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Complete OccamRazer Tutorial — Staking, IDO participation and claiming CED rewards

New to our ecosystem? Not sure where to start? Well look no further than this guide to participating in IDOs, buying OCC tokens, getting OCC staking rewards, and claiming CED rewards! We’ve updated this guide for our brand new interfaces!

Let’s jump in at step one, wallet creation.

Step 1 — MetaMask Wallet Creation

The first step to doing anything in the OccamRazer ecosystem is to create a MetaMask wallet if you don’t already have one. At the moment, we only support MetaMask web3.0 wallets.

Do this by adding MetaMask to your FireFox or Chrome browser. Go to https://metamask.io/download.html, select your OS or browser type, and click: ‘Install MetaMask for <your OS/browser>’. Follow the steps provided by MetaMask to download.

Now that you have added the MetaMask plugin to your browser, make an account. The window to make an account will automatically pop-up once you have added MetaMask to your browser.

If you need help creating a MetaMask account, or troubleshooting the download process, check out their handy FAQs here. Please note, we can’t assist with issues at the MetaMask account creation stage, if you need help here, please contact MetaMask support.

ProTip — Never share or digitally store the seed phrase you’re given when creating your MetaMask account. If you lose this seed phrase, or it’s stolen, any funds in your wallet could be irrevocably lost. We will never ask you for your seed phrase. Neither Occam.fi nor any other entity can assist you if your seed phrase is lost or stolen, it is your sovereign responsibility to ensure its safety.

Step 2 — Go to Occam.fi

Once you’ve set your MetaMask, open the Occam.fi website. Please take a moment to double-check the URL is: https://occam.fi/ and that the page has a valid SSL certificate (lock symbol to the left of the URL).

Once you’re here, you will see the button ‘Razer App’. We will be going through to the OccamRazer interface in further steps, but first you need to ensure you’ve passed KYC and purchased OCC tokens.

Step 3 — Pass KYC

Next, you will need to pass the Know Your Customer, or ‘KYC’, process. This is a legal requirement to participate in IDOs on our platform. KYC is not required if you only hold OCC for staking and CED rewards.

To begin the KYC process, click the burger menu highlighted by the red square in the image above.

Then, click “IDO KYC” if you are a non-US resident or “Accredited US KYC” if you are a US resident. Please note, you will need to have personal documents on hand, including a proof of address, government-issued photo ID, and potentially other documents should your jurisdiction require it. There are certain restricted jurisdictions, please refer to the KYC provider for a comprehensive list.

The KYC confirmation takes anywhere from 15 minutes up to 24 hours in exceptional cases. For most people the KYC process should be straightforward. One of the most important steps is ensuring you get your selfie-picture clear — you might want to use your phone for this step. You will receive an e-mail once you have been confirmed.

If confirmation takes longer than 24 hours, please contact us via this dedicated Google form: https://forms.gle/gbUVKfKpGngMWzJDA, and we will reply promptly.

Please do not contact the KYC providers with issues, it will take longer to deal with your case than contacting us about this step directly.

When prompted, you must enter the Ethereum wallet address that you will be participating in IDOs from. If you enter a different address, it will not be recognised for whitelisting.

ProTip: If you want to participate in an upcoming IDO, do your KYC now! You only have to do KYC once per wallet address, and it is valid for all future IDOs. You may miss out on upcoming IDOs if you do not leave adequate time to complete KYC before the IDO registration period ends.

Step 4 — Buy OCC

Purchase OCC by clicking one of the icons in the red square in the image shown below. We currently have trading pairs on UniSwap, Bitcoin.com Exchange, SushiSwap, Bitrue, Gate.io, MEXC, and more! If you purchased via a CEX, don’t forget you will have to transfer the OCC to your MetaMask.

Purchasing via Uniswap allows you to automatically add the purchased OCC tokens to your MetaMask.

We will look at how to buy OCC on UniSwap here. Click the Unicorn logo that is highlighted with the red square in the screenshot below.

Once Uniswap opens, click “Connect Wallet” and exchange a crypto asset of your choice for OCC. Follow the steps in this video if you’re unsure how to buy assets on UniSwap.

Step 5 — Connect MetaMask to OccamRazer

Now you’re ready to connect your MetaMask to OccamRazer. To do that, click on “Razer App” on our website, or type in “https://razer.occam.fi” into your URL bar.

Now, you can connect your MetaMask. Opening the OccamRazer page can result in a couple of different scenarios, depending on your browser, cache, etc.

