# Initial Farm Offering (IFO)

### Initial Farm Offerings (IFOs)

An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens from new projects. This is also known as a launchpad.

**You will need** $REVO **to p**articipate in IFOs. You can purchase $REVO tokens to participate in IFOs. Take note of the following pre-requisites:

Upon completion, you will receive the project tokens, and the project will receive $REVO tokens. Subject to each IFO, a portion of $REVO may be burnt.

{% hint style="info" %}
Revoswap protects our community to the best of our abilities. We go through KYB processes with founding teams of new projects that wish to launch IFOs with us to help identify safer, more promising projects for users to participate in. However, it is crucial that community members do their own research about the project and founding team before participating in any IFOs.
{% endhint %}


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