The FTO® is divided into multiple subscription waves, each with different individual purchase caps (unless uncapped) and timings:
Users place an order to buy a chosen number of Fan Tokens.
Waves have different cap limits to ensure fair access.
Each wave has a defined time window, which can vary depending on if the FTO® sells out
Once the FTO® ends, Fan Tokens are airdropped (sent) into the user's Wallet on the next working day.