Initial Cafe Offerings
An Initial Cafe Offering (ICO) is one of the fundraising techniques used by Cafeswap to bootstrap new innovative projects.
In an ICO, the project gets the BNB, CafeSwap burns the BREW, Participants get their ICO tokens.
To get prepared for the sale:
What to do during the sale:
- 1.While the sale is live, commit your BREW-BNB LP tokens to buy the respective project's ICO tokens. You are purchasing the tokens with your LPs.
What to do after the sale:
- 1.When the sale is complete, claim the ICO tokens you've bought. Your unspent funds will also be sent back to you.
- 2.Done! In the case of oversubscription, you can unstake your remaining BREW-BNB LP tokens.
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 ICO, 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.
The sale will proceed as normal, and all funds contributed will be spent.
Launch your project with CafeSwap Finance, Binance Smart Chain’s growing project and liquidity provider, to bring your token directly to the most active and rapidly growing community on BSC.