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Create a Fixed-Price Auction
How to create a fixed-price auction pool
- 1.Visit https://app.bounce.finance/market and connect your wallet. To create an auction, you'll also need to bind your email and Twitter account.
- 2.Once you successfully connect your wallet, click the navigation icon at the top and click"+ Create" then "Create an auction".
- 3.First, select the chain on which you want to auction, the token type, set the auction type to be "fixed-price", and make sure your wallet is linked successfully.
- 4.Next, you'll be prompted to enter information in three sections: Token Information, Auction Parameters, and Advanced Settings. A progress bar at the top of the page will track your progress in creating the auction. In the Token Information section, you'll need to enter the details of the token you're auctioning. If the token doesn't appear in the search bar, you can manually import it by entering the token's contract address. Please note that Bounce's smart contract does not support inflationary or deflationary tokens.
Bounce contract does not support inflationary or deflationary token.
- 5.The next step is to set auction parameters.
- Funding currency: the token that you want to receive from participants. Your token price is pegged with funding currency so please choose your funding currency type wisely.
- Swap ratio: A fixed unit price of your token.
- Amount: The number of tokens you want to auction off.
- Allocation per wallet: You can choose to set a maximum cap of the amount of tokens one address can purchase from you. Setting an allocation limit can prevent whales from acquiring the entire allocation and facilitate token distributionThe last step is advanced settings:
- 6.Then proceed to Advanced settings and set the following:
- Pool Name: come up with a pool name that's easy for people to search and find.
- Time: Set auction start and end time.
- Delay unlocking token: You can delay the unlock of token auctioned and set an unlock time. The time needs to be after auction end time. This can prevent immediate dump during token launch.
- Participant: You can choose to open auction to only whitelisted addresses. You should prepare a list of addresses beforehand and import to the whitelist section.
- Refundable: This is a default setting meaning participants are free to withdraw from the auction before auction is ended. You can turn it off if you don't want this feature for your auction.
- 7.Review your auction parameters carefully and confirm.
- 8.The contract will request that you approve and send tokens to the auction contract. Make sure you have enough tokens in your wallet and sufficient gas fees to cover the transaction. Once the transaction is completed, you'll receive a notification confirming that your auction pool is successfully created. Your auction pool will show up in your activity section under your profile and the main marketplace on the homepage.
- 1.Visit https://app.bounce.finance/market and connect your wallet. To create an auction, you'll also need to bind your email and Twitter account.
- 2.Once you successfully connect your wallet, click "+ Create" and "Create an auction" at the top navigation bar.
Click "Create an auction"
- 3.First, select the chain on which you want to auction, the token type, set the auction type to be "fixed-price", and make sure your wallet is linked successfully.
- 4.Next, you'll be prompted to enter information in three sections: Token Information, Auction Parameters, and Advanced Settings. A progress bar at the top of the page will track your progress in creating the auction. In the Token Information section, you'll need to enter the details of the token you're auctioning. If the token doesn't appear in the search bar, you can manually import it by entering the token's contract address. Please note that Bounce's smart contract does not support inflationary or deflationary tokens.
Bounce contract does not support inflationary or deflationary token.
- 5.The next step is to set auction parameters.
- Funding currency: the token that you want to receive from participants. Your token price is pegged with funding currency so please choose your funding currency type wisely.
- Swap ratio: A fixed unit price of your token.
- Amount: The number of tokens you want to auction off.
- Allocation per wallet: You can choose to set a maximum cap of the amount of tokens one address can purchase from you. Setting an allocation limit can prevent whales from acquiring the entire allocation and facilitate token distributionThe last step is advanced settings:
- 6.Then proceed to Advanced settings and set the following:
- Pool Name: come up with a pool name that's easy for people to search and find.
- Time: Set auction start and end time.
- Delay unlocking token: You can delay the unlock of token auctioned and set an unlock time. The time needs to be after auction end time. This can prevent immediate dump during token launch.
- Participant: You can choose to open auction to only whitelisted addresses. You should prepare a list of addresses beforehand and import to the whitelist section.
- Refundable: This is a default setting meaning participants are free to withdraw from the auction before auction is ended. You can turn it off if you don't want this feature for your auction.
- 7.Review your auction parameters carefully and confirm.
- 8.The contract will request that you approve and send tokens to the auction contract. Make sure you have enough tokens in your wallet and sufficient gas fees to cover the transaction
- 9.Once the transaction is completed, you'll receive a notification confirming that your auction pool is successfully created.
- 10.Your auction pool will show up in your activity section under your profile and the main marketplace on the homepage.
***You can cancel the auction at any time before it starts, and you will receive a full refund of the tokens.
Bounce charges a 2.5% transaction fee based on the amount of fund successfully auctioned.