Cancel a Fair Launch
Conditions to refund a project
The primary condition for canceling a project is if it does not reach its soft cap by the end of the presale period. This ensures that the project has not gathered sufficient investor interest or funding to proceed effectively.
How to refund a Fair Launch?
Step 1: Connect wallet
Connect wallet, If you don't know how to connect your wallet, Click here to see instructions for connecting your wallet
Step 2: Go to IDO screen
At header, Click IDO to go to IDO screen
Step 3: Navigate to Your IDO screen
At IDO screen, click on "Go to your IDO" at banner before the footer
Step 4: Access Listing Tab
Access Listing Tab, on the Your IDO screen, click on the "Listing" tab to view your created projects.
The Listing tab categorizes your projects by status. This tab is crucial for finding projects that are eligible for finalization or cancellation.
Step 5: Select Your Project
Choose the project with the "Sale End" status and it does not reach its soft cap that you wish to cancel, click the "View" button to access the project details.
Step 6: Cancel the Project
Click the "Refund" button to cancel the project.
During the cancellation, the system will automatically:
Investor Refunds: Refund all TON investments back to the investors’ wallets. Investors will go to the project details page to claim the number of TON they invested
Token Return: Return all tokens allocated for the presale back to the project owner’s wallet.
Conclusion
Canceling a fair launch involves several critical steps, from accessing the project management dashboard to initiating refunds. By following these detailed guidelines, project owners can ensure a smooth and transparent cancellation process, maintaining trust and integrity within the community. This process ensures that all investors are refunded, and tokens are returned to the project owner, allowing for potential future relaunches or re-evaluation of the project strategy.
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