🌒Initial HoneyFarm Offering
IHO
Initial HoneyFarm Offering is a gateway for launching projects and a chance to find new gems to HoneyBeez!
Buy new tokens using MOON-BNB/HONEY-BNB/BEAR-BNB LP tokens.
The project gets the BNB, HoneyFarm burns the MOON, HONEY and BEAR. You get the tokens.
You will need MOON-BNB/HONEY-BNB/BEAR-BNB LP tokens to participate.
Tokens equating to half of the total funds raised will be burned forever: For example, if the full $1,000,000 USD allocation is raised, then $500,000 of native tokens will be burned.
IHO is a fork of PancakeSwap's IFO. You can find more details here.
How to participate in an IHO
Before IHO:
Buy MOON and BNB tokens
Get MOON-BNB LP tokens by adding MOON and BNB liquidity
During Sale:
While the sale is live, commit your MOON-BNB LP tokens to buy the IHO tokens
After Sale:
When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
Done! In the case of an overflow, you can unstake your remaining MOON-BNB LP tokens.
If you decide to acquire MOON-BNB LP tokens before the IHO starts, you can stake them in the MOON-BNB Farm to earn MOON token rewards while waiting for the sale.
While you are holding MOON-BNB LP tokens you will be at risk of Impermanent Loss.
What is the “Overflow” sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IHO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
It's possible to receive no tokens at all: If you commit a very small amount of LP tokens compared to the total amount committed by others, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold. In such a case, you will still be able to reclaim all the MOON-BNB LP tokens you committed.
What happens if the IHO doesn't raise all the funds targeted?
The sale will proceed as normal, and all funds contributed will be spent.
Want to launch your own IHO?
Launch your project with HoneyFarm, Binance Smart Chain’s rising star project and liquidity provider, to bring your token directly to the most active and rapidly growing community on BSC.
Last updated
