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

1. Choose a Compatible Wallet:

   • Select a compatible cryptocurrency wallet that supports the blockchain network used by Starter Launchpad (e.g., MetaMask, Trust Wallet).

2. 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

1. 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.

2. 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

1. Access the LBP Dashboard:

   • On the Starter Launchpad website, navigate to the "LBP" section to view active and upcoming LBPs.

2. 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

1. Enter Contribution Amount:

   • Specify the amount of the base currency (e.g., ETH) you wish to contribute to the LBP.

2. Approve Transaction:

   • Approve the transaction in your connected wallet. This may involve confirming the amount and paying a small gas fee.

3. 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

1. 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.

2. 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

1. 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.

2. Participate in Governance:

   • Use your project tokens to participate in governance activities, voting on proposals and decisions related to the project's development.