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Fjord Docs
A practical guide for joining sales, launching projects, understanding claim timing, and finding the right Fjord product links.
Buying into a sale
Participants
Compare sale formats, understand timing, and know when tokens or refunds become available.
Open sectionLaunching a sale
Creators
Choose the sale format, set buyer limits, and prepare the public project page.
Open sectionBefore going live
Sale setup
Know the price, timing, buyer access, claim plan, and rewards before publishing.
Open sectionSale types
Choose the format that matches the launch
Each sale format supports a different launch style. Choose based on how price should be set, how buyers should enter, and when final token amounts should be known.
Known price for the full sale
Fixed Price
Use this when you already know the token price and want buyers to purchase at that same price for the whole sale.
- Best for straightforward launches with a clear price and token amount.
- Creators choose what token is sold, what buyers pay with, when the sale runs, and how much each wallet can buy.
- If the sale does not meet its minimum target, buyers can refund after the sale closes.
Structured price bands
Tiered Price
Use this when you want staged pricing, such as early buyers getting access to a lower price before later tiers open.
- Each tier has its own price, token amount, and optional timing.
- The sale moves through one tier at a time as each tier fills or ends.
- If a tier is almost sold out, buyers may need to enter a smaller amount.
Market-led price
Price Discovery
Use this when the market should help discover the token price during the sale instead of starting from one fixed price.
- The live sale page shows the current price and sale progress.
- Pricing can change during the sale, so buyers should review the current rate before each purchase.
- Claiming and sale timing may differ from fixed price, tiered price, and batch price sales.
Final amount after close
Batch Price
Use this when you want all accepted buyers to receive the same final price after the sale ends.
- Buyers enter how much they want to contribute during the sale.
- Final token amounts are shown after the sale closes.
- If demand is higher than the sale size, part of a buyer's contribution may be refunded.
Sale lifecycle
How a sale moves from open to claim
Every sale moves through the same set of phases. Knowing them explains why claiming is not always instant and what each status on the sale page means.
- 1
Pending
Before startThe sale is created but not open yet. The creator can still cancel it during this window. Once the sale starts, it can no longer be cancelled.
- 2
Presale
Optional, firstA gated phase that requires FJoints to take part. Not every sale has one, and it is configured by Fjord rather than the project. See Presale & FJoints.
- 3
Whitelist
OptionalOnly approved wallets can buy, sometimes with per-wallet limits or tier access. It has its own cap and end time. See Whitelist & access.
- 4
Public
Open phaseOpen to anyone within the sale's wallet limits, until the sale's end time or until it sells out.
- 5
Ending
After end or sold outWhen the end time passes or the sale sells out, it waits to be finalised. Finalising is not automatic — anyone can trigger it, but until someone does, nothing can be claimed or refunded.
- 6
Closed or Failed
Final stateIf the sale met its minimum target, it closes as successful. If it did not, it fails and buyers can be refunded (minus any buy fees already paid).
- 7
Claim window
After closeClaiming opens at the sale's redemption time, which can be later than the moment the sale closed. Claim or refund using the same wallet you bought with.
Fixed Price
Fixed Price in detail
One price per token for the entire sale. The simplest format when you already know the price.
One price throughout
Every buyer pays the same set price per token for the whole sale. No bidding and no bands.
What leaves your wallet
You pay the price times the amount you buy, plus a buy fee added on top, so the total leaving your wallet is a little more than the headline cost. See Fees.
Wallet limits
Each wallet has a minimum first purchase and a maximum total it can buy across the whole sale.
Selling out early
Once all tokens are allocated, the sale is sold out and can be finalised before its end time.
Can be oversubscribed
A fixed-price sale can optionally cap demand. If buyers contribute more than the cap, a lottery or pro-rata split decides allocations. See Oversubscription.
If it under-raises
If the sale does not reach its minimum target, it fails and buyers can be refunded, minus any buy fees already paid.
Tiered Price
Tiered Price in detail
Several price bands filled in order, usually cheapest first. Good for rewarding early buyers.
Bands filled in order
The sale starts in the first tier and moves to the next as each one fills or ends.
A tier ends two ways
A tier closes when it sells out or when its optional end time passes, whichever comes first. A cheap early tier can close on time before you get in.
