Written by
Zuzanna Krychowiak
Published on
Before you start
🔸 You have to create an account on Kanga Exchange here.
🔸 You will need USDT to buy your allocation. After your account is created, log in, and go to your Wallet to find your address.
🔸 Deposit USDT (choose one of the following networks: Tron, Ethereum, BSC, Polygon, Avalanche, Optimism or Arbitrum)
🔸 If you want to bid for a guaranteed allocation you will need to purchase some KNG tokens. You can buy them on the Kanga Exchange using USDT using Quick swap option.
👉 Important! In the case of most IEOs, Kanga offers a limited number of small-size guaranteed allocations available to everyone by auction (typically between 20 and 50). The rest is reserved for auction to users who stake KNG tokens (the more and the longer you stake the larger allocation becomes available). The highest bidder wins the allocation. The guaranteed allocations come with an auto-buy mechanism.
IEO event
🔸 On the day of the sale, navigate to the respective IEO Page of the you wish to purchase and bid on the available allocation package and/or contribute to the open pool (FCFS phase).
🔸 The Allocation phase starts at 10:00 AM UTC.
🔸 In the case of the Allocation Phase, bidding the smallest possible amount of KNG is not always the best option as some other users may outbid you in the auction. Just remember, when you win the auction our system will keep the amount of KNG you used to bid.
🔸 If you win the auction you will automatically receive a guaranteed allocation. However, you can still take part in the second round which is run on a FCFS basis given that you haven’t matched the maximum buy during the first round.
🔸 The open pool of Public Round starts at 11:00 AM UTC and will last for 2 hours.
🔸 The open pool of Private round with 35% discount will open at 15:00 PM UTC.
Please remember to DYOR!