Fixed-Price Mode

Guide to Participating in a Fixed-Price Mode Token Launch

Take note before participating in a Fixed-Price Mode token launch on Ramen:

• Sale phases: Token launches are structured in various sale phases for different whitelisted groups. Pay attention to the specific dates and times for each phase to avoid missing out.

• Securing allocation: To secure allocation in the Gacha round, you can lock $RAMEN tokens to earn Gacha. Gacha can be exchanged for entries in the lottery. Always check your eligible allocations and prepare your funds in advance for each launch.

• Verify official information: Ensure you are on the correct site. Do not rely on information or link from third parties. Ramen will publish all essential updates on our official social media channels.

Launch Phases

Phase 1: Registration

Duration: 5 days

Registration & Lottery Entry: Participants can use their Gacha to submit entries in the lottery for allocation in the Gacha round. The Gacha requirement for each entry will published on the token launch page. Requirements may vary from launch to launch.

Entry Limits: There is no limit to the number of entries a user can submit, provided they have sufficient Gacha. However, a single wallet can only win a maximum of 10 allocation tickets. In other words, you may submit >10 entries but can only win up to 10 tickets.

Non-cancellable: Gacha entries are final and non-reversible, regardless of the lottery results.

Airdrop and Private Sale Allocations: During this period, users can check their airdrop and private sale allocations, if any, by connecting their wallets. If you are eligible for a token airdrop, confirm your claim by clicking the 'Reserve' button next to your airdrop allocation. Failure to reserve your airdrop during this phase may prevent you from claiming tokens when the claim window opens. Token airdrop allocations will be unlocked simultaneously with purchased tokens.

Your allocation limit in the Private Sale round can be different from that in the Gacha round.

Phase 2: Allocation Announcement

Duration: 24 hours

Lottery Results: After the 5-day registration period, the lottery algorithm will determine allocation ticket winners. Lottery results will be made available immediately.

Next Steps and Preparations: If you have won 1 or more allocation tickets, prepare your funds for the Contribution phase.

If you have airdrop and/or Private Sale allocation, but did not win allocation tickets, you may still reserve your airdrop allocation and participate in the Private Sale round. You may also join the launch in the Overflow round.

Phase 3a: Contribution for Private Sale

Duration: 4 hours

Eligibility: Only whitelisted wallets will be able to participate in the Private Sale round.

Contribution Cap: Contribute up to your allocated cap. Any unfilled allocation will be moved to the Overflow round.

Phase 3b: Contribution for Gacha Round

Duration: 6 hours

Eligibility: Only users who won allocation tickets will be able to participate in the Gacha round.

Contribution Cap: Contribute up to your allocated cap. Any unfilled allocation will be moved to the Overflow round.

Phase 4: Contribution for Overflow Round

Duration: 2 hours, or until token supply is fully sold

Eligibility: Open to all registered users, regardless of whether they won allocation tickets.

Allocation Cap: The alloation cap for the Overflow round is five times the allocation for one allocation ticket in the Gacha round. For example, if the allocation cap for one allocation ticket is 100 BERA, the allocation cap for the Overflow round for each wallet is 500 BERA.

FCFS: This round is on a first-come-first-serve basis until the token supply is fully sold out or when the 2-hour window closes.

Phase 5: Token timelock

Duration: 12 hours

Timelock: After the token sale concludes, tokens will be time-locked for 12 hours. In this period of time, the liquidity pool for the token will be seeded.

Phase 6: Token Claim

Token Claim: After the 12-hour timelock, users can claim all their tokens, including those from airdrop and the different sale phases. Users will be able to trade or provide liquidity for the token on Kodiak.

Incomplete Token Launch

Less Than 25% Sold: If less than 25% of the tokens are sold all rounds (12 hours), the token sale will be deemed unsuccessful. All participants will receive a full refund of their contributions, the liquidity pool will not be seeded, and airdrop allocations will be returned to the protocol.

25% to 99% Sold: In the event of an incomplete sale (e.g. tokens sold = >25% but <100%), the token sale will be successful. The liquidity pool will be seeded and all participants will receive their protocol tokens as intended.

Liquidity Pool Seeding

Immediately following the conclusion of a token sale, the funds raised will be deployed in a whitelisted liquidity pool on Kodiak.

By default, 100% of the liquidity bootstrapped will be deployed to the liquidity pool. However, in some cases, a portion of the funds raised may be withdrawn by the project team for liquidity deployment on their own dApp, partner dApps, or for operational expenses. Details regarding the amount to be withdrawn and the specific destination multi-sig will be clearly communicated to the community prior to the sale.

The resultant LP tokens returned from Kodiak will subsequently be locked on InterPoL, a vault locker developed by The Honey Jar, for a minimum duration of 12 weeks.