One purchase, one tier
A single purchase cannot span two tiers. If the current tier has fewer tokens left than you asked for, lower your amount; the rest may be available in the next tier as a separate purchase.
Per-tier limits
Each tier can set its own minimum and maximum per wallet.
No oversubscription
Tiered sales do not use lottery or pro-rata. Once the last tier is gone, the sale is sold out and further buys are rejected.
Price Discovery
Price Discovery (LBP) in detail
A market-led sale, also called a Liquidity Bootstrapping Pool. The price usually starts high and drifts down over time, and buying pushes it back up, so the market settles on a price.
Live, moving price
Instead of one fixed price, the sale shows a live price that changes as time passes and as people buy. You buy at the price shown when your purchase goes through.
Starts high on purpose
The opening price is set deliberately high to discourage bots and snipers. It is meant to come down, so the very start is usually the worst time to buy.
Why the price falls
Over its run, the sale gradually shifts the balance between the project token and the payment token. That shift pushes the price down on its own — even with no buyers — until demand meets it.
Demand pushes back up
Buying raises the price, so strong early demand can hold it up while quiet demand lets it keep falling. Buy when the live price looks fair to you.
Buy Only or Buy & Sell
Some of these sales let you sell back during the event; others are buy-only. The sale page shows which mode is in use.
Limits and access
There is usually no per-wallet cap, though a creator can set an overall hard cap or gate access with a whitelist. Check the sale page.
Fees and slippage
A swap fee and platform fee can apply and are shown on the sale page. You can also set a slippage tolerance on each purchase. See Fees.
Claiming after the event
You cannot claim during the sale. Tokens become claimable after it ends, sometimes after a short delay or on a vesting schedule. See Vesting & claims.
Price Discovery for creators
Creating a Price Discovery sale
A Price Discovery (LBP) launch is the most configurable sale type. This is the full reference for the choices you make and what they do.
Start with zero funds up front
Price Discovery sales use virtual liquidity: the payment-side reserve that shapes the price curve is synthetic, so you never lock real payment tokens to launch. You only place your project tokens in the pool. Starting a sale with no capital up front is a core advantage of this format.
Weights set the price curve
The start and end weights are the balance between your token and the payment token. A high start weight and low end weight create a steeper price fall and distribute more of your tokens. The default is 90/10 to 10/90.
Pick weights for your distribution goal
Fjord's recommended recipe is 99/1 to 1/99, which aims for close to full token distribution. Less extreme end weights, such as 70/30 or 60/40, distribute fewer tokens and keep more of a price floor.
Set the starting price high
Set the opening price well above your expected fair value. A high open deters bots and is meant to fall until real demand meets it. Too low an open invites snipers at the start.
Buy Only or Buy & Sell
Buy & Sell lets participants sell back during the event for fuller price discovery, but the price can swing down as a result. Buy Only restricts the event to purchases. The mode is shown publicly on the sale page.
Caps, access, and limits
There are no per-wallet limits on a Price Discovery sale. You can set an optional hard cap on the total payment token raised, and gate access with a whitelist for a private or partner launch.
Vesting and claim timing
Buyers cannot claim during the event. Release tokens immediately at the end, add a redemption delay (useful if you want to set up trading first), or vest over time with an optional cliff. Vesting starts at the sale's end.
Fees and payout
A swap fee and platform fee apply and are shown on the sale page. The payment token you raise is sent to your wallet, minus the platform fee.
Settings reference
The create flow, step by step
- 1
Add your token
Enter your token's contract address and upload a token image (and an optional banner). If your token has transfer restrictions or hooks, test on a testnet first.
- 2
Choose the mode
Pick Buy Only or Buy & Sell.
- 3
Set quantities, weights, and timing
Choose how many tokens to offer, the payment token, the start and end weights, the starting price, and the sale window. The create flow previews the price curve as you go.
- 4
Add vesting (optional)
Release tokens immediately at the end, add a redemption delay, or vest over time with an optional cliff.
- 5
Fill in project details
Add a description, links, category, any geo-blocking, and social links so buyers can evaluate the launch.
- 6
Review and sign
Check the summary, approve your token spend, and sign the creation transaction. The sale is then indexed and goes live at its start time.
