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IFOv2 (Initial Farm Offering)
Participate with Rice and TeslaSafe
The TeslaSafe pledged from IFO will never be sold by the team. It is pledged towards marketing efforts, airdrops, dual yield TeslaSafe + RICE pools, etc.
The Team commits the raised TeslaSafe for expanding the protocol and growing our community. Please let us know if you have any ideas for our pledged TeslaSafe!

Intro

Buy new tokens using Rice-BNB LP tokens or TeslaSafe-BNB LP tokens.
    The project gets the BNB.
    RiceFarm burns the Rice.
    RiceFarm pledges the TeslaSafe.
    You get the tokens.
    1.
    You need RICE-BNB LP and TeslaSafe-BNB LP tokens to participate.
    2.
    TeslaSafe Pool will be limited to $1000 per person calculated 30 minutes before IFO starts.
    3.
    Rice Pool will be unlimited like v1 IFO.
    4.
    Rice tokens equating to half of the total funds raised in the Rice Sale will be burned forever: If the full $1,000,000 USD allocation is raised, then $500,000 of Rice tokens will be burned.
    5.
    TeslaSafe tokens equating to half of the total funds raised in the TeslaSafe Sale will be pledged: If the full $1,000,000 USD allocation is raised, then $500,000 of TeslaSafe tokens will be pledged.

How to participate in an IFO?

Visit https://ricefarm.fi/ifo to find out more about IFO.
BEFORE SALE
    1.
    Buy RICE, TeslaSafe and BNB tokens
    2.
    Get RICE-BNB LP tokens by adding Rice and BNB liquidity
    3.
    Get TeslaSafe-BNB LP tokens by adding Rice and BNB liquidity
DURING SALE
    1.
    While the sale is live, commit your TeslaSafe-BNB LP and RICE-BNB LP tokens to buy the IFO tokens at https://ricefarm.fi/ifo.
AFTER SALE
    1.
    When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
If you decide to acquire RICE-BNB LP or TeslaSafe-BNB LP tokens before the IFO starts, you can stake them in their respective farms to earn RICE token rewards while waiting for the sale.
While you are holding RICE-BNB LP / TeslaSafe-BNB 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 IPO, 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 RICE-BNB 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.
Last modified 2mo ago