Finalizing a Sale

During a sale, buyers commit to purchase tokens. Neither side of the sale receives either sale proceeds or sale tokens until the sale has concluded and is deemed a success. A sale can be finalized when either the sale window has elapsed or the maximum fundraise goal has been reached.

There are two possible outcomes for a concluded sale:

1. The sale was a success, either because the maximum fundraise goal was met, or because the sale window closed and there was no minimum goal

2. The sale failed because there was a minimum fundraise goal set and it was not reached

In either case, a concluded sale should be “settled” by the seller. You can accomplish this by visiting the Token Sales page, selecting the actions button for the sale that concluded, and selecting either “claim funds” or “reclaim tokens”, depending on the outcome. You can also visit the View Details page and settle from there.

Here’s what happens when you settle, depending on the outcome of a sale:

• If the sale succeeded, all sale proceeds are sent to the project treasury along with any unsold tokens

• If the sale failed, all sale tokens are returned to the project treasury and all proceeds are forfeit, to be returned to the buyers

Buyers are responsible for their own settlement and will need to use your sale page to either claim the tokens they committed to or to reclaim the funds that they committed to the sale.