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How to Participate in $SIPHER Initial Public Sale


Sipher
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This is where you can find the step-by-step guide that we have put together for the upcoming $SIPHER Initial Public Sale [SIPS], from December 06th (01:00AM UTC) to December 09th (01:00AM UTC). Let's sit back, have some sips, & enjoy!

1*FEKAlspciM3vR6uDdARHJw.pngSexy I know. Save the date and be there!

You can find our Video Guide here

Step 1: Visiting the Official Token Sale Website

1*1OB-Ocp0TSmz8qbIkavqDg.png

1.1. On your browser, navigate to the official $SIPHER Initial Public Sale page at https://sipher.xyz/token-sale

1.2. You will be greeted with the following page

1*-6Y5kS7QzbMvOT8DCHXILg.png

Step 2: Connect your Ethereum Wallet to our Website

2.1. Click on the button ‘Connect Wallet’ highlighted in the Red Box in the image below:

1*kzGEsl7-tQjCS9Dw_KiZ-Q.png

2.2. A new pop-up (highlighted in a red box in the image below) asking for you to connect your Ethereum wallet will appear:

1*AAARioNtFLwrDQr6ghVyug.png
  • Note on Supported Wallets for the $SIPHER Initial Public Sale:
💡 (Recommended) Supported Wallets (a) Metamask and (b) Wallet Connect
Wallets with Limited Support (a) Ledger (Hardware Wallet) via Metamask and (b) Trezor (Hardware Wallet) via Metamask* (See Guide Below)
*Trezor Guide
Assumptions:
- Trezor with latest firmware (2.4.2)
- Connected to Sipher’s Token Sale Website via Metamask
- Using Chrome Browser
Walkthrough Steps:
- Download and downgrade Metamask to version 9.8.4 (https://metamask.zendesk.com/hc/en-us/articles/360016336611-Revert-back-to-earlier-version-or-add-custom-build-to-Chrome)
- Open Trezor Suite, access to Device screen, inside Safety Checks, click switch to Prompt (steps are numbered in the following image)
1*scd2gMuthNsMKAtxBw0MnQ.png
Housekeeping:
- As a best practice, after contributing to the Token Sale, you should switch the Safety Checks of your Trezor back to “Strict”.

2.3. Click on the relevant Wallet that you will be using to contribute to the Token Sale (For purposes of this guide, we will be using Metamask).

2.4. There will be a new pop-up from Metamask, asking you to connect your wallet.

1*Nj_Dys_8zBaaJ8a0gFNoRg.pngI know what you're thinking, and yes it is our testnet address

2.5. Check the Wallet you specifically wish to contribute to the Token Sale with, and then click on the ‘Next’ button to proceed.

2.6. You will then be brought to the 2nd page of the pop-up as per below. Click on the ‘Connect’ button to proceed.

1*gPzFAt7F37dSETQ_c7k-8Q.png

2.7. Congratulations, you have successfully connected your Ethereum Wallet to the Sipher Website!

Step 3: Accepting the Terms and Conditions / Privacy Policy of the Token Sale

3.1. If you have completed Step 2 correctly, you will be greeted with another pop-up, similar to the one in the image below:

1*otcFafNbKpesNPO3ZKXQ6g.png

3.2. Please read the extremely important contents of the pop-up, as well as the links provided, before ticking the checkboxes.

3.3. If you:

a) Have read and agree with the Terms of Service and Privacy Policy.
b) Are not a citizen or permanent resident of, do not have a primary residence in, and are not physically located in the restricted territories or possessions of the countries we have listed.
c) Have selected and declared the country where you are a citizen of.

Please click on ‘Confirm’ in order to proceed to the $SIPHER Initial Public Sale dashboard.

3.4. The below pop-up from Metamask will ask you to confirm by clicking on “Sign” before you can proceed.

1*sD97nc04j3zTv7MnSwSAFw.png

Step 4: Components of the $SIPHER Initial Public Sale Dashboard

4.1. If you have completed Step 3 correctly, you will be greeted with the following page:

1*Yu1Y-ASAsMsI4vKJd9ANlQ.png

In which:

