# IFO

**Initial Farm Offerings (IFO)** are a new type of token sale event popularized by Decentralized Exchange (DEX) platforms, and Boltr also did not miss this kind of service initiative to bring decentralize finance to the next level.

This IFO works by participation on Stake **BOLTR** to earn other assets that were listed on IFO sections. This mechanism could help startup projects in increasing awareness of their project and gain users in their early stages. On the last day of their IFO period, a snapshot of TVL will be taken by Boltr to allocate 2% liquidity of Boltr based on the TVL value on the snapshot. You may read the IFO allocation tokenomics [here](https://boltrswap.gitbook.io/boltr/boltr-documentations/tokenomics).

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{% tab title="Procedure" %}

1. **Token X** apply for IFO listing in Boltr through this [form](https://forms.gle/VRjFj6uFZH1QVGaH7).
2. **Token X** already been approved after security review on its contract.
3. **Token X** provide amount of allocation into the IFO pool.
4. User have to stake their BOLTR in the IFO in order to earn **Token X**
   {% endtab %}

{% tab title="Results" %}

1. Boltr will make a snapshot of TVL in the last day of Token X IFO.\
   **i.e** Total value of lock of Token X = 10,000 BOLTR
2. Boltr will allocate 2% from the TVL in purpose of Token X liquidity in swap function.\
   **i.e** \
   \&#xNAN;*2% X 10,000 BOLTR = 200 BOLTR*
3. 200 BOLTR will be allocated to liquidity of BOLTR/TokenX
   {% endtab %}
   {% endtabs %}