical Sources

Please only refer to the following channels:

Offical Fantom Crowdsale Address

The link to the address for the Fantom Crowdsale contract will be posted on https://fantom.foundation. Please ensure beforehand that you check an address in Etherscan to ensure it has exactly the same verified contract code present on FANTOM’s Github repo.

How to Contribute

To contribute, please send a transaction to the Crowdsale contract address from 15 June 2018, 9am GMT + 0 using any Ethereum wallet client you like.

Examples include: MyEtherWallet (MEW), Parity, Mist and Metamask.

We recommend you set the following parameters accordingly:

  • Recommended gas limit: 200,000 (sending less gas may result in a failed transaction).
  • gas price: During the first 24 hours, submitting a transaction with a reasonable gas price should ensure the transaction gets through. After the cap is lifted, please refer to https://ethgasstation.info/ for an appropriate gas price to set.

Note that if you send a transaction earlier than that time, it will rejected by the smart contract and your ETH will be refunded, minus any gas costs.

Example: Using Parity (Tested on Ropsten Network)

  1. Open Parity UI.
  2. Navigate to “Accounts”
Click on the “Accounts” tab

3. Click on an account

4. Click “Transfer” on the top right

5. Put in the Crowdsale contract address and how much to contribute:

6. Select “advanced sending options” and click “next”.

7. Set your gas quantity to at least 200,000, and a Gas price of what you feel comfortable with.

8. Click “next” and sign your transaction. It should appear soon after on the blockchain.

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