IFO
Intro
Buy new tokens using BAKE-USDC LP tokens.
The project gets the USDC.
BakerySWAP burns the BAKE.
You get the tokens.
You need BAKE-USDC LP tokens to participate.
BAKE tokens equating to half of the total funds raised will be burned forever: If the full $1,000,000 USD allocation is raised, then $500,000 of BAKE tokens will be burned.
How to participate in an IFO?
Visit to find out more about IFOs.
BEFORE SALE
Buy BAKE and USDC tokens
Get BAKE-USDC LP tokens by adding BAKE and USDC liquidity
DURING SALE
While the sale is live, commit your BAKE-USDC LP tokens to buy the IFO tokens at
AFTER SALE
When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
Done! In the case of an overflow you can unstake your remaining BAKE-USDC LP tokens.
While you are holding BAKE-USDC LP tokens you will be at risk of Impermanent Loss.
What is the "Overflow" sale method?
TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
It's possible to receive no tokens at all: If you commit a very small amount of LP tokens compared to the total amount committed by others, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold. In such a case, you will still be able to reclaim all the BAKE-USDC LP tokens you committed.
What happens if IFO doesn't raise all the funds targeted?
The sale will proceed as normal, and all funds contributed will be spent.
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