IFO Q&A
Last updated
Last updated
If the BURGER-USDT BLP tokens raised exceed the IFO project target, all excess BURGER-USDT BLP tokens will be returned to users and will be returned when the specific user claim and receives their IFO new tokens when the sale period is complete.
The Math:
The sale will proceed as normal, and all funds contributed will be spent.
The Math:
Once the subscription period is over, each user’s token allocation will be roughly calculated as follows: (Individual committed BURGER-USDT BLP tokens / Total committed BURGER-USDT BLP tokens by all participants) * Total IFO tokens to be sold. *Except any overflow not considered as illustrated above.
You can commit any amount of BURGER-USDT BLP tokens as many or as little as you want to the IFO.
Example - 5x amount of project target committed
Total token target of IFO project
1,000,000
USDT per token
$1
Amount to be raised
$1,000,000
Actual funds received
$5,000,000
Your BURGER-USDT BLP value
$5,000
Your portion of total funds received
0.1%
Your IFO new tokens amount
1000
Cost of your BLP
$1000
BLP returns to you
$4000
Example - 0.5x amount of project target committed
Total token target of IFO project
1,000,000
USDT per token
$1
Amount to be raised
$1,000,000
Actual funds received
$500,000
Your BURGER-USDT BLP value
$5,000
Your portion of total funds received
1%
Your IFO new tokens amount
5000
Cost of your BLP
$5000