How to Create a Fixed Price Sale
Follow these step by step instructions on how to create a Fixed Price Sale on Fjord.
Last updated
Follow these step by step instructions on how to create a Fixed Price Sale on Fjord.
Last updated
Before you begin - Testing
We encourage creators to test on Sepolia prior to creating their sale. View Test Token addresses Get Sepolia ETH: Here or here Need to mint Sepolia tokens to LBP with? Here, here or here.
Input a valid ERC-20 contract address and provide a valid image links for your project token. You can also upload an optional banner image to be used for the preview card.
WARNING: If your ERC-20 has any type of transfer restrictions or transfer hooks of any kind, it i essential that you launch a test pool prior to your LBP to ensure your custom functionality does not impede the pool creation or closing process.
In this step, you'll set up the key parameters for your Fixed Price Sale.
a. Sale Price Type
Select "Fixed Price" from the dropdown menu.
b. Configure Duration
Starting Date & Time: Choose when your sale will start.
Ending Date & Time: Choose when your sale will end.
c. Token Claim Delay
Set a delay for when participants can claim their tokens post-sale to prevent front-running during liquidity setup.
Steps to Configure:
Select "Fixed Price" for the Sale Price Type.
Use the calendar tool to set the start and end dates and times.
Choose a date and time for the token claim delay
In this step, you'll configure the specific parameters of your Fixed Price Sale, including token price, quantity, and user limits.
a. Token Price
Set Token Price: Determine the number of asset tokens required to purchase one project token. This is the fixed price at which your tokens will be sold.
b. Token Quantity for Sale
Set Token Quantity: Specify the total number of project tokens available for sale. You can use the maximum amount if you wish to sell all available tokens.
c. User Maximum Tokens (Optional)
Set User Max Purchase: Define the maximum number of project tokens each wallet address can purchase during the sale. This helps in preventing large holders from dominating the sale.
d. Minimum Tokens Sold (Optional)
Set Minimum Tokens Sold: Specify the minimum amount of project tokens that must be sold for the sale to be considered successful. If this threshold is not met, funds will be refunded to participants.
Steps to Configure:
Set Token Price: Enter the fixed price for each project token.
Specify Token Quantity: Enter the total number of tokens available for sale.
Define User Max Purchase (Optional): Set the maximum number of tokens a single wallet can purchase.
Set Minimum Tokens Sold (Optional): Enter the minimum number of tokens that need to be sold for a successful sale.
Tips:
Ensure the token price is attractive and competitive.
Setting a maximum purchase limit helps in achieving a wider distribution.
A minimum shares sold threshold can protect against underperformance and ensure the project raises sufficient funds.
Once you have configured these settings, you can review the Fixed Price Sale Preview on the right side of the screen to see the expected duration, fixed price, circulating market cap, and FDV (Fully Diluted Valuation).
In this step, you'll provide essential details about your project to help inform potential participants.
a. Category
Select a Category: Choose the appropriate category for your project from the dropdown menu.
b. Sale Description
Enter Sale Description: Provide a detailed description of your project and the token sale. You can use Markdown for formatting. For a template, visit Sale Description Template.
c. Links
Main Link: Add the primary link for your project, such as your official website.
d. Geo-blocked Countries
Add Geo-blocked Countries: Specify any countries where participants are restricted from joining the sale. Select from the provided list to ensure compliance with regional regulations.
e. Previous Investment Round Details (Optional)
Add Round: If applicable, provide details about any previous investment rounds, including dates, amounts raised, unlocks etc.
Steps to Configure:
Select Category: Choose the category that best describes your project.
Enter Sale Description: Write a comprehensive description of your project. Use the template provided in the link for guidance.
Add Main Link: Enter the URL of your main project site.
Specify Geo-blocked Countries: Select countries from the list where the sale will not be accessible.
Provide Previous Investment Round Details (Optional): Add information about past funding rounds if relevant.
Tips:
Make your sale description clear and engaging to attract participants.
Ensure all links and details are accurate to build trust with potential buyers.
Check regional regulations to correctly set geo-block restrictions.
Objective: Connect your social media to build trust and engage with your community.
Social Media
Connect your Twitter account: Ensure participants can verify your identity and stay updated on the latest announcements.
Steps to Configure:
Connect Twitter: Click the "Connect" button next to Twitter to link your account.
Objective: Review all aspects of your token sale before finalizing.
Steps to take:
Verify All Details: Carefully review each section to ensure all details are correct.
Edit If Necessary: Use the "Edit" buttons to make any required changes.
Objective: Agree to the terms and conditions to proceed with your token sale.
Instructions:
Read the Terms and Conditions: Ensure you thoroughly understand the terms and conditions provided.
Acknowledge Agreement: Check the box to confirm that you have read and understood the terms and conditions.
Objective: Perform a final review of your token sale details and schedule the sale by approving tokens and creating the sale page.
Final Approvals
Step 1: Approve BASEX
Click the "Approve" button to approve the token for the sale.
Step 2: Schedule Sale
After approving the token, click "Schedule Sale" to finalize the sale setup.
