Initial Farm Offering (IFO)
An Initial Farm Offering (IFO) is used to launch a new token, bring in new liquidity for the token and reward early users
The JUMP Initial Farm Offering (IFO) distributes 2% (5 Million) of the total JUMP token supply over 6 months. The IFO event begins at mainnet launch. Participants must stake their JUMP tokens in the xJUMP single-stake pool to access the farming rewards.
Users are incentivized to keep their JUMP tokens staked in the xJUMP pool after the IFO event for continued access to all major platform utilities. Users earn platform revenues, tiered entry to Jump Pad IDOs and governance by staking in the xJUMP pool.