  • On top of the page is our video guide where you can find the TL:DR step-by-step IBCO guide that the team has put together, or if you're a true bibliophile (which I know you are) then click on “Learn About $SIPHER Initial Public Sale", then the below windows will pop up, and it will lead you to exactly here.
1*cXaEEK_ftLJxLzCuiJbUZQ.png
  • The timer on the left will show you how much time you have left
1*TdfPO70rKJCcdLW_i5jRMA.png
  • The center panel will control the contribution you wish to make. Let's go over deposit 1st: choose the amount of Ether you wish to deposit, or we can help you with option to deposit either 25/50/75/100% of your total balance. Please read the below carefully for “Locked Amount" before you proceed with your deposit
1*rdw5U1n-MJi6IMsvHQcPUA.png
Option to withdraw contributed funds
As the Token Prices will constantly be changing, we understand that there is a possibility that the Token Price may reach a point where participants may no longer wish to take part in the IBCO. Within the contract, we will be providing an option for Participants to withdraw their committed funds at any point during the 72 Hours that the IBCO is live, with some withdrawal restrictions applied to contributions made above 1 ETH in total value. The reason for these restrictions are on the basis of deterring price manipulation by large capitals. (This is discussed in the subsequent point).
No Whale Pump & Dumping or Price Manipulation
We will be implementing a ‘conviction curve formula’ within our IBCO contract, specifically to deter price manipulation by well capitalized parties. Effectively, the more $ETH you contribute to the contract, the smaller the percentage of funds that you will be able to withdraw or in other words, the higher your locked up amount will be remaining in the IBCO contract.
The exact breakdown of the percentage of funds contributed to the contract that is subject to the lock-up will be clearly displayed on the IBCO website via our easy to understand User Interface prior to your contribution during the IBCO, so we urge interested parties to consider carefully based on the information provided during the Token Sale.
This mechanic is critical to prevent whales to commit large sums of $ETH to the contract with the sole intention to inflate the price of the $SIPHER Token, deterring our community from taking part in the IBCO, only for them to then withdraw the bulk of their contributions at the very last minute, which would allow the whales to acquire majority of the $SIPHER tokens committed for IBCO at a cheaper price than the actual fair market value.
1*CugpiwuirGszIFgZZSn49Q.pngThe Conviction Curve shows the percentage of ETH that will be locked up at certain contribution amounts. Any total amount below 1 ETH is 100% withdraw-able.

We have made this Googlesheet for anyone who would like to play around with the exact amount they plan to contribute to purchase $SIPHER tokens. Please click here or visit: t.ly/sipheribcocalculator

  • The right side will display the detailed status of our ongoing sale
1*P_gZZIne-8eY4qvjtM7C5w.png

4.2. After you’ve entered the amount of contribution you wish to make, you'll see the below pop-up from Metamask. You will be prompted to validate the transaction on Metamask, by clicking on the confirm button.

1*LIpcH_P-q1jytn14BMJCxg.pngIllustration image on how to confirm a transaction. Note that the amount and gas fee are for illustration only and do not correspond to the actual amount and fees.

4.3. When you receive confirmation below that the transaction is successful, you have successfully got your deposit transferred!

1*Lr1ytKl1xjkDDwVNf_AHJw.png

4.4. Withdrawal process will be exactly the same as deposit, only withdrawal restrictions will be applied for any successful deposit amount of over 1ETH.

Step 5: Claim your $SIPHER tokens!

5.1. Almost there buddy, your 1st $SIPHER tokens to be used in Sipheria! When the sale period is over on December 9th (01:00AM UTC), on your browser, navigate to the official $SIPHER Initial Public Sale page at https://sipher.xyz/token-sale

5.2. You will be greeted with the following page

1*-6Y5kS7QzbMvOT8DCHXILg.png

5.3. Click on the button ‘Connect Wallet’ highlighted in the Red Box in the image below:

1*kzGEsl7-tQjCS9Dw_KiZ-Q.png

5.4. There will be a new pop-up from Metamask, asking you to connect your wallet.

1*Nj_Dys_8zBaaJ8a0gFNoRg.png

5.5. Check the Wallet you specifically wish to contribute to the Token Sale with, and then click on the ‘Next’ button to proceed.

5.6. You will then be brought to the 2nd page of the pop-up as per below. Click on the ‘Connect’ button to proceed.

1*gPzFAt7F37dSETQ_c7k-8Q.png

5.7. You will be directed to our claim page, in which you will see the total amount of $SIPHER token you can claim. Click on “Claim Sipher"

1*iDcQu5rxG8T7JQkiBlvvHA.png

5.8. You’ll see the below pop-up from Metamask. You will be prompted to validate the transaction on Metamask, by clicking on the confirm button.

1*TSSPeNpVN2vGe94SUIlC5g.pngIllustration image on how to confirm a transaction. Note that the amount and gas fee are for illustration only and do not correspond to the actual amount and fees.

5.9. When you receive confirmation below that the transaction is successful, you have successfully minted your $SIPHER tokens baby!

Note on Smart Contract Risks

We have already made our Token and $SIPHER Public Sale Smart Contracts publicly accessible at :

GitHub - sipherxyz/token-and-initial-public-sale: Source code of Sipher token and the initial public sale (IBCO).

before the Token Sale starts, in order to get reviewed by the public, and as many experts as possible. Further, to the extent you deem appropriate, please review or engage a qualified technical advisor to review and advise you concerning the Smart Contract that we will deploy for the Token Sale.

While the Team has internally audited these Smart Contracts, we cannot guarantee that the Token Sale will be free of exploits when we launch.

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How to Participate in $SIPHER Initial Public Sale was originally published in SIPHER on Medium, where people are continuing the conversation by highlighting and responding to this story.

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