> For the complete documentation index, see [llms.txt](https://smartlaunchpad.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://smartlaunchpad.gitbook.io/docs/ido-mechanism.md).

# IDO Mechanism

### Token Sale Process

As mentioned previously, there are three ways to participate in the IDO on SMARTLAUNCHPAD. 

Token Sale Process consists of 6 stages as follows:

1. Register
2. Lottery
3. Guaranteed Allocation
4. Allocation Distribution
5. Public Sale (FCFS)
6. Token Vesting

#### Register

* Users register to participate in the token sale by entering KYC
* Do some tasks to accumulate points

#### Lottery

Users of Tier 1, and 2 will receive fixed tickets. They are not guaranteed to win their slots for IDO. 

If users want to increase their chance of winning lottery, they need to participate in more social tasks and SMARTLAUNCHPAD's service to accumulate more points for their tickets.

#### Guaranteed Allocation

Users of Tier 3, 4, and 5 will receive guaranteed allocation to participate in the token sales. 

#### Allocation Distribution

Users will receive a purchase spot corresponding to the winning ticket. Users then deposit funds in accordance with the ticket size to confirm their allocation.

#### Public Sale Round

The remaining tokens will be sold in the Public Sale Round.

Eligible participants:

* Users who joined Register to join in IDO
* Except users who successfully bought in Allocation Distribution Stage
* Users who weren’t selected in the Lottery Stage will be allowed to participate

Public Round is First Come First Served (FCFS) with a buy limit for each wallet decided by SMARTLAUNCHPAD and the project team.

#### Token Vesting

Vesting schedule is different for each project as it is decided by team SMARTLAUNCHPAD and Project's partners.