Video Tutorial:
Sale Automation Features:
Avalaunch IDOs now include two automations (Auto-Buy & the Booster Round) that require a deposit of AVAX to execute successfully. This guide provides steps to set up those features.
Avalaunch Tutorial Quick Links:
Deposit AVAX Collateral:
The deposit modal can be accessed through the Automations tab under the Accounts page.
Users will also be prompted to deposit collateral with predictive amount recommendations during registration as well.
During an active sale, you can check the automations tab to make sure that you have met the recommended collateral, which will be based on your current stake and predicted allocation.
Set Up Auto-Buy:
Auto-Buy is an Avalaunch automation that will allow a user’s allocation to be automatically purchased during the IDO sale window. When enabled, a user will no longer be required to be present during the sale to purchase their guaranteed allocation, as long as they have deposited the recommended collateral.
Right now, the recommended collateral will be 2x your predicted IDO allocation. In order to ensure you receive your full available allocation, please deposit the recommended amount.
Deposit AVAX Based on Your Predicted Allocation:
The recommended collateral is two times the collateral needed for your predicted allocation, which includes gas fees. This ensures that you receive your maximum allocation, although you can deposit less.
How Does Auto-Buy Work?
Auto-Buy can will become active during an IDO period and can be enabled at any time up to the beginning of a sale, including after you have registered. Once the sale begins, you cannot disable the Auto-Buy automation.
You can locate the Auto-Buy modal under your Automations tab.
In addition to no minimums and guaranteed allocations, Avalaunch is the first launchpad to offer the type of stress-free user experience which allows for passive participation in an IDOs.
Your participation in an Avalaunch sale can start and end with registration. With our new set of automations, our IDOs are now not only guaranteed, but can be entirely “hands off.”
Opt Into Booster Round:
Historically, there have always been unsold tokens in our IDOs as a function of our guaranteed allocations. If a user’s allocation is guaranteed to be waiting for them during the sale, there is always a chance that they don’t show up, leaving a remainder.
For our past 19 IDOs, we have purchased these unsold tokens at our cost and airdropped them to sale participants. While we felt this was a reasonable and generous solution, there has always been demand for a “last chance” offering of the leftovers.
The Booster Round is our response to this request.
How Does it Work?
The Booster Round is an opt-in final round which will allow stakers to pick up additional allocation after their guaranteed allocation in the Staking Round. Enabling will become active during an IDO period and can be enabled at any time up to the beginning of a sale, including after you have registered.
This round, like auto-buy, is automated and there is no need for a user to be present during it.
You can locate the Booster Round modal under your Automations tab.
In order to be eligible for the Booster Round, a user must first opt-in before and deposit the recommended collateral before the IDO begins. In addition to the collateral, you will be required to deposit AVAX for gas fees. This is to ensure that the transaction executes and the automation is 100% reliable.
Once the Staking Round has concluded, the application will begin to automatically scan the list of participants that have opted-in, sorted by stake, with the highest stake first.
If a user has opted in and deposited collateral, it will automatically purchase up to 1/2 their allocation in the staking round, with a hard cap of $300. No user will receive more than this, regardless of their stake.
If a staker has not enabled this feature or not deposited collateral, they will be skipped. If the user has not deposited enough collateral to receive the maximum Booster Round allocation available to them, whatever collateral is available will be used, and the application will move down the list.
Why Not “First Come First Serve?
The Avalaunch application was designed to remove the stress, confusion and need to be first from the IDO process. A round where the person who was the fastest or cranked their gas the highest “wins” would be antithetical to all of the design choices we have made to date. While we understand the desire, we simply prefer a more orderly solution.
With the collateral requirements and hard caps in place, we anticipate that the the Booster Round will allow for hundreds of participants to receive additional sale allocation, without sacrificing any of our core design principles.
