# IFO (Initial Field Offering)

Buy Fan Tokens using GOAL-BNB LP tokens. 

The project gets the BNB, Fanatics Finance burns the GOALS. **You get the tokens.**

1. **You will need GOAL-BNB LP tokens** to participate.
2. **GOAL tokens equating to half of the total funds raised will be burned forever**: If the full $1,000,000 USD allocation is raised, then $500,000 of GOAL tokens will be burned.

## **How to participate in an IFO**

Visit <https://fanaticsfinance.com/ifo> to find out more about IFOs.

Before Sale:

1. [Buy GOAL](https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB\&outputCurrency=0xE5b57E6e1b945B91FEE368aC108d2ebCcA78Aa8F) and BNB tokens
2. [Get GOAL-BNB LP tokens](https://exchange.pancakeswap.finance/#/pool) by adding GOAL and BNB liquidity

During Sale:

1. While the sale is live, commit your GOAL-BNB LP tokens to buy the IFO tokens at <https://fanaticsfinance.com/ifo>

After Sale:

1. When the sale is complete, claim the IFO tokens you've bought. Your unspent funds will also be sent back to you.
2. Done! In the case of an overflow you can unstake your remaining GOAL-BNB LP tokens.

{% hint style="info" %}
*If you decide to acquire GOAL-BNB LP tokens before the IFO starts, you can stake them in the* [*GOAL-BNB*](https://fanaticsfinance.com/farms) *Farm to earn GOAL token rewards while waiting for the sale.*
{% endhint %}

{% hint style="warning" %}
*While you are holding GOAL-BNB LP tokens you will be at risk of* [*Impermanent Loss*](https://academy.binance.com/en/articles/impermanent-loss-explained)*.*
{% endhint %}

## **What is the “Overflow” sale method?** <a href="#overflow" id="overflow"></a>

TLDR: Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent.

In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on the amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale.

{% hint style="warning" %}
*It's possible to receive no tokens at all: If you commit a very small amount of LP tokens compared to the total amount committed by others, your contribution may be such a small part of the total that you may not qualify for even a small portion of the tokens sold.*\
*In such a case, you will still be able to reclaim all the GOAL-BNB LP tokens you committed.*
{% endhint %}

## What happens if the IFO doesn't raise all the funds targeted?

The sale will proceed as normal, and all funds contributed will be spent.


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