This section outlines the important Information you need to know before creating IDO(s) on the Bamstarter decentralized Launchpad.
Below are important pieces of information and cautions to help ensure a smooth launch of your project
Before creating your IDO,We strongly advised you to have your smart contract audited by any of our partner auditors and to get your team KYC'ed.
Contracts not thoroughly audited may fail even after a successful fund raising due to unrecognised loopholes and security threat in the code.
Ensure you have no circulating tokens (i.e, no holders) before the IDO creates the liquidity pool. If anyone creates the same pair as the one your IDO is supposed to, it will be unfavourable to your IDO due to the price/market ratio differences and can jeopardise the entire project.
Failed IDO are not refundable: You are in charge of your project and you are expected to set responsible and achievable targets for your own IDO taking into consideration- your marketing and community strength. Hence, consider with care every other parameters including, but not limited to: your own code, the price per token, the length of your presale, the soft cap and the hard cap.
Avoid launching tokens with extra large/near infinite supply(like 1,000,000,000,000 or more):
You will experience issue launching on some AMM which can only handle smaller supply, like PancakeSwap. The"initiate market"may likely fail.
Be aware NOTto use a hardware wallet (Ledger, Trezor, etc.) as some signatures are not recognised by some of these hardware devices like edition of your IDO's social link and icon.We recommend Only useMetamaskto create and interact with your IDO.
Unsold tokens will be burned if the IDO is successful otherwise, can be withdrawn if it fails.
Token locked on vesting cannot be released until the date you set.
Bamstarter doesn’t recommend burning of token. Best practice is to get your tokenomics right from the genesis.
In case there is a need to burn your tokens after all, You are required to use the "dead" address:
Any other burn address will be considered as circulating/unlocked supply.
You can alternatively lock your tokens for a very long period of time as this will be visible on the Tokenomics info tab. Lockers from other provider may not reflected in our tokenomics chart.