How to participate in an LBP
Participating in a Liquidity Bootstrapping Pool (LBP) on Starter Launchpad is a straightforward process that allows users to contribute to the funding of new AI projects while obtaining project tokens. Follow these steps to participate:
Step 1: Set Up Your Wallet
Choose a Compatible Wallet:
Select a compatible cryptocurrency wallet that supports the blockchain network used by Starter Launchpad (e.g., MetaMask, Trust Wallet).
Connect Your Wallet:
Visit the Starter Launchpad website and click on the "Connect Wallet" button.
Follow the prompts to connect your wallet to the platform.
Step 2: Acquire $AIS Tokens
Purchase $AIS Tokens:
Ensure you have $AIS tokens in your wallet, as these will be necessary for participating in the LBP.
$AIS tokens can be purchased on supported exchanges or through the Multichain Swap feature on Starter Launchpad.
Ensure Sufficient Funds:
In addition to $AIS tokens, ensure you have a sufficient amount of the base currency (e.g., ETH, BNB) needed for the LBP contribution.
Step 3: Navigate to the LBP Section
Access the LBP Dashboard:
On the Starter Launchpad website, navigate to the "LBP" section to view active and upcoming LBPs.
Select an LBP:
Browse through the list of available LBPs and select the AI project you wish to support.
Step 4: Participate in the LBP
Enter Contribution Amount:
Specify the amount of the base currency (e.g., ETH) you wish to contribute to the LBP.
Approve Transaction:
Approve the transaction in your connected wallet. This may involve confirming the amount and paying a small gas fee.
Confirm Participation:
After the transaction is confirmed, your contribution will be recorded, and you will receive project tokens based on the current LBP price.
Step 5: Finalize Participation
Wait for LBP Closure:
The LBP will run for a specified duration or until all tokens are distributed. Monitor the progress and wait for the LBP to conclude.
Claim Tokens:
After the LBP ends, claim your tokens from the LBP dashboard. The tokens will be transferred to your connected wallet.
Step 6: Post-LBP Actions
Stake or Trade Tokens:
Consider staking your newly acquired project tokens in the Staking Pool to earn additional rewards.
Alternatively, you can trade your tokens on supported exchanges or through the Multichain Swap feature on Starter Launchpad.
Participate in Governance:
Use your project tokens to participate in governance activities, voting on proposals and decisions related to the project's development.
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