Our Fair Launch will be hosted on our IFO Platform but instead of Rice-BNB it will use TeslaSafe-BNB and instead of burning TeslaSafe the team has pledged the tokens for Protocol Development and Expansion.
The TeslaSafe raised will not be sold by the team. 90% of all funds raised will go back into the platform as liquidity and will be locked.
Buy new tokens using Rice-BNB LP tokens.
The project gets the BNB.
RiceFarm burns the Rice.
You get the tokens.
You need RICE-BNB LP tokens to participate.
Rice 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 Rice tokens will be burned.
While the sale is live, commit your RICE-BNB LP tokens to buy the IRO tokens at https://ricefarm.fi/
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 RICE-BNB LP tokens.
If you decide to acquire RICE-BNB LP tokens before the IFO starts, you can stake them in the RICE-BNB Farm to earn RICE token rewards while waiting for the sale.
While you are holding RICE-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 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 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.