# Initial Sale

The Initial Sale (20%) allocation of 2,000,000 BOOFI was distributed through Penguin Finance's Launchpad. To participate in the BOOFI IDO, you needed to stake iPEFI (Penguin's single asset staking token) to accumulate allocation points. The more you staked, the more BOOFI you could acquire.

![www.penguinfinance.org/launchpad](/files/-Mkfptpj-duakQUNddFA)

1. **Staking Phase:** September 24th - September 29th
2. **Distribution Phase:** September 30th - October 7th

BOOFI tokens distributed through Penguin Finance's Launchpad were unlocked upon release. You can read the exact details by clicking [here](https://medium.com/@boofinance2021/introducing-boofinance-innovative-yield-farms-deflationary-nfts-on-avalanche-5f285835a317).


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