👥LGE for Investors

A LEAP from SmartDeFi is quite different from any other presales you may be used to.

For example one notable difference is the fact that it's more secure - the system will take the BNB invested, place it in LP tokens, then it will lock LP tokens in vesting. It will only unlock them in batches, in time, based on a vesting schedule, this way preventing people from dumping on the market. Make sure that the developer has placed a large % of the supply into LEAP in order for this to work.

Also another key feature is the fact that when the LP batches do unlock and user claims their share, the system does not allow the user to take the SD tokens out of LP and then dump on the market, instead the system burns those SD tokens, thus ensuring the SD to BNB ratio in the LP pool remains the same and so the price does not drop when users take out profits via their shares.

You can read more about it on the LEAP Fundraising page, for now let's proceed with the guide.

1. How to find presales

In the main menu on FEGex.com click on "Presale" tab and now you'll be presented with 4 categories populated with presales in various stages called Live, Upcoming, Completed and Failed. For your current purpose you'll be interested in the presales in the Live category, as you can only join a presale that's already started, so clicking on the Live button will load all the presales currently running. To see more info about a presale you will click "Open LGE" on the presale you are interested in. You will now be presented with all the information possible about this presale, all in the hopes that you will read it properly in order to make an informed decision.

1.1 Study the presale carefully

Think long and hard and pay close attention to all the settings the project has chosen for the presale, as it can make all the difference between a solid project with a future ahead of it and a project whose only intention is to steal your money. On this subject, the two most important settings you need to be wary of are "Supply for LP" and "Dev share". Both these and all other settings are explained in the drop-down menu below if you'd like to educate yourself on the subject, which we strongly recommend you do, before investing in anything.

Click here for a detailed explanation of what each information row means !

Timeline

Start time - the date, hour and minute when the presale is set to start

End time - the date, hour and minute when the presale will end, unless hardcap is reached in which case it will end as soon as hardcap is met

Duration - shows you actual number of days the presale will be online for until the end time

Vesting - tells you how much percentage of your bought LP you can claim per share and how many days you have to wait between claims, so if for example it says 20% every 30 days then it means you can claim a share 5 times (5x20=100), 20% right after presale ends and then in 30 days another 20% and so on

Price after presale - it is the price which which this SD token will launch right after presale ends

Presale details

Supply for LP >>very important<< - pay very close attention to this setting, if it's at 100% then the odds are very good that this is a legit project as it means the developer has chosen to place the entire supply of the project into this presale and it did not hold back anything in their own wallet, so they cannot dump on investors after the presale ends. If for example it is at 50% it means they held back half of the total supply, which is a very big risk for you. Their reason to hold back supply may be legit (funds for CEX listing), then again it may not.

Hard cap - it's the maximum amount of BNB the project needs in order to close the presale successfully and launch the trading publicly

Soft cap - this is the minimum amount of BNB needed to launch the project, if it doesn't reach this level then the presale will fail. Note that if hard cap is not reached, this will affect the price with which the SD token will launch

Max buy - every investor will be limited, per wallet, by this setting in how much they can invest for this presale

Dev share >>very important<< - sometimes a project may choose to take a percentage of the gathered LP in the presale and place it in a developer wallet, reasons could be many, for example they can use the profits to pay for their dev team. Do be wary of this setting thou, as it means if you invested 10 BNB in the presale and the dev share is 50% then you automatically lose half of your invested funds, because they go to the dev share instead of your share, so you're left with a 5 BNB investment. The dev share is subject to the same vesting schedule as your shares.

LP distribution

BNB pair - it tells you what percentage of the total gathered BNB and the total SD tokens go into the new BNB/SD liquidity pool pair

FEG pair - it tells you what percentage of the total gathered BNB and the total SD tokens go into buying FEG and setting up the secondary liquidity pool of FEG/SD in order to enable arbitrage on this SD token immediately after he presale ends

Backing - shows the percentage of the total gathered BNB which will be injected into the asset backing pool for the SD project when presale ends

LP on hard cap

BNB pair LP - it tells you precisely the number of BNB and SD tokens that will go into the BNB/SD liquidity pool pair, if all BNB needed for hardcap is gathered

FEG pair LP - it tells you precisely the number of BNB that will be used to buy FEG and the number of SD tokens that will go into the FEG/SD liquidity pool pair, if all BNB needed for hardcap is gathered

Backing - the precise number of BNB that will be injected into asset backing

LP on soft cap

BNB pair LP - it tells you precisely the number of BNB and SD tokens that will go into the BNB/SD liquidity pool pair, from all the BNB gathered if presale ended with softcap

FEG pair LP - it tells you precisely the number of BNB that will be used to buy FEG and the number of SD tokens that will go into the FEG/SD liquidity pool pair, from all the BNB gathered if presale ended with softcap

Backing - the precise number of BNB that will be injected into asset backing

Raised

Live count of invested funds which updates as soon as someone invests in the presale. If for example it says 26 / 100, the first number is how much BNB has been invested so far and the last number is the hard cap limit where the presale ends automatically.

