> For the complete documentation index, see [llms.txt](https://help.fjordfoundry.com/fjord-foundry-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.fjordfoundry.com/fjord-foundry-docs/for-sale-participants/general-faq/lbp-faq.md). # LBP FAQ #### What are LBPs? Liquidity Bootstrapping Pools (LBPs) are a type of token sale where the price starts high and changes dynamically over time. The price can decrease or increase based on demand, helping to reduce early bot activity and giving participants more choice on when to buy. [Learn more about LBPs →](/fjord-foundry-docs/for-sale-participants/token-sale-types/liquidity-bootstrapping-pools-lbps.md) *** #### How do LBPs work? LBPs use changing token weight ratios to adjust the price. If there’s little demand, the price falls. If many participants buy early, the price may increase. You can buy at any time, based on what you feel is fair. *** #### Why participate in an LBP? LBPs offer a more flexible entry compared to fixed price sales. There’s no rush to buy immediately, and prices are not locked in. The structure also helps reduce the impact of sniper bots and large buyers by starting the sale at a high price. *** #### Are there risks? Yes. The price could move after you buy—up or down—depending on demand. There is also no guarantee of token value after the sale. Always do your own research before participating. *** #### What is the starting price? The price starts high to discourage bots and early sniping. It is designed to drop if demand is low, but may rise again if participation is strong. *** #### What is slippage? Slippage is the difference between the price you see and the price you actually pay. It happens because prices update with each purchase. You can control your slippage tolerance when confirming the transaction. *** #### How long do LBPs last? Most last between 2–5 days, but the duration is set by the project and displayed on the sale page. *** #### When is the best time to buy? There’s no perfect time—it depends on how the price evolves. Some buyers wait for it to drop. Others buy early to secure tokens. You can follow the live chart and buy when the price feels fair to you. *** #### Can I claim my tokens during the LBP? No. Tokens are only claimable after the sale ends. This prevents early liquidity being added and protects the sale’s structure. [Read more about claiming →](/fjord-foundry-docs/for-sale-participants/fjord-features/token-claiming.md) *** #### Can I buy and sell during an LBP? Some LBPs allow both buying and selling, while others are buy-only. Check the sale page to see which type it is. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://help.fjordfoundry.com/fjord-foundry-docs/for-sale-participants/general-faq/lbp-faq.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.