PancakeSwap IFO is very different than ICOs. Any idea how to handle these? Is there any plan to support IFOs natively?
Which exchange/wallet is this regarding?
PancakeSwap
How did you import data into this wallet?
Binance Smart Chain
What have you tried to fix this so far?
I tried “Send to the pool”, “Received from the pool” for LP, and “Reward” for offered tokens. There are 2 problems with this approach:
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Some portion of the staked LP token is taken as IFO price. So, there is a difference between the deposit and withdrawal amount of the LP tokens. This difference is missing in transactions.
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Rewards are taxed very differently, especially in Germany. So, marking an offer token as a reward is not an option for the proper tax declaration.