Creating a Sale

To create a token sale, visit the Token Sale page of your project and select Create Your First Sale or Create Token Sale.

Note that you can only sell tokens that are in your project treasury, so if you haven’t yet added the token you wish to sell to the project, you’ll need to do that first.

The first page of the token sale creation process is all about your sale configuration, such as what’s for sale and for how long to sell it for. As you’re filling in the form, note the summary on the right side of the page: some elements of your sale are calculated based on your inputs and are not freely modifiable.

1. Sale Name: What do you want to call this sale? This is for internal purposes and meant to help with your own organization, rather than being something buyers will see.

2. Sale Token: Which token, from those available in the project treasury, do you wish to sell?

3. Reserved for Sale: How many of the available sale tokens do you wish to put up for sale? Note that this number and the calculated token price determine your maximum fundraise goal.

4. Valuation: What do you value the total supply of the sale token at? Note that this number and the total supply of your sale token determines the price per token.

5. Minimum Fundraise: Would you like to set a minimum fundraise goal? This is optional and when defined, sets a threshold that must be met in order for the sale to be considered a success.

6. Sale Start and End Date: What days should the sale start and end?

7. Sale Start and End Time: What time of day should the sale start and end? The interface will show your local time. The sale will start and end at the same time for everyone, whatever that time translates to for their local time.

8. Accepted Payment Token: Which token type will you accept as payment for the sale? At this time, only USDC is accepted as payment.

9. Minimum and Maximum Purchase: Would you like to set purchase limits for buyers? This is optional and will mean that buyers need to either purchase a certain amount or can’t exceed a certain amount, based on what you specify.

Once you’ve carefully laid out the sale configuration details, you can advance to the next step where you can specify buyer requirements.

On this page you can set a requirement for all buyers to complete KYC verification, which is provided by Decent through Sumsub.

In addition to KYC, you can also set further buyer requirements. You can require one or multiple of the following:

• Inclusion in a whitelist

• Holding of a certain quantity of a particular ERC-20 token

• Holding of a certain quantity of a particular ERC-721 or ERC-1155 NFT

Note that at this stage you can opt to use a whitelist to make your sale entirely private!

Once you’ve filled in your buyer requirements, you can use the Create Token Sale button to submit a proposal to your project. Once that proposal has been approved and executed, your sale will have been created and will start at the time you specified!

You can return to the Token Sales page to view your pending, active, and concluded sales. The Token Sales page is also where you’ll go to finalize a sale.