FantomStarter — Best Practices
FAQ update you’ve been waiting for!
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Summary:
- Step 1: Complete KYC
- Step 2: Staking for whitelist
- Step 3: Invest phase
- Step 4: Claim Tokens (Vesting)
- Step 5: Listing
Step 1: Complete KYC
First, you will need to KYC with Fractal.id. If you need help we have posted step-by-step and Troubleshooting KYC guides to help you complete the process. Users can KYC anytime during the entire IDO timeline, but will not be able to stake until their KYC is completed. You only need to complete your KYC once. If you already passed KYC on one wallet, you can use the SAME wallet on a future IDO without having to pass KYC again. Complete KYC as soon as possible here.
Which country can participate in the IDOs?
Keep in mind you can only invest if your Fractal KYC is approved! You can’t get your KYC approved if you are a resident of the United States, China, North Korea or any jurisdictions where sanctions are in place include the Balkans, Belarus, Burma, Côte D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Philippines, Sudan, Syria, and Zimbabwe.
Accredited US investors can invest here.
How to complete Fractal KYC?
When you’re on our website. Click on the Fractal tab (top right) to sign up for an account. You will then be redirected to fractal.id and your wallet will be connected to your Fractal account.
You will have to provide Fractal with proof of identity (Driver’s license, ID card, passport) and proof of residence (electricity/phone bill, tax document, etc.).
Once you’ve submitted your documents, give it a few days for Fractal teams to verify your identity. If you have any questions, the most straightforward way is to head to their main chat.
After completing KYC with Fractal, why am I redirected to the FantomStarter home page?
Your KYC with Fractal is linked to your FantomStarter account.
How do I know if my KYC has been verified?
You will receive an email notification from Fractal.id when your KYC has been verified. You can check your verification status by logging in on our website with your Fractal credentials.
My KYC application was rejected or is pending. Who can I contact?
Please head to the Fractal telegram group for any issues regarding their KYC process.
If I completed KYC for a previous IDO, do I need to repeat it?
No, you only will need to complete KYC once for all your upcoming investments with FantomStarter.
Will all projects require KYC?
Yes, but you only will need to complete KYC once
Step 2: Staking for whitelist
Once your KYC is completed, make sure you are whitelisted and that you are logged in with an approved Fractal KYC connected to the FantomStarter app as you will need to stake your FS tokens or FS Key. This will determine your investment allocation. This number will change according to the project.
How to join Whitelist for the IDO project
Once you’ve staked for your desired tier, you will be able to join the lottery by clicking on “Participate” on the project pool page once it opens (follow our announcement channels to get notified).
When will the Whitelist button enable the upcoming IDO?
The whitelist button will usually be enabled a few days before the start of every IDO. Stay tuned to our announcement channels for the exact dates.
How many days will we have time for Whitelist confirmation?
You will usually be given a few days to confirm your participation in every IDO. Stay tuned to our announcement channels for the exact dates.
Do I have to register for each IDO?
Yes, you will need to confirm your participation for every IDO hosted on FantomStarter.
When will I find out about my allocation?
Once the whitelisting period is over.
How are pool weights calculated?
Based on the number of users in each tier. You can read about them here.
Staking
How to stake FS or stake NFT
We have updated how our users subscribe into tiers.
- Stake $FS: Go to https://app.fantomstarter.io/staking and choose “$FS Tokens”, select your desired Tier and click on “Stake”
- Stake NFTs: Buy your desired NFT on https://app.fantomstarter.io/store then go to https://app.fantomstarter.io/staking choose “NFT Tier” and click on “Stake”
Do I have to stake my $FS for 30days to qualify for IDO?
No, to qualify you can stake any time during the whitelisting phase. If you un stake before 30 days, you will be charged a 35% penalty on your staked amount.
Do I need to unstake/ restake for each IDO?
You can just keep your $FS/NFTs staked. No need to unstake/ restake after every IDO.
Can I unstake the tokens I have staked after each IDO?
Yes, but if you unstake before 30 days, there is a 35% penalty on your staked amount. You cannot unstake your NFTs.
How is the allocation calculated?
Tier system
Where can I find the tier system for FantomStarter?
You can find tier levels on our website https://app.fantomstarter.io/staking Please read the following article for more detail about our tier system:
How can I increase my tier if I have already staked on the lower tier?
At the moment you can’t directly upgrade your tier and would need to unstake. This is something we are looking at though.
Can Tier 5–7 participate in both public and private sales?
Yes. Tiers 5–7 are allowed access to private sales and public sales.
For IDO registration purposes, is there any benefit to staking an amount slightly over the tier requirement? (e.g. 15,500 $FS for Tier 1).
No. You will need to purchase the minimum required amount to get into the next tier.
I completed all the steps, why don’t I see an allocation?
Lottery winners are selected and the investment phase for the private and public pools begins. This phase will last over a few days so that our global community can invest at their leisure. Once the Lottery results are announced, you will be able to view the allocation.