Batch Price
Batch Price in detail
Everyone contributes during the sale and shares one final price worked out at the close.
Final amount known at close
No one's token amount is fixed while the sale is live. Allocations are worked out when the sale closes.
One shared price
The final price is the total contributed divided by the tokens for sale. Your tokens are your share of the total contributions, so everyone pays the same average price.
Contribution limits
Each wallet has a minimum and maximum amount it can contribute.
Hard cap
A sale can set a cap on total contributions. Reaching it sells the sale out early.
If demand is capped
If the sale caps accepted demand, contributions above the cap are refunded — split pro-rata (overflow) or chosen by lottery. See Oversubscription.
Oversubscription
When demand is more than the sale can accept
Some sales accept only up to a set amount. If buyers contribute more than that cap, one of two methods decides who gets what.
Overflow (pro-rata)
Everyone's accepted amount is scaled down by the same proportion so the total matches the cap. You always get a slice, and the unaccepted part of your contribution is refunded.
Lottery (random)
Wallets are selected at random until the cap is filled. A wallet can be fully accepted, partly accepted, or not accepted at all. Anything not accepted is refunded.
Results come after close
With either method you only learn your final accepted amount after the sale closes and the result is worked out. Refunds of unaccepted contributions arrive when you claim.
Tiered sales are different
Tiered sales never oversubscribe — they simply sell out. Oversubscription applies to fixed-price and batch sales when the creator enables it.
Presale & FJoints
FJoints-gated presales
Some sales open with a presale that is gated by FJoints — the token you earn by staking $FJO.
What a presale is
An early phase that only buyers spending FJoints can join, before any whitelist or public phase opens.
FJoints are spent, not staked
To buy in a presale you spend FJoints alongside your payment token, at a set ratio per unit contributed.
FJoints are burned for good
FJoints used in a presale are burned and never returned — even if the sale fails or your payment token is refunded. Treat them as spent.
Its own cap and timing
The presale has its own contribution cap and end time. When it ends, the sale moves on to its whitelist or public phase.
Set up by Fjord
Presale terms are configured by the Fjord protocol, not the project creator.
Whitelist & access
Who can buy, and when
A whitelist phase can run before the public phase to limit who can take part. Access can work three ways.
Approved wallets
Only wallets on an allow-list can buy. If you are not on it, you cannot take part in this phase.
Per-wallet amount caps
Each approved wallet has its own maximum it can contribute, on top of the sale's overall limits.
Tier access
In tiered sales, the list can control which price band a wallet is allowed to buy from.
Proving access
Eligibility is usually proven from a list the creator publishes. The sale page will tell you whether your wallet qualifies.
Its own cap and end
The whitelist phase can have its own total cap and end time, separate from the rest of the sale.
Vesting & claims
Gradual token release
Some sales release your tokens over time instead of all at once.
Delivered as a stream
A gradual release is delivered as a transferable stream held in your wallet. You can move it to another wallet if you choose.
Cannot be cancelled
Once a release stream starts, no one can cancel it — the creator cannot claw back your vesting tokens.
Start unlock
A schedule can release a portion immediately when vesting begins.
Cliff
A cliff is a date before which a chunk stays locked, then unlocks all at once when the date arrives.
Linear release
Whatever is not unlocked at the start or cliff is released steadily until the schedule's end date.
Fees
What you pay and when
A few different fees can apply to a sale. Some matter to buyers up front; others apply to creators at the close.
Buy fee (buyers)
Added to every purchase in the payment token. The total leaving your wallet is your contribution plus this fee.
Platform fee (creators)
Taken from the final raised amount on a successful sale.
Penalty fee
Can apply if a sale fails or if tokens go unsold.
Refunds are not whole
If a sale fails you can be refunded your contribution, but buy fees you already paid are not returned. No platform fee is taken from a failed raise.
Referrals
Earning and claiming referral rewards
Some sales reward you for bringing in buyers. When enabled, the rules below apply.
Earn the right to refer
You usually need to have contributed at least a minimum amount before you can generate your referral link.
Buyers bind to one referrer
When a buyer uses a code on their first purchase they are tied to that referrer for the whole sale. They cannot switch later, and you cannot refer yourself.
