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BoundlessPay offers a comprehensive digital banking app that seamlessly connects traditional financial services with the dynamic world of cryptocurrency. This innovative platform is designed to meet the needs of a diverse user base, including individuals, businesses, investors, and tech-savvy consumers who require efficient management of both fiat and digital currencies.
On June 18, 2024, it was announced that the $BPAY token has now been officially curated and scheduled to launch an LBP on FjordFoundry. The BoundlessPay LBP on Fjord Foundry has a goal to raise $79.2K, allocating 37.5M tokens (3.75% of total supply). It starts on June 24, 2024, 08:00 UTC, and runs till June 27, 2024, 08:00 UTC.
CoinLaunch Score:
Last update:
High
20 Jun 2024
BoundlessPay - LBP on Fjord Foundry | All Info & Stats Overview
start date:
24 Jun 2024
end date:
27 Jun 2024
price:
$0.021122
tokens for sale:
37,500,000
Raise:
$79,207
Min. Buy:
N/A
Max. Buy:
N/A
Industry:
CeFi
Lock-up:
Launchpad
Cliff 24 hours
Fjord Foundry
How to join BoundlessPay - LBP on Fjord Foundry | All Info & Stats?
Firstly, LBPs (Liquidity Bootstrapping Pools) enable global projects to distribute value via tokens through community backing, fostering transparent and equitable partnerships via a dutch auction style of distribution. This approach democratizes access to early-stage opportunities for everyone.
To participate in an LBP on Fjord Foundry, you need to follow several steps:
- Step 1 - Set up wallet
Depending on what LBP you are looking to participate in you will need to hold a funding token. In this case, it is the BoundlessPay LBP. This is the token that will be used to buy into the token that’s being launched through the LBP. On Fjord, common funding tokens are USDC, DAI, WETH (a wrapped version of ETH), and ETH.
To install Metamask, go to MetaMask.io and select from Android or iOS for mobile application and select Chrome for desktop. You can also go directly to the Chrome store, Google Play store, or Apple App Store (soon). Click the download button. For users on a desktop, you can click the download button in the main nav as per below.
Once you have installed the Metamask wallet, please ensure that you follow the prompts on the Metamask UI to correctly set up the wallet.
- Step 2 - Fund wallet
After the Metamask installation, you will need to send the funding token required to your metamask wallet. LBPs hosted on the Ethereum network will need to have ERC-20 funding tokens to buy into them. Please ensure that you are sending this correctly from the exchange or other platform used to obtain the funding tokens. You can then send the tokens to your Metamask Ethereum ERC-20 wallet.
- Step 3 - Connect and explore
Now you have your funding tokens in your wallet, you can visit the website, and connect your wallet. Click the “Connect Wallet” button in the top right hand of the screen and choose your wallet.
Your wallet will show it is connected once the “Connect Wallet” button in the previous section shows part of your wallet address.
Your wallet will show it is connected once the “Connect Wallet” button in the previous section shows part of your wallet address.
- Step 4 - Buy into the LBP
Once you have selected the BoundlessPay LBP you want to participate in, you will see the following screen. The contents of the screen may vary depending if the LBP is yet to start, in progress or concluded. The below example is an example of an LBP that is in progress. Please note this is an LBP being run on a test network.
- Step 5 - Process to follow at the end of the LBP
1. Redeeming Your Tokens Post-LBP
At the end of the LBP, you are required to redeem your tokens. Executing the redeem function will transfer the actual tokens to your wallet. In the case of vested tokens, a link to Sablier will be provided to view your vesting stream, as demonstrated in the interface.
2. Closing the LBP
While participants can initiate the closing of the pool, this is typically performed by the LBP creator. In most instances, you'll find that the pool has already been closed for you, and you can proceed directly to redeem your tokens.
- Step 6 - Get your tokens
Once this swap is done, you will have your tokens. If you can’t immediately see the tokens in your wallet, read on below for Fjor’s FAQ as to why they may not be showing.
To find more information about participation in Fjord’s LBPs, go to this article.
Step-by-step Guide
Set up wallet;
Fund wallet;
Connect and explore;
Buy into the LBP;
Process to follow at the end of the LBP;
Get your tokens.
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