Tracking an IGO (Initial Game Offering) or ICO (Initial Coin Offering) involves closely monitoring your transactions to ensure accurate accounting of both the assets you've sent and received. Below are steps and an example to effectively track an ICO or IGO transaction.
Step 1: Sync your wallet transactions
Add all wallets associated with the ICO or IGO to CoinTracker, including both outgoing payments and incoming assets.
For example, if you paid 5 ETH to receive 2500 ZRX in a 0x (ZRX) crypto sale, both transactions should appear in your wallet history.
Step 2: Identify transactions
Find the specific transactions in your wallet. Continuing with the example:
- Send transaction: The amount you paid (e.g., 5 ETH).
- Receive transaction: The amount of crypto you received (e.g., 2500 ZRX).
These transactions may occur sequentially or with a gap, and could involve the same or different wallets.
Step 3: Link and update transactions
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From the Transactions page, select two eligible transactions to link.
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Click Link transactions on the pop-up menu that appears on the page.
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A confirmation message will appear with the link details.
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Select Update.
This step creates a single record that simplifies capital gains calculations and financial tracking.
If you do not see the Link transactions option it means the transactions are not eligible to link.