# Swapsicle Launch
Bring your project into fruition with Swapsicle Launch
# Intro
Introducing Swapsicle Launch, the latest addition to our DeFi services. Launch aims to provide comprehensive support to new projects launching on Swapsicle, starting with the Telos Network. As a result of our successful partnership with Telos, we're launching exclusively on their network with plans to expand to other chains soon.
# What is Swapsicle Launch?
Swapsicle Launch consists of carefully integrated open-source smart contracts, designed to simplify the process of launching new projects on Swapsicle. Launch aims to provide a trustworthy, quality service which will in-turn deepen liquidity on Swapsicle DEX, making it more attractive to its users. We strive to organically grow our community by supporting new projects to get off the ground, and provide a service for token creators looking to launch new project tokens.
Launch is built with accessibility in mind, so applicants from both technical and non-technical backgrounds are encouraged to apply. A fundamental of Swapsicle’s mission is to simplify the user experience. With that in mind, we have carefully developed a UI that is robust, trustworthy, and enjoyable to use. Our users can feel comfortable in the knowledge that all aspects of a launch are handled through trusted, open source contracts. In the application process, we carefully review each submission on a project to project basis, and use our team's experience to identify which projects are eligible through careful examination of a project's background and published documents.
# Launch Options
As previously mentioned, Launch aims to simplify the process of launching a new token, therefore the functionality operates using trusted smart contracts to execute the launch, as opposed to code-orientated methods.
Launch applicants will have the ability to customize how they launch their token with several variables to choose from, including the initial offering quantity, duration and farm options. The following suite of contracts are divided into the following groups:
# Tokens
Token types to choose from including Fixed Supply, Mintable, and POPS token pairing (See Swapsicle Boost) (is this the case?)
# Market
Contracts for token offerings. Choose from Crowdsale or Dutch & Batch Auction. Manage participation yourself through the Launch portal.
# Liquidity
Simplified liquidity migrations. Allocate a portion of funds to create a new Swapsicle pool and migrate safely and securely in a trustless manner.
# Lock: Release
Options for locking and releasing tokens over a predetermined time period.
# Farms
Tokens can be farmed to earn juicy APR rewards.
# Launch Strategies and Marketing
Using a combination of the varying options listed above, Launch users will have flexibility to create the launch their token needs to thrive in the most efficient way possible to succeed. Your launch strategy will contain one or more options from each group, and in some cases may only require one or two options in total.
Our dedicated team of experienced professionals will be on hand around the clock to offer comprehensive support throughout the process. We also have a dedicated marketing service to promote your token launch through our social media platforms, including our twitter with nearly 20K followers. We will generate custom marketing material, including graphics, animation visuals, and written content. We’ll also provide a platform to discuss your project in AMAs, Webinars and PopCasts.
We hope that our users will see value in this new service, and we encourage those interested to apply using the link below. If you have any questions regarding launch, or need assistance in the application process, don’t hesitate to reach out to us via Twitter DM, or on our Discord!
Application Form (opens new window)
# Markets
Markets at their core are a way to distribute goods to the public and most importantly find the value people are willing to exchange for them. Swapsicle Launch Markets focus on aiding tokens in their price discovery, before release for open exchange on Swapsicle. Swapsicle Launch takes the pain out of the decisions and planning surrounding any auction for your token.
We have included two main types initially and will continue to add new types and iterations over these, Markets are at the core of what Swapsicle Launch offers - the rich broth that all the other flavours are filled with, so we want to get them right. The first three are Crowdsales, Dutch auctions and Batch Auctions. All three offer their own potential advantages and disadvantages, allowing our markets to meet the needs of a wide range of offerings while ensuring token offerings are valued respectably for the Swapsicle ecosystem.
# Market Sale Options
# Crowdsale
A fixed price and a fixed set of tokens, then it's first in best dressed. Crowdsales are great when the token price is already known or has been decided on previously. They allow a token to be distributed and provide a strong base for a token's future listing on the Swapsicle exchange. Swapsicle Launch crowdsales allow any project to create an auction and go on to be exchanged in the open Swapsicle market.
Strategy: Basically it is a FCFS (first come first serve) system, where investor wants to buy as quick as possible before others scoop up all the tokens available. This also involves some risks as creating a gas war or bot frontrunning.
