FAQ - Participate to an ILO

What does "ILO" mean?

ILO stands for "Initial Liquidity Offering". A project may need to raise funds which will be partly used to create a liquidity pool allowing trading to start smoothly and partly to fund the project.

Where do I start?

Start from the section dedicated to ILO in this documentation. Make sure you read through the subpages to understand how to participate but also assess what risks you are ready to taking.

What are the risks?

The Unicrypt ILO platform is decentralized, hence any project with an idea and a minimal understanding of blockchain technology can create an ILO and raise funds: Unicrypt does not decide who can list and who cannot. A project is considered high risk when there is no audit nor KYC flag / tick. That being said, an ILO with fully audited smart contracts and a KYCed team does not mean it is a safe investment. Note: KYC information should never be shared not released if the project team fulfilled their objectives.
Always Do Your Own Research (DYOR) and invest only what you can afford to lose.

TLDR (too lazy, didn't read)

Simple steps describing how to join an ILO are described here, and are followed by a tutorial video.

What time zone is showing on your app?

Always your local time, i.e. the time of your computer/device.