Rewards finalise at close
Referral rewards are worked out after the sale closes. Under oversubscription they scale with the amount actually accepted.
Claimed separately
Rewards are not paid automatically when you claim tokens. Use the claim-rewards action to collect them.
Liquidity after sale
Trading once the sale ends
A creator can set up a trading pool automatically when the sale closes.
Auto-seeded pool
At the close, the sale can use part of the raised funds and tokens to seed a trading pool, so the token is tradable soon after.
Locked liquidity
The resulting position can be locked for a set period before the creator can withdraw it.
For buyers
Whether and where you can trade after a sale depends on the creator's setup. Check the sale page for trading links.
Anti-snipe
Why some sales only work in the app
To keep bots from sniping a launch, some sales require every purchase to be approved through the official Fjord app.
Buy through the app
For these sales you cannot buy directly from the contract or a block explorer — use the sale page in the Fjord app.
Why it exists
The approval step blocks automated scripts from front-running real buyers at the start of a sale.
$FJO
$FJO, staking, and tokenomics
Use these links to find the current $FJO purchase path, staking information, tokenomics stats, and buyback or burn figures.
Token access
Buy $FJO
Use the live app links when buying $FJO so you see the current network and available purchase options.
Rewards
Stake $FJO
Staking $FJO can earn $FJO and FJoints rewards. Current staking positions are locked for six weeks before withdrawal.
Live figures
$FJO tokenomics
Use live staking stats for current supply, staked $FJO, rebought $FJO, and burned $FJO.
Supply updates
Buyback and burn
The staking page reports total $FJO rebought and burned. These numbers can change over time, so use the live page for current figures.
For sale participants
Participating in a token sale
Use the sale page as the source of truth. Every sale can configure different access rules, caps, supported chains, and claim timing.
- 1
Review the sale
Check the sale type, what buyers pay with, network, start and end time, funding goal, wallet limits, who can join, and when tokens can be claimed.
- 2
Connect and approve
Connect the wallet you want to use. If your wallet asks for permission to spend the payment token, approve it before buying.
- 3
Buy or swap
Enter the amount you want to contribute. The sale page will show what you are buying and whether the final amount is known now or after the sale closes.
- 4
Track the close
After the sale ends, watch the sale page for the final status. It will show whether claiming, gradual token release, or refunding is available.
- 5
Redeem
When the claim or refund button is available, use the same wallet you participated with to receive tokens, start a gradual token release, or claim a refund.
For sale creators
Creating a sale
Before creating a sale, turn the launch plan into clear choices buyers can understand.
- 1
Choose the sale type that matches the launch goal: fixed price for a simple known price, tiered price for staged pricing, batch price for one final price, or price discovery for a market-led launch.
- 2
Gather the basics: what token you are selling, what buyers pay with, which network you are using, sale dates, tokens for sale, funding goal, and wallet limits.
- 3
Decide who can join: everyone, invited wallets only, partner communities, referral links, or a mix of those options.
- 4
Decide when buyers receive tokens: right after the sale, on a specific claim date, or gradually over time.
- 5
Prepare the public sale page with project details, token information, links, visuals, launch partner context, and clear claim expectations.
- 6
Review every setup choice before publishing. Key sale settings may not be editable once the sale is live.
Sale setup
Before you create a sale
Use this checklist to prepare the decisions you need before opening the Create a Sale flow.
Pick the sale format
Choose fixed price, tiered price, batch price, or price discovery based on how you want buyers to enter.
Set the sale window
Choose when the sale opens, when it ends, and whether claiming should start immediately or later.
Define buyer limits
Set minimum and maximum contribution amounts so buyers know how much they can participate.
Choose access rules
Decide whether anyone can join or whether only invited wallets, partner communities, or referral links should work.
Plan token delivery
Decide whether buyers claim all tokens at once or receive them gradually over time.
Prepare the project page
Add clear project information, token details, links, visuals, and claim instructions before publishing.
Platform resources
Stats, referrals, and launch partners
Use these links for platform stats, project referrals, and sale referral rewards.
Platform context
Fjord Stats
Use live app stats for active sales, completed sales, staking totals, rebought $FJO, and burned $FJO.
