FAQs
Q1: How do I participate in IDO?
A: Users can stake $NRO tokens in the Neuron Finance Snapshot points pool, and the smart contract will calculate the user's Snapshot points based on the amount and time $NRO staked. The more $NRO staked and the longer time they staked, the more Snapshot points a user will get.
When an IDO project is launched on the Neuron Finance LaunchPad, the allocation amount for each participant will be calculated based on his/her Snapshot points.
Q2: What is the process of participating IDO?
A: User stakes $NRO tokens to Neuron Finance snapshot points pool >
Snapshot point is calculated by smart contract. The snapshot mechanism is performed daily and randomly by smart contract in two stages to calculate the snapshot points for each user (the more users stake $NRO and the longer period they staked, the more Snapshot points they can get)>
New IDO project launched on Neuron Finance Launchpad >
Users purchase their allocated IDO token >
The sale ends and users successfully participate in the IDO project
Q3: What is FCFS (First Come, First Serve)? Who can participate in FCFS?
A: FCFS token sale is open to all users. FCFS round will be released within a specified period, and the faster the user completes the purchase process on the IDO token pre-sale page, the sooner they will receive tokens. FCFS round is open until all tokens are sold. After all the tokens are sold, the IDO is concluded. Q4: Do I need to stake/unstake for each IDO?
A: No, you do not need to do that. The NRO token staked by users in the Neuron Finance Snapshot points pool will generate snapshot points for users. When a new IDO project of Neuron Finance is launched, users can participate in the IDO projects based on their current snapshot points.
Q5: What do I need to know if I want to unstake $NRO token from the Neuron Finance snapshot points pool?
A: When a user unstakes the $NRO, the platform imposes a lock-in period of 15 days. Users will receive $NRO in their wallets once the lock-in period is over. The $NRO during lock-in period will still be able to generate Snapshot points.
If a user wishes to unstake a new amount of $NRO within the lock-in period, the 15 days of lock-in will be started over. If a user wants to receive $NRO earlier, the user would need to pay a responsive handling fee. (25% of the amount of unstaked $NRO will be charged on the first day of the lock-in period, and will be reduced by the number of days, down to 0%)
1st day of lock-in period
25%
2nd day of lock-in period
24%
3rd day of lock-in period
23%
4th day of lock-in period
22%
5th day of lock-in period
21%
6th day of lock-in period
20%
13th day of lock-in period
13%
14th day of lock-in period
12%
15th day of lock-in period
0%
Example: User A unstakes 1000 $NROs on 1st May and wants to receive the tokens on 2nd May, then a 24% handling fee will be charged. Therefore, user A will receive 760 $NROs on 2nd May.
Q6: Can I purchase other people’s Genesis tokens? If I own 1000 Genesis tokens and withdraw 300 Genesis tokens, will I lose all the Genesis weighting?
A: Once users unstake the genesis tokens, the genesis tokens will lose the power of genesis weighting.
Therefore, the user will lose the Genesis weighting on the 300 Genesis tokens withdrawn. However, he/she still enjoys Genesis weighting on the remaining 700 Genesis tokens.
Q7: If I purchase 1000 Genesis $NRO during presale and I purchase another 500 $NRO during public sale, and I stake all my $NRO, when I want to unstake 600 $NRO, will Neuron Finance unstake my Genesis $NRO first or the $NRO first?
A: The Genesis token pool and general Snapshot points pool are two different and independent pools. Therefore, users can selectively withdraw $NRO tokens from each pool, while the withdrawn genesis tokens will become the general $NRO token which lose the genesis weighting.
Q8: How much can I earn through staking ?
A: Users can earn snapshot points by staking $NRO, which is indispensable to get the quota of subscription. In the future, users can gain staking rewards from yield farming.
Q9: Snapshot points of each users are changing all the time, How do I calculate my quota of subscription?
A: When the 2nd round of snapshot is finished, Neuron Finance will calculate the snapshot points of each participant as well as the total snapshot points of all participants.
The quota of subscription of each participant will be calculated based on his/her snapshot points divided by total participants' snapshot points.
Q10: If I bought the Genesis $NRO token with 1000 BUSD in presale and wanted to withdraw 30% from the Genesis pool at the beginning, will the 30% of Genesis $NRO token need to experience 15 days lock-in period?
A: No, you do not need to wait 15 days for receiving the Genesis $NRO tokens. The Genesis token will arrive at your wallet immediately. Furthermore, for the upcoming linear unlocked Genesis $NRO tokens, it doesn’t need to experience 15 days lock-in period either.
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