There are many options to participate in presales of new token-coin projects. One of them is decentralized launchpads. There are many IDO (Initial DEX offering) platforms. In this article, we will explain participation in token-coin presales using the DxSale platform.
DxSale is the biggest decentralized crypto launchpad. Many projects like Safemoon used DxSale for presale.
Why are so many people participating in new coin-token presales? Because if they invest in the right project, there is a possibility of making a profit like x100, x500.
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What is DxSale? What is Its Advantage and Disadvantage?
DxSale has services like Dxmint, Dxlock and launchpad. We will look at the launchpad app.
There are no requirements to participate in the presale at DxSale. So, there is no requirement to hold a token like Unicrypt (round1), Polkastarter, etc.
The Dxsale platform automatically locks some of the collected funds into the liquidity pool. Project owners determine how much of the collected funds will be locked and for how long.
The “Pancakeswap liquidity %” parameter specified in the project pages shows this ratio.
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This area has some information to help investors make decisions.
DxWarnings: Here, some parameters of the presale warn the investor. such as softcap amount, unlocked token amount, presale time
Token Sniffer: A tool that scans smart contracts.
Disqus chat: The area where people share their thoughts about the project.
DxToken Locker: Information about locked tokens.
Audit: Shows the audit report prepared by 3rd party institutions to the token smart contract.
KYC: Indicates whether the teams making the project have gone through the KYC process by 3rd party institutions.
By using this service, you can generate your own token without knowing the code. It has advanced features.
In addition, you do not need to have an audit for the tokens you produce using DxMint. This way, you’ll save yourself an expense.
You can lock both token and LP tokens. It has a simple and useful interface. You can prove to investors that you have locked tokens and LP tokens.
Launchpad application is designed to be completely decentralized. What does this mean? It means anyone can come and make a presale on this platform.
So there is no manual control. Scammers may try to use the names of other projects. Therefore, research thoroughly before investing in a project.
Presale Participation: Step by Step
Step 1: Select the project you want to participate in the presale from the Dxsale home page(or use the presale link). Go to the presale page of the project.
Step 2: Make sure your wallet is on the right network(BSC, Ethereum, Polygon)
Step 3: After the presale starts, enter the amount you want to participate in.
Step 4: Confirm the transaction on your wallet.
Step 5: After the presale end, go to the same presale address (presale page of the project). The same address where you participated in the presale.
Step 6: Withdraw/claim your token.
If the presale failed, go to the same address and refund.
There is a video tutorial.
DxSale has a new feature for presale participants with V3. It is called “Emergency Withdraw”
What is “Emergency Withdraw”?
Presale participants can get back their contribution for a penalty fee of 20% of their contribution.
When can I withdraw my contribution?
10 Minutes before a Presale timer runs out, or any time between the finalize of the owner and the filling of the Hardcap.
It’s being deposited to BuyBack and Burn Contract which burns SALE tokens in exchange for the fee.