If a MetaMask window automatically opens in the top right corner when you arrive in OccamRazer, type in your password, click “Next”, then click “Sign”.

It is possible there will be no MetaMask window pop up. In that case click “Connect MetaMask” as outlined in red — in the screenshot below. Login to your wallet and then click “Sign” as above.

Step 6 — Stake your OCC

In this step, you need to stake the OCC you bought. You can stake your OCC prior to passing the KYC process. To stake your OCC you must first Connect your MetaMask, which is described in Step 5.

To start, click on the “OCC Panel” or “Go to staking” — highlighted by the red squares in the screenshot below.

Now click the “Stake OCC” button — highlighted with a red square in the image below.

Input the amount of OCC you wish to stake and click “Stake”. You can also click ‘Max’ to stake all of your available OCC.

A MetaMask window will pop up. Click Confirm.

If you do not have enough Ethereum as gas to complete the staking transaction, the Confirm button will be greyed out like in this picture.

Add more Ethereum to your MetaMask if required and finish the process. Once you have staked OCC and passed the KYC, you can register for an IDO.

Once your transaction has been confirmed on the Ethereum blockchain, you will see both the pop-up window congratulating you for staking, as well as MetaMask transaction confirmation in the bottom right corner.

Step 7 — Registration

To register for an IDO, you must wait until the registration is opened for a specific IDO — announced in our social media channels. Once that is done, you will be able to click on the “register button”, highlighted in the red square in the screenshot below.

If the registration has not yet opened, the register button will say “Register soon” in the same place as the register button.

Once Registration is opened — Click “Confirm Registration” and you’re set! Please note — if you register and you are whitelisted, you may have to observe a cool-off period according to your tier even if you don’t participate in the IDO.

Step 8 — Participate in the IDO!

Finally, you’re ready to participate in the IDO. Approximately 24 hours before each IDO, a whitelist of all participants and their participation wave will be posted in our Telegram Announcement channel.

To view the results, connect your MetaMask to “razer.occam.fi” and hover your mouse over “In queue” — which is highlighted with a red square in the visual below. This is only possible once the registration period has ended, and the whitelist has been published.

Once it is your time to participate, you will be able to click the Buy button — highlighted with a red square in the screenshot below.

Once you click the ‘Buy’ button, which will be purple when it is clickable — a pop up box will appear that is visible in the image below.

Select the amount of tokens you wish you buy and click the purple button highlighted with a red square — in the image found above. Once you click the button, after you select the amount of tokens — a MetaMask pop up window will appear that will require confirmation of the transaction. Click the ‘Confirm’ button found within the MetaMask window — to buy the tokens.

Once the transaction has been confirmed on the Ethereum blockchain, a window will open that is visible in the image below.

Step 9 — Claim your IDO tokens!

This part of our tutorial only addresses the process of claiming ERC20 tokens. Keep in mind that sometimes a portion of the IDO tokens are locked. This is always clarified in IDO announcements, so make sure to check — so there is no confusion.

If a portion of IDO tokens are locked, this means you can claim a portion of the tokens almost immediately after the IDO, and the rest of the tokens via the same principle — at a later time. If you are aiming to save on gas fees, it is best to wait until all tokens are unlocked, and then withdrawing them all at the same time.

Make sure to read IDO announcements carefully, some projects distribute their tokens on the BSC network in order to help their supporters save on gas fees. These tokens are distributed automatically, and you do not need to do anything to claim them — except enable the BSC network in your MetaMask.

To claim your unlocked ERC20 IDO tokens — open OccamRazer and scroll down until you see ‘Active’ and ‘Finished’ Tabs — which are highlighted in the image below.

Click on the ‘Finished’ tab. This will open a list of successfully performed IDOs. Find the window of the IDO in which you participated. Click on the ‘Detailed Information’ button which is highlighted with a red square in the image below.

Once a new window opens, click ‘Claim’ — which is highlighted with a red square.

Confirm the transaction via the MetaMask pop-up.

Wait for the transaction to complete.

Once you see this ‘Congratulations’ it means that the transaction has been completed and the tokens you purchased via the IDO are in your MetaMask wallet.

The waves mechanism

All registered participants are placed into “waves”. The waves concept is implemented into our launchpad for two purposes. The first purpose being — the elimination of so called ‘gas wars’ in which users providing the most gas fees get to participate in the IDO whilst those that cannot afford extremely high gas fees get left out. This is extremely unfair and non-egalitarian, and contrary to our vision.

