Seed, Private & Public Rounds

Types of rounds that you can offer on the Fjord platform.

When creating a token sale on the Fjord platform, creators have the option to designate the sale round as Seed, Private, or Public. Each round has distinct characteristics, often indicated by unique icons:

• Seed Round Typically the earliest stage of a project. Seed rounds often come with longer vesting terms, as the project is still in its initial stages. Participants in this round are usually early supporters betting on the long-term potential of the project.

• Private Round Occurs after the seed round. In this phase, the project has made more progress, with some level of product development already in place. Vesting terms may still apply, though they’re generally shorter than in the seed round.

• Public Round The final sale stage, often conducted shortly before the token generation event (TGE) or product release. Public rounds usually have limited or no vesting periods, although this can vary depending on the project.

There are other round types however we have chose to limit the optionality to these three to prevent confusion and streamline the process.

Why It's Important to Define Sale Rounds

Clearly defining the sale round helps manage participant expectations. By specifying whether the sale is a seed, private, or public round, creators can communicate important information such as vesting terms, product development stages, and the potential risks and rewards for participants.

• Seed Round: Early participants know they are backing a project in its infancy, often with the longest vesting periods, but with the highest potential returns if successful.

• Private Round: Participants can see that the project has matured past the initial seed stage, giving them confidence that development is progressing.

• Public Round: Investors understand that they are closer to the product release or token generation event, offering a more immediate timeline for returns.

By providing clarity on these distinctions, creators can build trust with their community and set realistic expectations for vesting periods and product development timeline.

FAQ

How can I sell a token if the token contract is not ready?

You can use Fjord’s Placeholder Token option to sell a temporary token. Once your final token contract is ready, the placeholder tokens can be swapped and/or airdropped to buyers for the actual tokens. This allows you to run your sale on schedule without rushing contract development.

Can I limit how much any single wallet can contribute to a sale?

Yes, Fjord allows creators to set maximum wallet limits during sale setup. This ensures a fair distribution by preventing any single wallet from contributing more than a set amount.

Can I refund participants if my sale doesn't hit the minimum cap?

Yes, Fjord supports minimum cap settings for sales. If the minimum target isn't met, contributions are automatically refunded, ensuring participant funds are protected in undersubscribed sales.