> For the complete documentation index, see [llms.txt](https://trove-labs.gitbook.io/jump-defi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://trove-labs.gitbook.io/jump-defi/products/jump-pad/initial-dex-offering-ido.md).

# Initial DEX Offering (IDO)

Jump Pad IDOs enable fair and decentralized public sales of tokens on NEAR Protocol, Telos and Mantle Network. IDOs allow the public to invest at the early stages of a project's lifespan; a benefit that used to be limited to VCs and other privileged market participants.

*Please refer to* [Jump Pad Applications](/jump-defi/resources/contact-us/jump-pad-applications.md) *if you are interested in launching your token via the Jump Pad.*

### Participate in Jump Pad IDO

Users stake xJUMP tokens in the Jump Pad Vault to participate in IDOs. Once the xJUMP is deposited into the Jump Pad Vault it is locked until completion of the sale. The xJUMP is locked to prevent users from double dipping their token allocations. 

Initial Dex Offerings on the Jump Pad are broken out into two rounds. The first round is the allocation round which is gated by xJUMP token. In the second round, all remaining tokens are made available to the public for purchase on a first come first serve (FCFS) basis.

**Note:** *xJUMP is received by staking JUMP in the the* [*xJUMP pool*](/jump-defi/products/xjump.md)*.* 

### Round 1: Allocation Round

The quantity of xJUMP staked in the Jump Pad Vault determines the users allocation tier, which defines the amount of tokens that can be purchased by the user in an IDO. There are six different Jump Pad allocation tiers: Bronze, Silver, Gold, Tungsten, Platinum, Diamond. 

*More details on Jump Pad allocation tiers will be announced soon.* 

### Round 2: First Come First Serve (FCFS)

In round 2, any unsold tokens become available to the public for purchase on a first come first serve basis. The FCFS round remains open until all tokens are sold and the IDO is concluded.

#### Disclaimer: Investing in early fundraising rounds like Initial DEX Offerings is inherently risky. Users are responsible for their investments. Always remember to do your own research and never invest more than you can afford to lose.


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