How to participate in IGOs on Seedify?
It is great that you have decided to join the revolution of blockchain gaming with Seedify!
Before you start joining IGOs (Initial Game Offerings) at Seedify, it would be better for you to know every step of the process. Therefore, we have covered it all for you in this guide!
KYC process
First thing first, we want to share that each Seedify IGO participant needs to do KYC with a third-party app we are using called Blockpass, so everything is according to regulations.
This guide here, will be there to help you with your KYC verification process. All steps are included with pictures and explanations.
Bear in mind, certain countries have regulations that we need to adhere to. Nations that ban their citizens from participating in initial token offerings, unfortunately, can not participate in Seedify IGOs either. This is so the service we provide is according to laws and regulations.
For most parts of the world, initial offerings are legal; so after you are done with the identity verification, you are ready to participate in future IGOs according to your tier and SFUND holdings!
Deciding your tier
Seedify has a tier system where the more SFUND you have, the higher sizes of tokens you get from Initial Game Offerings. To learn more about our updated tier system, you can click here.
Certain tiers also have additional benefits, such as participating in private rounds and seed rounds.
Buying SFUND
If you don’t have any SFUND yet, you can buy it from exchanges like Pancakeswap and Kucoin. In order to participate in IGOs, the wallet you provide in the KYC process needs to be the same wallet you interact with our launchpad smart contract. Therefore, if you are using a centralized exchange like Kucoin to buy tokens from, you need to then transfer your tokens to a wallet like Metamask or Trustwallet first.
For best practices and security, a cold wallet (Ledger, Trezor, Safepal) connected to your Metamask, is recommended to store your tokens, and interact with the blockchain.
Staking your SFUNDs
Since the launch of our Staking and Farming pools on in our Dashboard from October 25th. Staking is now mandatory for all holders to participate in the IGOs.
Your SFUNDs must be staked until 24 hours prior to the IGO to be considered for the whitelist because snapshots for each IGO are taken 24 hours prior to each IGO.
Seedify locked staking will have lock period options for single token Stake ($SFUND):
- 7 days — 5% APY
- 14 days — 11% APY
- 30 days — 25% APY
$SFUND/$BNB LP Providers would need to stake their Pancakeswap LP tokens in the Farm section of the Dashboard.
To get a better idea of the potential returns for each lock epoch, stakers will be able to use the built-in calculator to compare the APY for each lock period based on the amount they’re staking. Please check this article with a step-by-step guide to stake your SFUNDs.
IGO day
When the IGO day arrives, there are some simple actions that SFUND holders should perform in order to be a part of it. Check the steps here:
1- Go to https://launchpad.seedify.fund/
2- Connect your wallet to the Seedify launchpad. (Metamask or WalletConnect)
3- Choose the pool of the project that will be “Initial Game Offer”
4- Click on the “Buy Tokens” button on the opened page
5- Specify the amount of your swap according to your max allocation, and confirm your swap.
6- You have completed your IGO buy.
7- The tokens will be available to you at the moment of token listing either by airdrop or you can claim on the claim platform (claim.seedify.fund)
Congratulations!
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