X Sales
A rug-proof decentralised launchpad built on X-Layer to automate TGE on Revoswap
Last updated
A rug-proof decentralised launchpad built on X-Layer to automate TGE on Revoswap
Last updated
X Sales is an automated platform designed to facilitate TGE & eventual DEX listings of new projects on X Layer, while removing the middleman risk during the crowdfunding process. Our platform enables users to create their ERC20 tokens through Revoswap, raise funds, and lock their token liquidity on Revoswap DEX. Developers can easily setup fund-raising trustlessly and need not worry about building and auditing their own launchpad contracts and UI.
You can expect the risk of funds misappropriation to be reduced significantly, as Revoswap acts as the facilitator (via the use of smart contracts) between new projects and investors. Upon completion of presales, liquidity will be automatically formed and burnt via the DEAD address. This effectively ‘locks’ in the LP of the project, ensuring that project teams will never be able to pull liquidity from the project to rug.
Token allocations are made fully transparent as developers will need to key in the amounts split between community, team, and liquidity allocations. All these details are transparently written onto X-Layer such that anybody can verify these details. After a presale concludes, users will be able to claim their allocated tokens and trading will commence.
X Sales projects are highly speculative and price volatility is expected after open market trading. Users are expected to do your own due diligence before investing into any projects.
For developers, the process is straightforward for you to create and launch a project, without the need for much technical knowledge. All you have to do is worry about building your product! There are two different sale variations: Overflow or First Come First Served (FCFS). Our user interface enables developers to launch within minutes by deciding and inputting select information into some fields:
Vital token information such as Name, Symbol, Supply
Percentages to be allocated to Liquidity, Presales, Private Sales, Marketing & Ops etc
Start and End time of launchpad
Overflow or FCFS format
External meta information such as Logo url, Github url, Twitter url , Telegram Group link etc. (Please make sure logo is hosted on a speedy enough hosting and of .png or .webp format ideally)
A standard ERC20 token (OpenZeppelin implementation) will be created, minted, and custodied in the presale factory. Users can start committing WOKB tokens to secure an allocation once the sales timer begins. At the end of the sale, a launch button will be available for project teams to trigger, and liquidity will be automatically formed on Revoswap. Users can start claiming their allocations.
In this method, if the total contributions exceed the maximum amount, then each user would receive a fraction of the tokens proportional to their contribution in relation to the total contributions. This ensures that everyone who committed gets a portion of the tokens, but potentially less than what they initially aimed for.
In this method, users are processed in the order they are received (using the validity range as a marker of sequence). Once the maximum amount is reached, subsequent contributions are returned in full. Early birds get exactly what they commit to, while late user might get nothing.
In the event the goal isn't reached, the launchpad will be deemed unsuccessful and full refunds will be returned to the user.
For the time-being, we will be allowing a max of 1 pre-sale to be launched every day. Once liquidity and TVL flows into X-Layer, we will allow to increase the frequency of pre-sales.
ERC20 tokens are the most basic implementations possible with no additional functions added. Revoswap team will add new audited token standards in the future, such as tax-ed tokens, reflection tokens etc.
Presale Factory: 0xC46b4c02d17959700a2Cd5c2b3623E8E6A213033
