IDO Participation Guide

Launchpad Steps

At first, you need to buy and stake your OCC tokens - head to dedicated parts of this section to find out more about those topics.

To register for an IDO, you must wait until the registration is opened for a specific IDO — announced in our social media channels. Once that is done, you will be able to click on the “Register button”, highlighted in the red square in the screenshot below. If the registration has not yet opened, the register button will say “Register soon” in the same place as the register button.

Once Registration is opened — Click “Confirm Registration” and you’re set! Please note — if you register and you are whitelisted, you may have to observe a cool-off period according to your tier even if you don’t participate in the IDO.

When the time comes, you’re ready to participate in the IDO. Approximately 24 hours before each IDO, a whitelist of all participants and their participation wave will be posted in our Telegram Announcement and Discord channels.
To view the results, connect your MetaMask to https://razer.occam.fi and hover your mouse over “In queue” — which is highlighted with a red square in the visual below. This is only possible once the registration period has ended, and the whitelist has been published.

Once it is your time to participate, you will be able to click the “Buy” button — highlighted with a red square in the screenshot below.

Select the amount of tokens you wish you buy and click the purple button highlighted with a red square — in the image found above. Once you click the button, after you select the amount of tokens — a MetaMask pop up window will appear that will require confirmation of the transaction. Click the ‘Confirm’ button found within the MetaMask window — to buy the tokens.
Once the transaction has been confirmed on the Ethereum or BNB blockchain, a window will open that is visible in the image below.

After IDO - claim your IDO tokens!

This part of our tutorial only addresses the process of claiming ERC20 tokens. Usually Solana, BNB chain or Cardano projects decide to distribute tokens via airdrops. Keep in mind that sometimes a portion of the IDO tokens are locked. This is always clarified in IDO announcements, so make sure to check — so there is no confusion.

If a portion of IDO tokens are locked, this means you are airdropped or can claim a portion of the tokens almost immediately after the IDO, and the rest of the tokens via the same principle — at a later time. If you are aiming to save on gas fees, it is best to wait until all tokens are unlocked, and then withdraw them all at the same time.
To claim your unlocked ERC20 IDO tokens — open OccamRazer and scroll down until you see ‘Active’ and ‘Finished’ Tabs — which are highlighted in the image below

Click on the ‘Finished’ tab. This will open a list of successfully performed IDOs. Find the window of the IDO in which you participated. Click on the ‘Detailed Information’ button which is highlighted with a red square in the image below.

Once a new window opens, click ‘Claim’ — which is highlighted with a red square.

Confirm the transaction via the MetaMask pop-up, and wait for the transaction to complete.

Once you see this ‘Congratulations’ it means that the transaction has been completed and the tokens you purchased via the IDO are in your MetaMask wallet

What are the waves? How is my wave determined?

All registered participants are placed into “waves”. The waves concept is implemented into our launchpad for two purposes. The first purpose being — the elimination of so called ‘gas wars’ in which users providing the most gas fees get to participate in the IDO whilst those that cannot afford extremely high gas fees get left out. This is extremely unfair and non-egalitarian, and contrary to our vision

The second purpose of waves is to provide equal access to IDOs. There is a great amount of interest for IDOs and the project’s allocations provided for IDOs are not high enough to provide everyone with a fair share. That is why for each IDO — users are randomly placed in waves, wherein the users can only participate during their individually assigned wave.

Almost all IDOs get sold out before the fourth wave, whilst there are twelve waves — which means some users do not get to participate in the IDO, even though they have registered. However, over time, this is balanced out, as the users are randomly placed in waves — and sooner or later a user gets placed in the first, second or third wave, which virtually guarantees participation.

The first wave, in which IDO participation is guaranteed — lasts for 1 hour. Every wave after the first wave lasts for half an hour. A user can only participate in an IDO during their assigned wave. To view your wave and the time schedule of your wave, hover over “In queue”.

Tier 1 & 2 OCC stakers are automatically placed into Wave 1 — as they receive guaranteed allocation. All other users with tiers 3–5 are randomly assigned to their wave. Users in tiers 3–5 can also be placed into wave 1!

The wave assignment is performed with a fair system we call the random draw mechanism. The random draw mechanism performs the random assignment according to the so-called ‘participation multiple’ which each user possesses — according to their tier. The higher the participation multiple — the higher the chance to get assigned to wave 1, or close to wave 1. This consequently results in a higher chance to participate in an IDO. Participation multiples are often colloquially called ‘tickets’.

The random draw mechanism works in the following way: we compile a list of all wallet addresses that have completed the KYC process and applied for a select IDO. We then announce which block on the Cardano blockchain, that is not yet validated, will be used to generate a final list, from the pre-random list. This to-be-validated block is selected so that the validation of the block occurs some 24 hours before the IDO.

Upon validation, the block’s hash is generated. This hash is essentially the block’s name, or designation, and it cannot be known or foreseen — until the moment it is validated.
The pre-random list is then ‘processed’ by the software written by Occam.fi developers according to the hash, or to be exact — according to the letters, numbers and their order within the hash that represents the block’s “name”.

When the processing is completed, the final list is generated with all the participants that have won an entry into an IDO. The “commitment” of the random generation to a block’s hash enables our users to check the random list generation themselves when the block is validated, and it also enables that no one can affect the outcome of the final list generation, because of how the Cardano blockchain works

The software’s code that is performing the operation on the pre-random list and generating the final list will be published on GitHub or a similar website — ready for public scrutiny and evaluation.

All this ensures that the process is fully random, and that the OccamRazer users, and others, can check the integrity and unpredictable randomness of the software.

OccamRazer users take note: every IDO has its own whitelist with wave assignment and participants that belong in tier 3 to 5 — will almost certainly be assigned to a different wave in each IDO they participate. Luck in past IDOs does not affect future wave assignment.