Buy G-token "in IBO" phase
Last updated
Last updated
Please read here to understand about IBO phase.
It is important to understand that, if a user wishes to buy bot's G-token when a bot is in IBO phase, the requirements are:
He/she must stake to bots in IBO phase, and become "pioneer stake users" to contribute to bots' initial fund. So that he/she will have the privilege to buy bot G-tokens. The amount of G-token that he/she can buy will be auto-computed by smart contracts based on his/her staking amount.
G-token price in IBO time is commission-free and at the cheapest price (aka, "IBO price"). After the IBO time, the G-token price will be higher, depending on bot settings.
He/she must have VICS to be able to buy G-token.
Please read here to understand more about bot tokens.
In the following example, the sToken is sUSDT, the DABot name is Gemini, the G-token name is GemGToken, and the C-token name is GemsUSDT. In the details of bot, it shows:
Gemini is now in-IBO so it is denoted with IBO END [countdown-timer]
The Max supply ofGemGToken is 1000, in which 600 is for IBO supply (hence another 400 will be for "after IBO").
In 600 GemGToken for IBO supply, bot already circulated 300 GemGToken and there is still 300GemGToken available for the community.
The IBO price of each GemGToken is 10 VICS, in order to buy this, users must stake first and then users will be able to buy G-token at the IBO price and commission-free.
Users must go through Stake to bot "in IBO" first, then he/she can continue with the following steps to buy G-tokens.
Step 1: check again to see the max amount of G-token that is buyable for a selected bot, this number is auto-computed (by smart contracts) based on your staking. In this example, you can buy maximum 50 GemGToken
Step 2: click the (+) button to buy G-token
Step 3: for the 1st time you buy Bot’s G-token, you will be asked to unlock your wallet, please click Unlock wallet.
Input wallet password, and click Confirm to finish the unlock operation.
Step 4: Buy G-token, you can do as follows:
Enter the amount of G-token you want to buy, the system will auto-compute the cost you need to pay(in VICS token). In this example, the price is 10 VICS/per G-token, so you will need to pay 250 VICS to buy 10 G-token. The commission fee is 1% but you do not need to pay this commission fee because you are buying G-token "in-IBO" phase. However, if users buy G-token "after-IBO", then users will need to pay commission fee.
OR, enter the cost (in VICS token) that you want to pay to buy G-token. The system will auto-compute the amount of G-token you can buy based on the cost (VICS) entered
Click Confirm button on the screen above
On the next screen, input your wallet password and click the Confirm button to finish the transaction to buy G-token
The total amount of VICS that all users have spent to buy G-token of this bot will be shown in the "Total deposited" (VICS) when viewing bot details.
Understanding more about Vaults for G-tokens.
Basically, all users' G-tokens are kept in Vaults to be computed for, and distributed rewards. Later, users can:
Or, redeem G-tokens.
Step 5: Check the amount of G-token that you had bought. After buying G-token, the amount of your G-token is displayed on the screen as below. Click the button Vault to see your G-tokens are in VIP Vault.