Step 3a: Invest phase
Check if you’ve won the lottery and if so, click on “Approve” then “Invest” your desired amount. You can also read the details in the respective project IDO guidelines posted on Medium.
How to invest in the investment phase?
To purchase tokens before they list, you will need to complete KYC, whitelist, and invest through the app.fantomstarter.io. Go to the desired pool. Make sure you have USDC in your Fantom chain wallet you whitelisted and KYC with. Click here to find out how to move USDC over to Fantom.
How many FTM should we expect for gas?
1 FTM is normally sufficient for a couple of trades. If you need the transaction to be faster you will need to figure that on your own.
What’s the investment token (FTM or USDC) for all IDO’s and in which network it will be conducted?
IDOs will be conducted on the Fantom Opera network, usually with the USDC token.
How long will I have to fund my IDO allocation?
You should be ready to click on the ‘Invest’ button within the “First Come First Served” pool page here. If you won the lottery or have a guaranteed allocation, you will have 24 hours to participate. Don’t wait till the last minute though but you don’t have to buy it exactly after the sale opens.
How much will be the max cap per individual?
This will depend on the IDO project raising funds and how many guaranteed allocation users participate and what tier a user is taking part in.
Once you have FTM on your whitelisted wallet address, use SpookySwap to swap to USDC . A minimum 250 USDC is needed in order to be able to participate in the Public Sale Phase2 investment round. Here are two ways you can fund your wallet on FTM.
- Using Multichain.xyz is the easiest way to bridge FTM from BSC or ETH chain to the Fantom chain.
Step 3b: Community
This phase is dependent upon the project. It normally means that they are running a Gleam competition and offering winners a WL spot.
Step 3c: FCFS
It is up to the project to decide if there will be an FCFS round offered or not. You are eligible to invest in this round if have registered on our FantomStarter app for a whitelist spot or hold the FCFS NFT pass in your wallet.
Will there be an FCFS round or will we have only selected Whitelist participants to have guaranteed allocation to participating in IDO?
FCFS round will only happen in case of remaining unsold tokens from the Private and public pools. It will be made available to our NFT FantomPass FCFS holders and Tier stakers.
Who can participate in the First Come First Serve (FCFS) sale?
FCFS round is only available for our NFT FantomPass FCFS holders and individuals staking on our app.
Can the Airdrop NFT pass be eligible to participate in IDO?
The NFT FantomPass FCFS gives you access to all of FantomStarter FCFS pools. Those pools will be opened at the end of each sale in case of remaining unsold tokens and will be made available on an FCFS basis.
Step 4: Claim Tokens (Vesting)
You will notice that claiming always takes place a little after listing. Claiming always takes place on our app according to the vesting schedule.
How do I Claim the tokens?
You can claim the token by signing into our app with the wallet used to complete the transaction.
Do investors in FantomStarter Public Sale need to claim the tokens after TGE or will those be airdropped to their wallet?
Users will be able to claim a portion of tokens shortly after TGE and the rest following a pool’s vesting schedule on our app. Whitelisted winners here. FCFS (Phase 2) round investors here.
Step 5: Listing details
At this point, FS will update the IDO guidelines with listing details and any changes to the claiming dates. We will always do our best to ensure that TGE falls on a healthy market. For that reason, dates may be moved.
$FS token
How do I buy $FS?
You can buy $FS on Spookyswap, MEXC and WingSwap.
What is the current price of $FS?
You can check the current price of $FS using those links:
- Coingecko:
- Coinmarketcap:
- Dextools:
- You can also hop in our Telegram price chat.
Miscellaneous
Will there be a guide on how to participate in sales?
Sure! We have already published IDO guidelines for our first 3 projects, Moda DAO, Wingswap, and DexBrowser.
I was contacted by an admin. Is this legit?
Admins won’t contact you first but we are always ready to help.
For users who didn’t get a chance to invest, will there be any rewards since we staked FS token for participating in it?
Not at the moment. We do have plans to offer APY and other perks in the future.
How do I find the token address for the project I just invested in?
We will update the project’s guidelines closer to TGE. Normally this information will be at the top of the medium article under updates at the top of the IDO guideline for the project.
Important Reminder:
All investments are paid in USDC on the Fantom network and claimed on the FantomStarter app. If you are not interacting with the FantomStarter app during the funding phase then it’s a scam.
Users need to complete KYC with Fractal.id as soon as possible to participate in the event. Only the whitelisted addresses will be able to participate.
Follow us
We have loads of exciting updates coming. Follow us using these channels so you can stay up to date:
Website: https://fantomstarter.io/
Main Telegram: https://t.me/fantomstarter
Announcement Telegram: https://t.me/fantomstarterannouncement
Trading Telegram: https://t.me/fantomstartertrading
Medium: https://medium.com/@fantomstarter
Twitter: https://twitter.com/fantomstarter
Inquiries: hello@fantomstarter.io
Reddit: https://www.reddit.com/r/FantomStarter/
FantomStarter Discord — https://discord.com/invite/nsMxVcNwy6
