> For the complete documentation index, see [llms.txt](https://docs.capybara.exchange/english/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.capybara.exchange/english/getting-started/launchpad-ido.md).

# Launchpad / IDO

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### IDO (Initial Decentralized Exchange Offering)

Buy new project tokens using $CAPY token. The project gets the $CAPY, Capybara DEX deducts the participation fees in $CAPY. You get the new project tokens.

1. You will need locked $CAPY ($BARA) to participate in IDO.
2. You will need unlocked $CAPY to buy project tokens.&#x20;
3. You will need to meet&#x20;

#### How to buy $CAPY?

Option 1: Get crypto-currency on centralized exchange; then, convert them to $CAPY

1. Get some cryptocurrency on Kaia chain:
   * Get $KAIA on <https://m.bithumb.com/> or
   * Get $KAIA on <https://coinone.co.kr/>
2. Convert to $CAPY on \[link]. \*Remember to save some $KAIA for gas fee later.

Option 2: Buy $KAIA directly; then, convert them to $CAPY

1. Buy $KAIA on \[link]
2. Convert to $CAPY on \[link]. \*Remember to save some $KAIA for gas fee later.

#### How to lock $CAPY to get $BARA?

1. Go to \[link].
2. Lock your $CAPY to get $BARA.
3. The longer duration you lock it, the more $BARA you get; alternatively, you can also lock in more amount of $CAPY for a shorter duration.
4. \*You will need unlocked $CAPY to buy new project tokens on the day of IDO.

#### How to check your maximum allocation (how many tokens you can buy)?

1. Go to \[link] to participate in winning IDO allocation with your $BARA (locked $CAPY).
2. Your maximum allocation amount is your $BARA \* (multiplier). Each IDO has different multiplier but default is at around 7. For example, if you have 10 $BARA and the IDO multiplier is 7, your maximum allocation is 70. This means you can purchase a maximum of 70 project tokens.
3. On IDO allocation announcement date, go to \[link] to check your allocation (maximum amount of project tokens you can buy).
4. Make sure you have enough $CAPY (\*$BARA doesn’t count) on the IDO sale date to buy project tokens.

#### When an IDO would start?

1. Go to \[link] to check the IDO date and mark your diary.

#### How to buy project tokens?

1. Make sure you have enough $CAPY (not locked) in your wallet.
2. Go to \[link] to purchase project token with $CAPY when IDO sale starts.

#### What happens if the IDO doesn’t raise all the funds targeted?

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

#### Want to launch your own IDO?

1. Apply to launch now at \[form link].