How to create a fixed-price auction pool
Your Step-by-Step Guide to Auction Innovation
Connect and Prepare:
Visit the WarpGate Dapp and connect your wallet.
Ensure a comprehensive experience by binding your email and Twitter account.
Navigate to Creation:
After a successful wallet connection, click the top navigation icon.
Select "+ Create," then "Create an auction."
Choose Auction Settings:
Select the chain, token type, and set the auction type as "fixed-price."
Confirm the successful linking of your wallet.
Token Information:
Enter details in three sections - Token Information, Auction Parameters, and Advanced Settings.
If your token is not found, manually import it by entering the contract address.
Note: Inflationary or deflationary tokens are not supported.
Set Auction Parameters:
Define key parameters:
Funding Currency: Choose the token participants will use.
Swap Ratio: Fixed unit price of your token.
Amount: Specify the number of tokens for the auction.
Allocation per Wallet: Set a maximum cap to prevent concentration.
Advanced Settings:
Proceed to Advanced settings:
Pool Name: Craft an easily searchable pool name.
Time: Set auction start and end times.
Delay Unlocking Token: Prevent immediate dumps by setting an unlock time post-auction.
Participant: Choose to open the auction to whitelisted addresses.
Refundable: Decide whether participants can withdraw before auction end.
Review and Confirm:
Thoroughly review your auction parameters and confirm your settings.
Token Approval and Launch:
The contract will prompt you to approve and send tokens to the auction contract.
Ensure sufficient tokens and gas fees.
Upon completion, receive a notification confirming your successfully created auction pool, visible in your profile activity and the main marketplace.
Fee Consideration:
Keep in mind that creating a pool may incur a cost of approximately 1000 IMX tokens, depending on the project.
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