2. Enter a presale

While you're looking at the information for a presale, If you like what you see and would like to invest in it, you can click on the "Select" button and pick the coin or token you'd like to use in order to invest. Normally you'd pick BNB (or ETH if on Ethereum), however note that you can actually use any coin or token in your wallet to invest. For example you can invest USDT or even FEG and the system will auto-convert it to BNB and then place that BNB into the presale fundraiser. Once you've decided on the coin and the amount you wish to invest, just click on "Enter presale" and accept whatever approvals your wallet app asks you to in order for the transaction to execute.

3. Exit the presale before the end

If for some reason you wish to exit the presale before it ends and recover your money, you can do so. Simply go back to the presale, click on "Open details" and go where it says "Exit presale". This will send your investment back to your wallet in the form of wBNB, regardless of the coin you used in your initial investment, be it BNB, or USDT, or FEG, or anything else. If you exit a presale and then change your mind, you can enter that presale again but you may only do it one more time and that's it, after that the system will block you from re-entering if you exit yet again.

You can exit a presale whenever you wish, up until the moment the presale ends

4. Claiming funds after presale end

A presale can end in 3 ways and this will also affect the way you can recover the funds invested in it.

4.1 Presale ended at Hardcap

If the presale was completely successful and managed to gather all the BNB needed, then the presale will end at the exact moment that hardcap is reached, regardless if this happens barely 1 day after the presale started and the initial time limit was set for another 60 days. At any point after the presale ends you will need to go to the Presale page on FEGex, in the "Completed" category, open your specific presale and click on "Enable shares" button in order for all investors to be able to start claiming their shares based on the vesting schedule the project initially set up for this particular presale. Note that once this button is activated it will stop showing up for all other investors, which is ok. Now you will notice a button called "Claim shares". In order to claim the entirety of your currently unlocked share simply type 100 (as in 100% of the share) and click the button. This will cause your unlocked share of the LP tokens to be burned and: - for the SD/BNB pair the SD tokens will be burned and you will receive the BNB they were paired with, plus the BNB for the asset backing for said burned SD tokens - for the SD/FEG pair the SD tokens will be burned and you will receive the BNB for the asset backing value, plus you will receive the FEG tokens in your wallet to do with as you wish

If for some reason you come say 2 years after the presale is ended, basically all of your shares are unlocked as the vesting schedule is long ended by now, however you still cannot claim everything at once. There is a hardcoded limit of a minimum of 7 days cooldown between claims. This way the system ensures the LP size is not heavily affected if someone with a very large share of the total LP comes and tries to take it out all at once, after the vesting ends.

4.2 Presale ended at Softcap

Once the presale's time limit is reached and it has managed to gather the amount needed for softcap, it is considered the presale is successful and will be placed in the "Completed" category. At this point anyone (investor or not) can come in this menu, click on "Open details" and then in the new popup menu they can click on "Force end presale". Once the presale has been ended by an user, the dev or an investor needs to click on "enable shares" to let the investors claim their shares from the LP, based on the schedule the dev set at the start. Note that once this button is activated it will stop showing up for all other investors, which is ok. Now you will notice a button called "Claim shares". In order to claim the entirety of your currently unlocked share simply type 100 (as in 100% of the share) and click the button. This will cause your unlocked share of the LP tokens to be burned and: - for the SD/BNB pair the SD tokens will be burned and you will receive the BNB they were paired with, plus the BNB for the asset backing for said burned SD tokens - for the SD/FEG pair the SD tokens will be burned and you will receive the BNB for the asset backing value, plus you will receive the FEG tokens in your wallet to do with as you wish

4.3 Failed presale

The presale will automatically be moved in the "Failed" category if the time limit has been reached but it did not manage to gather enough funds to reach the Softcap minimum limit. At this point any investor can click on "Open details" and then in the popup menu find the "Abort presale" button. Once that is clicked and the transaction executes, the button will disappear for all other investors, which is ok. You will now be presented with the "Exit presale" button, clicking this will cause your presale funds to return back into your wallet, in the form of wBNB, so now you've recovered your money.

4.4 Lock LP

This option is very useful for people who wish to lock their LP tokens instead of claiming them. For example, in the case of the dev share, the dev can choose to lock their LP tokens in order to give a better sense of security to the project investors, in the sense that they know the LP will not become thin because the dev cannot burn their LP share, as its locked using this option.

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