Launch partner motion
Invite a Project
Projects preparing a launch can compare sale types and gather launch details before talking through partner support.
Growth rewards
Earn via Referrals
Some sales may support referral rewards. If enabled, the sale page will show how referrals work and when rewards become available.
After close
Claims and refunds
A sale ending does not always mean claiming starts immediately. The sale page will show the next available action.
Successful sale
The sale page will show when buyers can claim tokens and whether tokens are released gradually.
Failed sale
If the sale does not meet its minimum target, buyers can refund once the action appears — your contribution back, minus any buy fees already paid.
Delayed claims
Some projects set a future claim date or gradual token release. Check the sale page for the exact timing.
Claim deadline
If a sale has a claim deadline, claim before it passes. After it, unclaimed tokens can be permanently recovered by the protocol.
Glossary
Plain-language terms
The friendly words used across these docs and the sale pages, in one place.
FAQ
Common questions
Short answers for the cases users most often need before buying or creating a sale.
Can I make multiple purchases in one sale?
Yes, if the sale is still open, your wallet is allowed to join, and your total purchase stays within the sale limits.
What sale type should I choose?
Use fixed price for a simple known price, tiered price for staged pricing, batch price when buyers should share one final price, and price discovery when you want the market to help set price.
What is the difference between a lottery and an overflow sale?
Both handle more demand than a sale will accept. Overflow scales everyone down proportionally, so every accepted buyer gets some tokens. A lottery picks wallets at random, so you might be fully accepted, partly accepted, or not accepted at all and refunded instead.
Should I buy as soon as a Price Discovery (LBP) sale opens?
Usually not. The starting price is set deliberately high to deter bots and is designed to fall over time. Buying at the open often means overpaying. Watch the live price and buy when it looks fair to you.
Why is a Price Discovery price falling when no one is buying?
These sales gradually shift the balance between the project token and the payment token over their run, which pushes the price down on its own. Buying counteracts it, so quiet demand lets the price keep drifting down.
Can I sell my tokens back during a Price Discovery sale?
Only if it is a Buy & Sell sale. Buy-only sales do not allow selling during the event. The sale page shows which mode is in use.
As a creator, do I need to provide collateral up front for a Price Discovery sale?
No. Price Discovery sales always use virtual liquidity — a synthetic reserve that shapes the price curve — so you never lock real payment tokens. You only place your project tokens in the pool. Launching with zero capital up front is a core advantage of this format.
What start and end weights should I choose for a Price Discovery sale?
The default is 90/10 to 10/90. For close to full token distribution, Fjord recommends 99/1 to 1/99. Gentler end weights such as 70/30 distribute fewer tokens and keep more of a price floor.
Can I change the weights or price after my Price Discovery sale starts?
No. Weights, the price curve, and timing lock when the sale starts. You can pause and resume swaps, hide the sale, cancel before it starts, and withdraw the raised funds after it ends.
How long should a Price Discovery sale run?
Between 1 and 10 days. A few days, commonly 2 to 5, gives demand time to find a fair price.
Why did my tiered purchase fail?
The current tier may not have enough tokens left for the amount you entered. Try a smaller amount or wait for the next tier if the sale has one.
Why is claiming unavailable right after a sale ends?
A sale must be finalised before claims or refunds open, and the claim time can be later than the close. The sale page will update when the next action is available.
What happens if more people buy than the sale can accept?
Depending on the sale setup, only part of your contribution may be accepted and the rest may become refundable after the sale closes.
Do I get my FJoints back after a presale?
No. FJoints spent in a presale are burned and are never returned, even if the sale fails or your payment token is refunded.
What is a cliff in a vesting schedule?
A cliff is a date before which part of your tokens stay locked. When the cliff date arrives, that portion unlocks at once, and the rest continues releasing over time.
Why can I only buy some sales in the Fjord app?
Sales with anti-snipe protection require each purchase to be approved through the official app, which blocks bots. Use the sale page in the app rather than buying directly from the contract.
Are presale perks or referral rewards guaranteed?
No. Review each sale page carefully. Access rules, referral rewards, and reward timing can differ by sale.
Can I edit a sale after publishing?
Some project page details may be editable, but important sale choices can be locked once published. Review everything before going live.