Launch of Crowdfunding: Step-by-Step Tutorial
Follow the step-by-step instructions below to launch Crowdfunding. Additional details are collected in the blocks beneath it:
You only create the LP token once per DAO. If you're planning several crowdfunding rounds, it will already be set up for the next one.
A 1% fee is charged on each crowdfunding transaction.
Let's consider an example where a project needs to raise 1,000,000 dollars, meaning the DAO balance must hold 1,000,000 USDT. Since XDAO charges a 1% crowdfunding fee, the project needs to set the total sale amount a bit higher than planned. The total sale amount is calculated using the formula: Amount received by the DAO / (1 - Crowdfunding Fee) -> 1,000,000 / (1 - 0.01) -> 1,000,000 / 0.99 -> 1,010,101 USDT, the amount the project should specify as the Total Sale Amount.