How it works
The IDO consists of two consecutive 24 hour phases:
- Sale period: USDC may be deposited or withdrawn from the pool. SLND price will fluctuate based on the size of the pool.
- Grace period: USDC may only be withdrawn from the pool. SLND price will only go down in this phase.
Afterwards, depositors can redeem an amount of SLND tokens proportional to their share of the pool.