TeaSwap conquers the world, the vessel is our IFO !
2 min readSep 30, 2021
Hello TeaSwapers !
As you already know, we are getting everyday closer to our crosschain journey, starting with RSK (The first Bitcoin Sidechain).
In order to get there, we needed a strong vessel: Enter IFO !
The TeaSwap crosschain IFO system is unique, and the most rewarding of all IFOs systems for users. Here’s why:
- A classic IFO works in 3 steps (example on BSC):
1/ Users deposit their LP X-BNB in the IFO section
2/ They receive a part of the allocation according to their % of the total LP deposited
3/ Part of their LP is taken: BNB go to the project in IFO, X go to the IFO provider, part of it is burned. - A TeaSwap crosschain IFO works in 3 steps:
1/ Users deposit their LP MINT-SUGAR in the IFO section
2/ They receive a part of the allocation according to their % of the total LP deposited
3/ They receive 100% back of their LP. This is a FREE IFO for them.
The difference ? TeaSwap provides for its investors unique opportunities to be the first ones to get a token, and for free. Because we care about you, our investors.
Now that the concept is clear, what will happen in a detailed timeline:
- D0: The IFO starts this Thursday Sept 30 evening and lasts 2 days. No matter if you arrive first or 5min before the end: you’ll get the right % regarding the amount of LP you deposited. You can deposit here from Thursday sept 30 eve.
- D+2: At the end of the IFO, you’ll be able to claim your $JAG and automatically get back your MINT-SUGAR LP on the IFO section.
- Between D+2 and D+5: We’ll be posting the full RSK tutorial on how to bridge and start the journey together on RSK in our tutorial section
- D+5: The $JAG token will be open to trade on RSK. The link will be provided at launch.
- D+8: The TeaSwap RSK farm will be launched, all $JAG holders will be able to start using them to earn !
Do you already have your ticket to Rootstock ?
TeaSwap Team does and we wait for you!
With Taste,
TeaSwap Team
