# How IDO Happens

IDOs on SuperLaunch are structured to ensure fairness and transparency, leveraging the tier system

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**Statuses of an IDO:**

1. **Upcoming**: The project team announces the IDO details, including dates, tokenomics, prices and caps.
2. **Phase 1 (Tiered)**: This round is available to users with the required tier. Allocation amounts are based on the user's tier level, ensuring guaranteed participation for stakers.
3. **Phase 2 (Public)**: If the allocation is not fully sold out during the **Tiered** Round, the remaining tokens will be available in the FCFS (First Come, First Serve) round. All users will be eligible to participate, regardless of their tier status.
4. **Completed**: Finished IDO, awaiting Claiming time
5. **Claim**: Participants can claim project tokens for the amount of their allocation according to the project's vesting schedule.