ILO (Initial LAZY Offering)

Intro

Buy new tokens using LAZY-BUSD LP tokens.
  • The project gets the BSUD.
  • LazyMint burns LAZY tokens.
  • You get new tokens.
  1. 1.
    You need LAZY-BUSD LP tokens to participate.
  2. 2.
    LAZY tokens equating to half of the total funds raised will be burned forever: If the full $1,000,000 USD allocation is raised, then $500,000 of LAZY tokens will be burned.

How to participate in an ILO?

Visit https://lazymint.finance/ILO to find out more about ILOs.
BEFORE SALE
  1. 1.
    Buy LAZY and BUSD tokens
  2. 2.
    Get LAZY-BUSD LP tokens by adding LAZY and BUSD liquidity
DURING SALE
  1. 1.
    While the sale is live, commit your LAZY-BUSD LP tokens to buy the ILO tokens at https://lazymint.finance/ILO
AFTER SALE
  1. 1.
    When the sale is complete, claim the ILO tokens you've bought. Your unspent funds will also be sent back to you.
  2. 2.
    Done! In the case of an overflow you can unstake your remaining LAZY-BUSD LP tokens.
If you decide to acquire LAZY-BUSD LP tokens before the ILO starts, you can stake them in the LAZY-BUSD Farm to earn LAZY token rewards while waiting for the sale.
While you are holding LAZY-BUSD LP tokens you will be at risk of Impermanent Loss.

What is the "Overflow" sale method?

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.
In the “Overflow” method, users can subscribe as much or as little as they want to the ILO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.
It's possible to receive no tokens at all: If you commit a very small amount of LP tokens compared to the total amount committed by others, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold. In such a case, you will still be able to reclaim all the LAZY-BUSD LP tokens you committed.

What happens if ILO doesn't raise all the funds targeted?

The sale will proceed as normal, and all funds contributed will be spent.