How to Participate in an IDO

An IDO on BlueMove is an Initial DEX Offering. IDOs let you get early access to BlueMove’s new tokens as soon as they are added. By being one of the first to have a new token, you can benefit from higher rewards!

IDOs are available for a very limited time. Get ready ahead of the event to make sure you can participate!

Before the IDO

Before you can join an IDO there are a few things you will need to do to get ready. Follow the steps below to make sure you're ready to buy when the IDO event goes live.

Get MOVE/SUI Tokens

You will need to prepare some MOVE/SUI tokens in your wallet. These will be used to buy the tokens being offered in the IDO. If you are currently staking your MOVE in a pool, unstake them prior to the IDO and make sure the tokens are available in your wallet.

Knowing when an IDO will start

The IDO is a limited-time event; it usually only lasts one or two hours. You'll want to check the proposal in detail for the IDO timeframe to ensure you don’t miss out!

Check the IDO page

IDOs will have a countdown at the top of the IDO page.

Use social media

There isn’t a set time before an IDO goes live for the countdown to start, so check BlueMove’s official social media accounts for news about upcoming IDO times.

The countdown and announcements will give you plenty of time to prepare.

Once the IDO is live

While an IDO is live, you will have 1 hour to participate. If you have done the steps above and have MOVE/SUI tokens in your wallet, it doesn’t take long at all to buy the new token.

Checking if the IDO is live

On the IDO page, look where the event start countdown was. You will now see a countdown until the IDO sale ends instead. This will let you know how much time you have to buy the offered tokens.

Which type of sale should I choose: Basic or Unlimited?

There are two sales available: Public Sale and Private Sale. It's possible to participate in both sales if you want to, but each has conditions. You will need to choose which sale you would like to participate in.

Public Sale

In the Public Sale, each participant will be able to commit as much MOVE/SUI as they would like. If you buy tokens with the Public Sale you will have to pay a small fee.

The final amount of IDO tokens one will get will be determined using the “Overflow” sale method.

Private Sale

To participate in the new Private Sale, participants will need to meet at least one of the requirements presented on the IDO sale card UI.

Each participant will be able to commit any amount of MOVE/SUI up to the maximum commit limit for the Private Sale.

The final amount of IDO tokens one will get will be determined using the “Overflow” sale method.

Overflow Sale Method

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 as they want to the IDO, 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 get back any leftover funds when they claim their tokens after the sale.

Committing MOVE/SUI to the Public Sale

1. Let's commit some MOVE/SUI to the Public Sale. Click the Commit button under Public Sale. A window will appear.

2. In the new window, choose the amount of MOVE/SUI you want to commit in the field.

Any MOVE/SUI you cannot spend on new tokens will be returned to you, so you don’t need to worry about losing any tokens.

3. Click the Confirm button and confirm the action with your wallet. Once your MOVE/SUI are committed, the Public Sale section will show your committed amount.

You can add more MOVE/SUI at any time during the IDO event as long as you haven’t reached the maximum limit. If you have, you will see "Max Committed" on the faded button. Keep in mind there is a fee for the Public Sale, listed next to “Additional fee”.

If you don’t want to commit more MOVE/SUI to the IDO, you can skip ahead to the next section, Collecting your new tokens.

Committing MOVE/SUI to the Private Sale

1. The checkbox in the Private Sale card will light up if you are eligible to participate in the Private Sale. To use your MOVE/SUI in the Private Sale, click the Commit button under Private Sale. A window will appear.

2. In the new window, choose the amount of MOVE/SUI you want to commit in the field.

Remember, you can only commit the amount of MOVE/SUI equal to the maximum commit limit for the Private Sale. And any MOVE/SUI you cannot spend on new tokens will be returned to you, so you don’t need to worry about losing any tokens.

3. Click the Confirm button and confirm the action with your wallet. Once your MOVE/SUI are committed, the Private Sale section will show your committed amount.

You can add more MOVE/SUI at any time during the IDO event as long as you haven’t reached the maximum limit. If you have, you will see "Max Committed" on the faded button.

After the IDO has ended

When the IDO has ended, you will be able to collect your new tokens. How many you will get depends on how many people participated in the IDO. Any extra MOVE/SUI you have committed to the IDO that aren't used to buy new tokens will be returned to you.‌

Token Vesting

If an IDO has token vesting, the details and rules of the vesting will be elaborated in the vote proposal. Be sure to check and get familiar with the vesting schedule before committing to an IDO. You can also click this button in the detail section of an IDO sale to check the proposal directly.

Collecting your new tokens

IDO without token vesting

Collecting your new tokens is incredibly easy. Just go back to the IDO page once the IDO event is finished and click the Claim button under the sale window. Confirm the action with your wallet. You'll now have your new tokens. Congratulations!

IDO with token vesting

Once the IDO sale is finished. A vesting interface will be presented in the IDO sale section. You can find all the useful information about the entire vesting schedule. Including but not limited to:

• The total amount of purchased token.

• The number of tokens has already been released.

• The number of tokens available to claim.

• When the release schedule is finished.

You can click the Claim button to claim any tokens available at the moment.

Throughout the entire vesting schedule, you can come back to the IDO page at any time and claim any available tokens.

Using your new tokens in farms

Now that you've got your shiny new tokens, you can put them to work for you!

You can add liquidity for your token to receive LP Tokens. Your LP Tokens will let you collect trading fees for your pair.

If you've added liquidity for your new token, you can also use your new LP Tokens to yield farm and earn more rewards!