Participate in a Live Auction (Mobile)
How to Participate in a Live Auction on flybyLaunchpad via mobile
Step 1: Choose Mainnet
In order to use flybyLaunchpad on mobile, you first need to download your wallet application,
flybyLaunchpad supports so many wallets including Metamask, Coinbase Wallet, Wallet Connect, etc.
In this article, I will give guidance to use flybyLaunchpad with Metamask.
After downloading the application, launch it and go to the suitable mainnet. At the present, Ethereum, BNB Chain, Avalanche, and Polygon networks are supported for IDO, so you can change your network via your wallet to interact with the mainnet-specific. As seen in the image, we choose to utilize the mainnet Ethereum.
Step 2: Open Browser, search flybyLaunchpad
After successfully selecting the mainnet, click on Browser, select the plus icon and search app.flybylaunchpad.com.
Then you are ready to see and interact with the live auction details. As you can see in the picture below.
During a Live Auction, you can see all our information under the “Contract” ring and “Token” ring to start transacting with the contract. While buying, you need to notice some universal indicators across our market offerings, including:
- Amount for sale: Here you will see the total number of tokens that we wish to sell.
- Amount raised: The total amount collected during the auction will be displayed here.
- Min raised: This is the min-raised set by forbitspace, and for the auction to be successful, the total amount of money must be greater than or equal to the min-raised
Step 3: Create a purchase order
You can now make a purchase order after reading all of the above information. As more people commit to Batch Auctions, the overall amount of tokens received by each prior customer will be decreased. So that, after you enter the amount you wish to spend in the “Commitment” field, we will show you the “Maximum token received” you can receive at the bottom, which is computed by dividing the amount you commit by the “Amount raised” and then multiplying by the “Amount for sale”.
After confirming the desired amount, click “Approve” and confirm in the MetaMask wallet for the first time to execute the buy order in the auction using the stable coin payment method (USDT, USDC, BUSD,.. ) to enable the contract to use tokens in your wallet. Then fill in the box “Commit” the amount corresponding to the amount you just approved. For subsequent transactions in the same auction, simply enter the amount you want to pledge in the “Commit” field and press the “Commit” button.
For auctions using the native coin payment method, you just need to enter the amount you want to commit in the “Commit” field and press the “Commit” button.
Note: One wallet address can buy multiple times in an auction.
Step 4: Claim your token
When the time is over or the tokens are all sold out, we will confirm to finalize the auction. If the auction was successful, flybyaunchpad would transfer your FBS token together with any “change” in your original currency. Keep an eye on our social media channels to find out when the auction ends, at this time, come back and click “Claim forbitspace (FBS)” to get 50% of total tokens up to the policy.
Because the FBS token sale policy requires vesting: 50% TGE — 50% after two months. As a result, once the auction ends, you will get 50% of the total tokens purchased. The remaining 50% will be paid 2 months from the first receipt. The time of receipt is when the right time describes The next time to claim.
Noted: For an unsuccessful auction (the amount raised is lower than min-raised), flybylaunchpad will simply return your previously committed tokens without asking you for any fee.
