Quickstart Guides

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:

• Buying Bio Ecosystem Tokens: A step-by-step guide to acquiring tokens in the Bio ecosystem using fiat currency (USD, EUR etc.).

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

• How to Stake $BIO: Learn how to stake/unstake $BIO.

• 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 Ignition Sale Model

All projects on Bio Protocol V2 currently launch through a Ignition 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 $USDC.

• Success Condition: A launch is only successful if the total amount of $USDC 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. Commit $USDC: You must commit the amount of $USDC you wish to invest.

2. Pledge BioXP: You can optionally spend your accumulated BioXP points to secure the right to an allocation. If a sale is subscribed, higher BioXP = larger allocation priority. BioXP is earned by contributing to the ecosystem, such as by staking $BIO.

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. Over-pledging increases your chances of obtaining the max allocation (1% of the total supply).

Understanding Your Allocation

Launches are often oversubscribed, meaning the community commits more USDC 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 1% of the total token supply being sold.

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

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