QubicBay - Part 2: How to Participate in the QubicBay IPO

You’ve heard why QubicBay matters. Now, here’s how you can get involved.

The Dutch auction IPO will go live 19th March and will run until 26th March. This is the only chance to buy shares before they hit the secondary market. Once it’s over, the price is whatever the market decides.

Want in? Follow these steps.

Step 1: Set Up Your Qubic Wallet

If you don’t have a Qubic wallet, start there. No wallet, no bid.

• Go to the Qubic Wallet page.

• Create a new wallet. Secure your seed phrase and vault file. 

• Confirm your seed phrase. Lock it in.

Full wallet set-up video tutorial below:

Step 2: Fund Your Wallet with QUBIC

This auction runs on QUBIC. Make sure you have enough.

• Get QUBIC from an exchange or another wallet.

• Send it to your Qubic wallet address.

Step 3: Place Your IPO Bid

This is where the game begins.

• Open your Qubic web wallet.

• Navigate to the QubicBay IPO auction page.

• Choose how many shares you want and set your maximum price per share.

• Confirm your bid. Your QUBIC gets locked in the auction contract.

Full ‘How to IPO’ video tutorial below.

Step 4: Wait for the Auction to End

The system runs its course.

• Shares go to the highest bids first.

• When all shares are allocated, everyone pays the same final price per share.

• If your bid was high enough, shares are automatically sent to your wallet.

The Clock Is Ticking

This IPO is a one-time event. Once it’s over, shares go to the open market on Qx. 

Bidding starts soon. Are you in?

Will you be taking part in the QubicBay IPO? Got further questions about how Qubic’s Dutch Auctions work? Go to the Qubic Discord and Telegram and join the discussion.

Want to know more about QubicBay? Read about it here - QubicBay - Part 1: QubicBay is bringing NFT's to Qubic