Tutorial: How to Participate in IDOs on LuaStarter

This tutorial will guide you through the steps of participating in IDOs on LuaStarter from A to Z.

IDO status: upcoming

Step 1: Log into LuaStarter & activate your profile

1.1 Go to LuaSwap Interface

1.2 Connect your wallet via “Metamask” or “WalletConnect”

Step 2: Qualify for a tier

This is an optional step. If you are not qualified for any tier, you may still be able to participate in the IDO, but your allocation can not be guaranteed as priority will be given to tier members.

2.1 Click on the IDO pool that you want to participate in.

2.2 Check the IDO opening time and details of the IDO project. (the IDO opening time will only be shown once the smart contract is complete)

2.3 Click on “Portfolio” on the side menu to check how much LUA you have that can be counted for tier classification.

  • For LUA added in LUA-TOMO(E) liquidity pool:

LUA equivalency for tier classification = LUA in the liquidity pool x 2

  • For LUA staked in LuaSafe:

Lua equivalency for tier classification = LUA staked in LuaSafe

2.4 To find your current tier, you’ll need to calculate how much LUA you have added into the designated protocols, and compare it against the tier requirements. If you’d like to be qualified for a higher tier, click on “LuaSafe” or “Pool” on the left side menu to add LUA into the eligible protocols, or click on “Swap” to buy more LUA tokens if needed.

Note: Regardless of the network of the IDO token, LUA tokens must be added in LuaSafe or LUA-TOMO(E) pool on TomoChain or Ethereum at least 7 days before, and remain held until the IDO opens to be qualified for a tier, and have a secured allocation.

IDO status: open

Step 3: Commit to buy IDO tokens

3.1 Once the IDO is open, you can find the IDO project in the opening pools.

3.2 You can start to commit the accepted cryptocurrency to buy the IDO tokens before the indicated deadline. You can commit as many times as you like, and any amount between 0 and the maximum allocation, which is proportional to the minimum guaranteed allocation.

The overcommitted amount will be filled on a first-come, first-served basis.

3.3 Sign the transaction on your wallet.

Step 4: Claim the IDO tokens

4.1 When the IDO pool is open for claiming the IDO tokens, check how much you can claim and click on “Claim your reward”.

4.2 Sign the transaction on your wallet and you will receive your IDO tokens, and unspent committed tokens (if any).

4.3 Scroll down the page, click on “Add token” button to add the IDO token into your wallet so you can view and manage it.

Congratulations, you have successfully bought, claimed, and added the IDO tokens.

1 Like