Project name: Constarter IDO platform
With the vigorous development of the Conflux ecosystem, more and more developer teams are also entering the ecosystem one after another. Although the Conflux ecosystem has a complete Grants incentive application mechanism, the initial funding problem is that every new project has to face A difficult problem. Constarter can help new projects entering the Conflux ecosystem to solve the funding problems of earlier projects.
1. Constarter participation requirements
1.1 Who can initiate crowdfunding
V1: Address whitelist, only addresses added to the whitelist can initiate a crowdfunding pool. Provide enough detailed project review materials, only high-quality projects that have been screened can initiate crowdfunding, so as to reduce possible losses to users as much as possible.
V2: Decentralized crowdfunding contract, everyone can initiate crowdfunding, as long as the community votes and meets the minimum amount of funds raised, the trading pair can be launched
1.2 Who can participate in crowdfunding
When setting the crowdfunding parameters, introduce the selection of crowdfunding target objects, you can choose [Everyone], [Number of FC xxx Holds] [Number of CFXxxx Holds]
Case 1: The project party that has been officially launched needs to provide liquidity for the old currency that lacks liquidity. The project party’s Token will be sold at a discount, and it will only be subscribed to users who hold FC and CFX.
Case 2: The new project party wants to conduct crowdfunding to issue new tokens. After review, the crowdfunding pool can be opened. In order to achieve the maximum exposure and FOMO effect, the project party has set that everyone can participate, and there is no subscription quota. limit.。
2. Constarter IDO process
2.1 Initiate a crowdfunding pool and set the crowdfunding parameters. Once the crowdfunding is started, it cannot be terminated midway.
2.1.1 Select Token or enter Token contract address
2.1.2 Enter the number of tokens, 50% of which will be used for sale, and 50% will be used to provide liquidity after the crowdfunding is over
2.1.3 Target raised tokens and selling price, target raised tokens are main chain coins and stable coins
2.1.4 Crowdfunding target selection: everyone, pledge the number of CFX and FC.
2.1.5 Crowdfunding start time
2.1.6 End time of crowdfunding
2.1.7 Minimum amount of funds raised
2.1.8 FC and CFX need to be locked for every subscription of xxxEHT
2.1.9 Liquidity lock-up time: 30 days, 60 days, 90 days
2.1.10 The link to the community forum announces the details of the IDO project. (Project party introduction, official website, white paper, Twitter, Telegram, contract address, contract audit information, Token economic model, team introduction, project future planning, crowdfunding information, risk warning, etc.)
2.2. Community voting session (3 days)
3.2.1 Display the parameter information of the project party’s crowdfunding, voting progress progress information
3.2.2 Users can decide whether to open the crowdfunding pool according to the number of votes they hold (CFX, FC) to vote for or against
3.1 After opening the crowdfunding pool, users can subscribe for tokens.
3.2 Subscription fee: 0.3% fee will be charged for subscription. The fee is configured in the background, and the charging conditions of the fee can be set. (The fee is free for a limited time. The more the subscription amount is, the more the fee is discounted. The FC and CFX areas are based on Discount on handling fees for holdings)
3.3 Refund of Token: During the crowdfunding period, if you don’t want to hold the subscription token, you can refund the subscription amount at any time by paying the handling fee.
3.4 When the crowdfunding time is over and the minimum amount of funds raised is not met, that is, the financing fails. Users can choose to still subscribe for tokens or return the subscription funds. Users who have not selected after 24h will return the subscription funds
- Help the project to gain the consensus of community users before IDO, which can solve early funding while maximizing the recognition and support of community members.
- Allow community members to participate in the project’s token transactions earlier
- Give full play to the community members’ awareness of co-creating ecology and increase the amount of CFX and FC lock-ups
- After the review is passed, the development of the V1 version can be completed within 4 weeks.
- The V2 version development can be completed in the sixth week
- 30K USDT users can only review contracts
- 15K USDT is used for project related development
- 5K USDT for the project
The membership consists of 6 people. Four development, one design, one product
After using his rich development experience, he has carried out the development of blockchain projects in ETH and EOS.
Application time: March 27, 2021
Open source: partly open source