IDO flybyLaunchpad – Participating in an Auction

How to Participate in the $ FBS IDO on flybyLaunchpad

1.Visit the flybyLaunchpad at: https://flybylaunchpad.com.

2.Click the “Launchpad” button in the top right corner.

https://app.flybylaunchpad.com/#/live

3. Select the option to connect your Metamask Wallet

Step 1: Connect wallet

First, you have to ensure that your wallet is connected to the flybyLaunchpad. This could be done by clicking the “Connect” button at the top-right of the page. flybyLaunchpad now supports many wallets including Metamask, and we also have plans to expand more in the future. At the present, Ethereum, BNB Chain, Avalanche, and Polygon networks are supported for IDO, so you can change your network via your wallet to interact with the mainnet-specificnect.

Connect your wallet

Connect your wallet

When the wallet is connected, start by checking which token belongs to which network the auction is on (e.g. ETH, BSC, MATIC, or AVAX) and make sure that you have enough corresponding tokens to cover volatility and network fees. We recommend having at least a 10-20% of the total amount of token that you need to participate. You’re unlikely to need them, but to be safe, it’s best to keep that much. For example, let’s say the allocation is $200, then you need to have $210-230 of ETH, BNB, or MATIC in your wallet.

Step 2: Choose a Live Auction

We’ll have FBS token auctions on a variety types of tokens, including ERC 20, BEP 20, AVAX, MATIC so you may pick the one that best suits your current token

Live Auctions interface.

Then you are ready to see and interact with the live auction details. As you can see in the picture below.

Live Auctions interface.

During a Live Auction, you can see all our information under the “Contract” ring and “Token” ring to start transacting with the contract. While buying, you need to notice some universal indicators across our market offerings, including:

  • The amount for sale: Here you will see the total number of tokens that we wish to sell.
  • Amount raised: The total amount collected during the auction will be displayed here.
  • Min raised: This is the min raised set by forbitspace, and for the auction to be successful, the total amount of money must be greater than or equal to the min raised

Step 3: Create a purchase order

You can now make a purchase order after reading all of the above information. As more people commit to Batch Auctions, the overall amount of tokens received by each prior customer will be decreased. So that, after you enter the amount you wish to spend in the “Commitment” field, we will show you the “Maximum token received” you can receive at the bottom, which is computed by dividing the amount you commit by “Amount raised” and then multiplying by the “Amount for sale”.

The maximum tokens you can receive will be shown here

After confirming the desired amount, click “Approve” and confirm in the MetaMask wallet for the first time to execute the buy order in the auction using the stablecoin payment method (USDT, USDC, BUSD,.. ) to enable the contract to use tokens in your wallet. Then fill in the box “Commit” the amount corresponding to the amount you just approved. For subsequent transactions in the same auction, simply enter the amount you want to pledge in the “Commit” field and press the “Commit” button.

For auctions using the native coin payment method, you just need to enter the amount you want to commit in the “Commit” field and press the “Commit” button.

Hit the “Commit” button.

Note: One wallet address can buy multiple times in an auction.

Step 4: Claim your token

When the time is over or the tokens are all sold out, we will confirm to finalize the auction. If the auction was successful, flybyaunchpad would transfer your FBS token together with any “change” in your original currency. Keep an eye on our social media channels to find out when the auction ends, at this time, come back and click “Confirm to lock your FBS” to affirm your acceptance of the FBS token lock policy. Then click “Claim forbitspace” to get 50% of total tokens up to the policy.

Click “Confirm to lock your FBS”

Click “Claim forbitspace (FBS)” to get tokens up to the policy.

After claiming FBS, waiting for the next time to claim

Because the FBS token sale policy requires vesting: 50% TGE — 50% after two months. As a result, once the auction ends, you will get 50% of the total tokens purchased. The remaining 50% will be paid 2 months from the first receipt. The time of receipt is when the right time describes The next time to claim.

Click “Claim forbitspace (FBS)” to get FBS the second times

According to the Sale Policy, flybyLaunchpad will automatically transfer FBS tokens to your wallet.

Noted: For an unsuccessful auction (the amount raised is lower than min raised), flybyLaunchpad will simply return your previously committed tokens without asking you for any fee.

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