# Create a Dutch auction

### How to c**reate a token Dutch auction pool**

{% embed url="<https://youtu.be/DB0fbXDLqcw>" %}

1\. Visit <https://app.bounce.finance/> and start with connecting your wallet.

<figure><img src="/files/GxfBcLWgCJuC3uaCzm05" alt=""><figcaption></figcaption></figure>

2\. Click "Create" and "Create an auction".

<figure><img src="/files/biLcmTybXhKmiG1A0mhq" alt=""><figcaption></figcaption></figure>

3\. Choose your desired blockchain network, token type, auction type and make sure to link your wallet successfully before you can proceed.

<figure><img src="/files/Mu4a2fyz916NOLnbn6pT" alt=""><figcaption></figcaption></figure>

4\. Fill in information about the token you're auctioning, you can do so in three ways:

* **Search the token's name**
* **Copy and paste token contract address**
* **Token symbol** and t**oken decimals** will be auto-filled after entering the token contract address.

<figure><img src="/files/ektTfa5n47Cukx8s3QY9" alt=""><figcaption></figcaption></figure>

5. Fill in the following auction parameters.

* **Funding currency:** the currency to receive for the auctioned assets.&#x20;
* **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.
* **Auction price decreasing times:** enter the number and the system will automatically calculate the decreasing rate .
* **Amount:** the number of tokens to auction.
* **Allocation per wallet:** the maximum amount of tokens one wallet can purchase from your pool.

<figure><img src="/files/Vy8tYVXynaUuJVDGIIxS" alt=""><figcaption></figcaption></figure>

6. Fill in the advanced settings:

* &#x20;**Pool name**
* **Auction duration**
* **Token unlocking schedule**
* **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. &#x20;
* **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.

<figure><img src="/files/qJl7pLIxYGgds36ZccAE" alt=""><figcaption></figcaption></figure>

7. Review your auction parameters and confirm your auction creation.

<figure><img src="/files/Bk3dJgXAUBFPzNP4IURe" alt=""><figcaption></figcaption></figure>

8. Once you hit "confirm", your wallet extension will pop up and ask to confirm gas fee. Once the transaction is confirmed and submitted, you'll receive a "congratulations" confirming that your auction pool has been successfully created.

<figure><img src="/files/ZiETz3CFRjYvco0Zxqlj" alt=""><figcaption></figcaption></figure>

9. Your Dutch auction pool should look like this, where a live chart allows you to monitor live price and bid.

<figure><img src="/files/aS6vDsrMtvHmxLbdLWcg" alt=""><figcaption></figcaption></figure>


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