Create a Dutch auction
2. Click create auction button and the selection window pops up.
3. Select Dutch auction pool and click confirm to go to the create a fixed swap pool page.
4. The pool settings page consists of two sections.
- Token symbol and token decimals will be auto-filled after entering the token contract address.
The second section asks for the following parameters:
- From: is auto filled after entering the contract address.
- To: the currency to receive for the auctioned assets. On the Ethereum network the options are ETH and USDT. On Binance Smart Chain the options are BNB and USDT.
- Starting price (price ceiling): the starting price to start bidding on the assets, this is the highest price. The price will start counting down from here.
- Reserve price (floor price): the lowest price to the auction will reach, in case there are no higher bids placed.
- Amount: the number of tokens to auction.
- Pool running time: the time that the pool will be available,
- Auction price decreasing times: enter the number and the system will automatically calculate the decreasing rate (for example 0.1 ETH every 10 minutes).
- Allocation per wallet: the maximum amount of tokens one wallet can purchase from your pool.
- Participant:
- Public opens the auction to everyone,
- Bot holders opens the auction to users who hold at least 0.5 bot in their wallet.
- Private opens to exclusive users or groups secured by password.
- Pool name: for participants to identify the pool on the Bounce homepage.
5. Once all parameters are entered, click the launch button and approve the transaction in Metamask (or whichever wallet used). Two transactions are needed to launch the pool.
- Approve spending limit:
- Approve Contract interaction:
If a transaction error with very high gas fee (usually over 200 USD), appears please do not proceed and go back to the parameter page to check if everything is entered correctly.
Last modified 6mo ago