> For the complete documentation index, see [llms.txt](https://ixir.gitbook.io/ixir-docs-1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ixir.gitbook.io/ixir-docs-1/ixir-docs/how-does-it-work.md).

# How does it work?

IXIR allows you to invest in different cryptocurrency projects through a process called an Initial DEX Offering (IDO). There are five rounds for each investment in IXIR:

<div align="left"><figure><img src="https://167732603-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBUytr4kdep1bdqk9XY97%2Fuploads%2FnXEOcbBOZiWPT0xeGJ7Y%2Frounds.png?alt=media&amp;token=922b3c6e-0192-4577-805e-36dddf4b13e2" alt="" width="188"><figcaption></figcaption></figure></div>

* **GENESIS ROUND** - Only for those who are given allowance to invest during GENESIS Round.
* **2 YEAR ROUND** - Only available to users that STAKE $IXIR for 2 years.
* **ALL STAKE ROUND** - Open to all users who stake their $IXIR in 1 year, 6 months, or 3 months pools.
* **COMMUNITY PASS ROUND** - Open to users who have have a Community Pass.
* **FCFS ROUND** - Open to everyone. If there's still space to invest, you can invest up to 1000 USDT.

{% hint style="info" %}
You can receive more than one Community Pass by following the instructions in the [How to Get Community Passes Page.](/ixir-docs-1/ixir-docs/how-to-get-community-passes.md)
{% endhint %}