Buy G-token "in IBO" phase

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 Botโ€™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:

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