Join Launches

Participating in a launch on the Bio Protocol is a straightforward process designed to be fair, transparent, and community-driven. This guide will walk you through the key steps, from preparing for the sale to understanding how to engage with the project post-launch.

This section contains the following guides:

• Funding Your Participation: A step-by-step guide to acquiring and committing the $BIO needed to invest in a project.

• How to Bridge $BIO: Instructions on how to move your $BIO tokens to the Base network to participate in launches.

• Providing Liquidity Post-Launch: Learn how to support a project's long-term health by providing additional liquidity after the initial launch.

The Fixed-Price Sale Model

All projects on Bio Protocol V2 currently launch through a fixed-price sale. This means the price per token is set from the beginning, creating a predictable and clear process for everyone.

• Denomination: All sales are denominated in $BIO.

• Success Condition: A launch is only successful if the total amount of $BIO committed by the community meets or exceeds the project's funding goal. If the goal isn't met, all participants are fully refunded.

How to Participate: A Two-Step Process

To join a sale, you need to complete two key actions:

1. Pledge BioXP: You must spend your accumulated BioXP points to secure the right to an allocation. BioXP is earned by contributing to the ecosystem, such as by staking $BIO.

2. Commit $BIO: You must commit the amount of $BIO you wish to invest.

Your final allocation of the project's tokens is determined by the number of BioXP points you pledge relative to the total points pledged by all other participants.

Understanding Your Allocation

Launches are often oversubscribed, meaning the community commits more $BIO than the project's target. In this case, your final allocation is calculated pro-rata based on your share of the total BioXP pledged, up to a maximum cap.

The final allocation is determined by the following formula:

user_allocation = min((user_points / total_points_pledged) * tokens_for_sale, 0.005 * tokens_for_sale)

Where:

• user_points is the amount of BioXP you pledged.

• total_points_pledged is the total BioXP pledged by all participants.

• tokens_for_sale is the total number of tokens available in the launch.

Key Rules:

• Max Allocation: To ensure fair distribution, no single user can purchase more than 0.5% of the total token supply being sold.

• Refunds: If you commit more $BIO than your final allocation allows, the excess $BIO and any unused BioXP are automatically returned to you.

Ready to get started? The next page will detail how to fund your participation.