How to Participate in a Fixed Price Sale
Follow these step by step instructions to learn how you can participate in an Fixed Price Sale on Fjord.
Last updated
Follow these step by step instructions to learn how you can participate in an Fixed Price Sale on Fjord.
Last updated
Fjord Foundry offers a straightforward and transparent way to participate in Fixed Price Sales. Fixed Price Sales on Fjord enable global projects to distribute tokens at a set price, fostering transparent and equitable partnerships. This approach democratizes access to early-stage opportunities for everyone!
Note: This tutorial primarily focuses on participation using Ethereum, but the process is similar across other networks like Avalanche, Solana and Arbitrum where Fjord is available.
To participate in a Fixed Price Sale, you will need a wallet that holds a funding token. This is the token that will be used to purchase the tokens being offered in the sale. Common funding tokens on Fjord include USDC, DAI, WETH (a wrapped version of ETH), and ETH.
To install Metamask, go to MetaMask.io and select from Android or iOS for mobile application and select Chrome for desktop. You can also go directly to the Chrome store, Google Play store, or Apple App Store (soon). Click the download button. For users on a desktop, you can click the download button in the main nav as per below.
Once you have installed the Metamask wallet, please ensure that you follow the prompts on the Metamask UI to correctly set up the wallet.
After setting up MetaMask, you need to send the required funding token to your MetaMask wallet. Fixed Price Sales hosted on the Ethereum network will require ERC-20 funding tokens.
Now you have your funding tokens in your wallet, you can visit the Fjord foundry website, and connect your wallet. Click the “Connect Wallet” button in the top right hand of the screen and choose your wallet.
Your wallet will show it is connected once the “Connect Wallet” button in the previous section shows part of your wallet address.
Once you have selected the Fixed Price Sale you wish to participate in, you will see a screen similar to the example below. The contents of the screen may vary depending on whether the sale is yet to start, in progress, or concluded. The example below shows a sale that is in progress.
Key Elements on the Page
Price Per Token: This indicates the fixed price at which each token is being sold.
Max Allocation per Wallet: The maximum number of tokens each wallet can purchase.
Soft Cap: The minimum amount of tokens that must be sold for the sale to be considered successful.
Funds Raised: The total amount of funds raised so far.
FDV (Fully Diluted Valuation): The total market value of the token if all tokens are issued and in circulation.
Circulating Market Cap: The market value of the tokens currently in circulation from the sale on Fjord only.
Max Raise Amount: The total target amount to be raised from the sale.
Time Remaining: The countdown timer showing how much time is left until the sale ends.
Buy Section: Here you can enter the amount of collateral token (e.g., ETH, USDT) you wish to use to purchase the sale token.
Buying Strategy:
The strategy for Fixed Price Sales involves entering at a set price without worrying about price fluctuations during the sale. This can simplify the decision-making process compared to dynamic pricing models like LBPs. Ensure you have done your research and are comfortable with the set price and the project's fundamentals before making a purchase.
Once you have considered all factors and decided to participate, you can enter the amount you wish to buy in the "Buy" section and proceed with your purchase.
Click "Swap" to finalize your transaction and obtain the sale tokens.
