# IFO (Initial Farm Offering)

## Intro

Buy new tokens using EGG-BUSD LP tokens. 

The project gets the BUSD, Goose Finance burns the EGG. **You get the tokens.**

1. **You will need EGG-BUSD LP tokens** to participate.
2. **EGG tokens equating to half of the total funds raised will be burned forever**: For example the full $1,000,000 USD allocation is raised, then $500,000 of EGG tokens will be burned.
3. All IFO involves risk. We did our due diligence but we cannot be 100% sure the team behind isn't malicious. Please do your own research and do not invest anything more than you are willing to lose

## **How to participate in an IFO**

Before Sale:

1. [Buy EGG ](https://exchange.goosedefi.com/#/swap) and BUSD tokens
2. [Get EGG-BUSD LP tokens](https://exchange.goosedefi.com/#/pool) by adding EGG and BUSD liquidity

During Sale:

1. While the sale is live, commit your EGG-BUSD LP tokens to buy the IFO tokens at <https://www.goosedefi.com/ifo>

After Sale:

1. When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
2. Done! In the case of an overflow you can unstake your remaining EGG-BUSD LP tokens.

{% hint style="info" %}
If you decide to acquire EGG-BUSD LP tokens before the IFO starts, you can stake them in the [EGG-BUSD Farm](https://www.goosedefi.com/farms) to earn Egg token rewards while waiting for the sale.
{% endhint %}

{% hint style="warning" %}
While you are holding EGG-BUSD LP tokens you will be at risk of [Impermanent Loss](https://academy.binance.com/en/articles/impermanent-loss-explained).
{% endhint %}

## **What is the “Overflow” sale method?** <a href="#overflow" id="overflow"></a>

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

{% hint style="warning" %}
It's possible to receive no tokens at all: If you commit a very small amount of LP tokens compared to the total amount committed by others, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold.\
In such a case, you will still be able to reclaim all the EGG-BUSD LP tokens you committed.
{% endhint %}

![](/files/-MWHbXAJGpf82M8FtLqF)

## What happens if the IFO doesn't raise all the funds targeted?

The sale will proceed as normal, and all funds contributed will be spent.

## Want to launch your own IFO?

Launch your project with Goose Finance, Binance Smart Chain’s #3 project and liquidity provider, to bring your token directly to the most active and rapidly growing community on BSC.

[**Apply to launch**](https://docs.google.com/forms/d/e/1FAIpQLSe7ycrw8Dq4C5Vjc9WNlRtTxEhFDB1Ny6jlAByZ2Y6qBo7SKg/viewform?usp=sf_link)

## How about the liquidity?

20% of the raised fund will be used to provide liquidity and locked for 1 month after the IFO. The amount will be ejected back to the other party by interacting with our contract.


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