The second purpose of waves is to provide equal access to IDOs. There is a great amount of interest for IDOs and the project’s allocations provided for IDOs are not high enough to provide everyone with a fair share. That is why for each IDO — users are randomly placed in waves, wherein the users can only participate during their individually assigned wave. Almost all IDOs get sold out before the fourth wave, whilst there are twelve waves — which means some users do not get to participate in the IDO, even though they have registered. However, over time, this is balanced out, as the users are randomly placed in waves — and sooner or later a user gets placed in the first, second or third wave, which virtually guarantees participation.

The first wave, in which IDO participation is guaranteed — lasts for 1 hour. Every wave after the first wave lasts for half an hour.

A user can only participate in an IDO during their assigned wave. To view your wave and the time schedule of your wave, hover over “In queue”.

Tier 1 & 2 OCC stakers are automatically placed into Wave 1 — as they receive guaranteed allocation. All other users with tiers 3–5 are randomly assigned to their wave. Users in tiers 3–5 can also be placed into wave 1!

The random draw mechanism

The wave assignment is performed with a fair system we call the random draw mechanism. The random draw mechanism performs the random assignment according to the so-called ‘participation multiple’ which each user possesses — according to their tier. The higher the participation multiple — the higher the chance to get assigned to wave 1, or close to wave 1. This consequently results in a higher chance to participate in an IDO. Participation multiples are often colloquially called ‘tickets’.

Occam.fi users in Fuji tier have their stake weighted for participation multiples. This means a Fuji tier user with 1000 OCC staked receives 4 ‘tickets’, a user with 1250 OCC staked receives 5 ‘tickets’, and a user with 3850 OCC receives 15 ‘tickets’ — which is the maximum number of tickets a user can have. The user in the Fuji tier does not have to stake 250 OCC tokens in increments to receive each ‘ticket’. This is calculated automatically upon the user’s entry into the random draw mechanism.

Users that are in tier 4 — the Elbrus tier, receive 2 tickets, and users that are in tier 5, which is called the Mont Blanc tier — receive 1 ticket.

The random draw mechanism works in the following way: we compile a list of all wallet addresses that have completed the KYC process and applied for a select IDO. We then announce which block on the Cardano blockchain, that is not yet validated, will be used to generate a final list, from the pre-random list. This to-be-validated block is selected so that the validation of the block occurs some 24 hours before the IDO.

Upon validation, the block’s hash is generated. This hash is essentially the block’s name, or designation, and it cannot be known or foreseen — until the moment it is validated.

The pre-random list is then ‘processed’ by the software written by Occam.fi developers according to the hash, or to be exact — according to the letters, numbers and their order within the hash that represents the block’s “name”.

When the processing is completed, the final list is generated with all the participants that have won an entry into an IDO. The “commitment” of the random generation to a block’s hash enables our users to check the random list generation themselves when the block is validated, and it also enables that no one can affect the outcome of the final list generation, because of how the Cardano blockchain works.

The software’s code that is performing the operation on the pre-random list and generating the final list will be published on GitHub or a similar website — ready for public scrutiny and evaluation.

All this ensures that the process is fully random, and that the OccamRazer users, and others, can check the integrity and unpredictable randomness of the software.

OccamRazer users take note: every IDO has its own whitelist with wave assignment and participants that belong in tier 3 to 5 — will almost certainly be assigned to a different wave in each IDO they participate. Luck in past IDOs does not affect future wave assignment.

Step 9 — Claim your CED rewards

Whether or not you have participated in an IDO, you are, in most cases, entitled to a CED reward.

This depends entirely on the project that is launching on the OccamRazer launchpad, as the project’s team decides whether or not they will provide the CED rewards, as well as the amount of project’s tokens that will be set aside for CED rewards.

To claim your CED tokens, connect your MetaMask to the OccamRazer interface — as shown in Step 5.

Next, click on the “OCC panel” — highlighted by a red square in the image below.

This will open the OCC panel that has three tabs — ”OCC staking”, “Liquidity Mining” and “Razer Rewards”. Click on the “Razer Rewards” — which is highlighted by a red square in the image below.

This will open the tab visible in the image below. To claim your CED rewards, check the checkboxes that represent CED rewards of individual projects you wish to claim, and click “Claim Selected” button — which is highlighted with a red square.

This will open a MetaMask pop-up window to confirm the transaction — as seen in the image below. To confirm the transaction, press “Confirm”. If you do not have enough Ethereum to complete the transaction — the “Confirm” button will be greyed out as seen in the image below. Add more Ethereum and press “Confirm” to claim your CED rewards.

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