# Dutch Auction
Dutch Auctions are a centuries old system of auction, aimed at finding the true market value of a completely novel item. In the case of Swapsicle Launch token auctions, the price is set at a higher value per token than expected and descends over time, with the eventual price being settled on once all tokens have been sold. Practically, this means participants individually decide at which point they're happy with a token price and commit their funds - yet the auction continues until everyone is happy with the token price. This can be an active decision by a project, as often it leads to a lower total amount raised (and thus less liquidity and funding) however everyone buying will be getting the cheapest possible token - not a bad position to be in when Swapsicle Launch automatically provides liquidity to Swapsicle and price speculation begins.
Strategy: Investors have to carefully balance between waiting for a better price and getting in before it is all sold out. It is the fear of missing out that prevents the price from falling too much.
# Batch Auction
A Market method whereby a set amount of tokens are divided amongst all the contributors to the Market event, weighted according to their contribution to the pool. Whatever your percentage of the total raise, that's the portion of the total tokens on offer you will receive. Straightforward. Batch Auctions will be useful for projects looking to ensure that everyone taking part is rewarded, no matter their net worth.
Strategy: This auction style is best suited for big or so called "whale" investors, because in opposite to the previous two, there is no way to outplay someone here. Everybody gets in and the more you invest, the more you get. Future Market Options
# Whitelist
To whitelist a set of wallet addresses, upload a csv file in the following format:
Wallet | Whitelist Amount |
---|---|
0x1234567891234567891234567891234567892354 | 10 |
0x1234567891234567891234567891234567892352 | 500 |
0x1234567891234567891234567891234567892353 | 25 |
For example:
0x1234567891234567891234567891234567892354,10
0x1234567891234567891234567891234567892352,500
0x1234567891234567891234567891234567892353,25
/r, /n and /r/n line endings are supported.
# FAQ
Q: Why should project leaders use Swapsicle Launch?
A: Swapsicle Launch offers hassle-free smart contracts, an intuitive UI, and customizable launch options, making it an attractive option for project leaders. Additionally, Swapsicle Launch integrates with Swapsicle's platform, which allows for a wider initial audience than a project may have reached developing and deploying their own launch contracts and campaigns.
Q: What happens after I invest into a project?
A: If the raise is successful, users will see a “claim” button to claim the tokens they purchased during the raise once successfully completed. If the minimum funds are not raised, users will have their tokens returned from the escrow smart contract.
Q: Will the contracts used on Swapsicle Launch be audited for security?
A: Yes, the smart contracts used on Swapsicle Launch are open source and audited by multiple audit providers. Many of the contract templates are built from widely adopted standards used throughout the smart contract space, with minimal deviation. Full details can be found in the GitHub repository.
Q: Will all auctions be held in TLOS or POPS?
A: No, launch creators will be able to set the auction currency that they believe will best benefit their project. Default options for TLOS, POPS, and stablecoins are available, as well as the ability to assign any custom token for the auction.
Q: How does Swapsicle Launch benefit Swapsicle users and holders?
A: Swapsicle Launch will integrate with Swapsicle's liquidity pools, increasing overall liquidity and transactions on the platform. The direct benefits of additional liquidity and projects on Swapsicle are obvious. Holistically, the draw of Swapsicle Launch in bringing new, fledgling communities into the Swapsicle ecosystem extends far further.
Q: Will Swapsicle Launch be available on different chains?
A: While Swapsicle Launch will initially launch on the Telos EVM, the team has put effort into making Swapsicle Launch multi-chain alongside the Swapsicle platform.
Q: Will there be functionality to deploy tokens easily and efficiently?
A: Yes, Swapsicle Launch offers three token types for launch: fixed supply, mintable, and a fork of the famous Sushi governance token. Additionally, Swapsicle Launch has the ability to use any custom ERC20 token with their Factory contracts.
Q: How will tokens on Swapsicle Launch be offered during launch?
A: Swapsicle Launch offers three auction types: Crowdsales, Dutch auctions, and Batch Auctions. Each auction type has its own potential advantages and disadvantages, allowing for a wide range of offerings while ensuring token offerings are valued respectably for the Swapsicle ecosystem.
Q: Can projects whitelist buyer addresses?
A: Yes, Swapsicle Launch offers Permission Lists, allowing project creators to create a "whitelisted" sale by adding wallet addresses and assigning them a full allocation. Administrator accounts can be set to manage Permission Lists, allowing these controls to be accessed by community managers, KYC providers, or API/bot integration.
Q: How will liquidity pools work following auctions?
A: After a successful auction, project creators will receive collected funds to an address of their choice. They can then add the tokens they raised to a Liquidity launch contract they have created. Once there is an acceptable total of both tokens, the pair is sent to a created liquidity pool on Swapsicle.