Cancel an IDO

Conditions to cancel 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 cancel an IDO?

How to Cancel IDO on PadTON | Quick and Easy Guide

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 2: 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 3: Go to Your IDO

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.

Click on the "Listing" tab to view your created projects

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 5: Cancel project

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.

Cancel the Project

Conclusion

Canceling an IDO 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.