Buoy Public Sale Buyer’s Guide
As our very successful Buoy public sale heads into its final hours, everyone is getting anxious to finally get their hands on Buoy. In order to simplify this as much as possible for everyone, this Medium article will serve as the go-to document for everyone who participated in the sale.
First, let’s do a quick little breakdown of how the end of sale is scheduled:
Step 1: The end date for the sale passes. Because the ETH network measures time in blocks, the exact time the sale ends isn’t too precise, but it will be sometime around Dec 22, 4:15 AM +UTC (a rough countdown is located here)
Step 2: Devs process the funds into the locking contract. At this point, tokens are officially available to withdraw.
Step 3: Once the funds are finished being processed through the contract and liquidity is injected into the pool, trading on Balancer is officially live.
Step 4: Devs then buy back Buoy from the Balancer pool, and use this to deposit the majority of development funds into Uniswap. After this, Uniswap trading is live, but with noticeably less liquidity than Balancer. (For all the traders out there, there will be plenty of arbitrage opportunities between these pools in the early stages, so keep your eyes open!).
Because these stages all involve interacting with various contracts, the time it takes to complete these end-of-sale steps is not exact. If the network is busy, it might take longer than normal to confirm the various transactions. But, best estimates would suggest the platform will be up and running on both Balancer and Uniswap 15 minutes after the sale ends.
Next, let’s look at how tokens are withdrawn after the sale ends:
Via the webapp:
The simplest way to redeem will be through the webapp. Simply click the button labeled “Withdraw” and complete the transaction. We have had ongoing issues with DDOSing, as well as some connection bugs in our webapp interface, so if the webapp isn’t working for you when the sale ends, we have an alternative method as well!
Claiming tokens through Etherscan is also quite simple. Navigate to the Buoy contract page, and connect the same wallet which you used to purchase your Buoy tokens. Then, simply scroll down, find the “withdrawBuoy” function, and press write.
After the transaction via either of these methods confirms, you will find Buoy in your wallet!
Lastly, here’s how to keep up to date:
Because of the unfortunate issues stemming from a scammer who doesn’t quite understand why DDOSing doesn’t hurt the Buoy platform, our website has been intermittently offline. Because of this, the easiest place to keep up to the minute with information is our telegram (https://t.me/BuoyChat) and our twitter (@BuoyToken). Any changes or updates which effect buyers will also be updated on this page as well.
If you have any questions or need troubleshooting, please reach out to @AlanStacks on Telegram and I will be more than happy to troubleshoot!