Launchpad

A guide to launching your own token, and more, on a permissionless DEX

For instructions on connecting your Hiro Wallet account on the Stackswap App, see this article.

Any user with a Hiro Wallet account, a minimum supply of $STSW, and STX for transaction fees can swap tokens on the Stackswap App.

Navigate to the Token Launchpad page on the Stackswap App at https://app.stackswap.org/v2/launchpad.

There are two functions available on Stackswap’s Token Launchpad: New Token Launch, and Group Farming Launch.

Select between a SIP-010 token and a Community Coin for your needs. A Community Coin closely resembles the structure of a CityCoins project. For more details on CityCoins, read here.

New Token Launch (Standard SIP-010)

The Standard SIP-010 is the most straightforward token to launch, with only a few fields to fill in for the token’s information.

Here is an example token with the following details filled out:

  • Token Name

  • Ticker Symbol

  • Token Description

  • Project URL

  • Ticker Image (Uploaded from your device)

Click continue to set up your initial pool, which in turn determines the price of the created token by a ratio to the amount of $STSW added to the pool.

In the above example, the ratio of $CFD to $STSW is 10:1, meaning the value of each $CFD is 1/10th of each $STSW. The total value of the pool will also be set by the total amount of each token put into the pool. For more information on how liquidity pools work on Stackswap, read here.

Click “Commit to Blockchain” to continue, and confirm the transaction on your Hiro Wallet web extension.

New Token Launch (Community Coin)

The Community Coin requires a bit more information than the SIP-010, specifically when determining the length and timing of cycles.

Similarly with the Standard SIP-010 tokens, we fill out the following information:

  • Token Name

  • Ticker Symbol

  • Token Description

  • Project URL

  • Ticker Image (Uploaded from your device)

Then, we create the initial pool and set the ratio of the created token with $STSW.

The following information is required for Community Coins:

  • Starting Block (what block number rewards begin to be distributed)

  • Mining Winner Waiting Period (how many blocks after the reward that a winner is chosen by VRF)

  • Token Emission Per Block (how much rewards are distributed per block)

  • Stacking Reward Cycles (how many cycles are required to be considered for winning)

  • Reserved Wallet Address (wallet address for with a % of the winnings will be sent to)

  • Reserved Ratio (% of the winnings that are sent to the Reserved Wallet Address)

  • Stacking Reward Ratio (ratio of the amount of total stacked tokens that are considered for rewards)

  • Amount of Minimum STX to Commit per Block (minimum amount of STX needed to commit)

Click “Commit to Blockchain” to continue, and confirm the transaction on your Hiro Wallet web extension.

Group Farming

Group Farming allows projects to create partnerships between projects, and also allows projects to reward their early investors and long-term supporters.

In this example we will be using $ZERO token from https://zeroauthority.xyz/ to show the capabilities of the Group Farming function.

Here, the rewards will be for holders of $ZERO for 10 rounds, each of which will be 300 blocks on the Stacks blockchain.

Under the Rewards tab and the Reward Tokens section, we can set the rewards to be paid out in $ZERO.

In the case that ZeroAuthorityDAO wanted to work together with Bitfari, WelshCorgiCoin, and MiamiCoin, they could choose to do so, by rewarding users using other tokens available on the Stackswap App.

Under Token Staking here, users would need to use at least 10 of each token ($ZERO, $FARI, $WELSH, and $MIA), in order to participate in the farm and receive rewards from it.

LP tokens can also be utilized as part of Group Farms. In this example, STSW-ZERO LP tokens are staked in exchange for rewards in $ZERO, $FARI, $WELSH, and $MIA.

A certain amount of rewards can also be set aside for Stackswap Gold and Silver Pass NFT holders.

  • Priority Assignment (number of users who are eligible for NFT rewards)

  • Priority Allocation Rate (% of total rewards that are set aside for NFT holders)

On the Summary tab, we can see how we expect the Group Farming event to occur, and see all the details we have selected.

Click “Commit to Blockchain” to continue, and confirm the transaction on your Hiro Wallet web extension.

Congratulations! We have successfully created a Group Farming event that promote collaboration between projects, and rewards long-term supporters and investors, generating more usage and interest in the project and its token.

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